EEFP

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Energy Efficiency Financing Platform (EEFP):

BEE, since its inception, has been working on strengthening the importance of Energy Efficiency (EE) and the development and integration of EE measures across sectors. With time as the market got evolved and became relatively mature by government fierce interventions, the need of timely access of finance is realised. EEFP aims to establish a platform to interact with Financial Institutions (FIs), project developers and other stakeholders for the implementation of energy efficiency projects and accelerating energy efficiency financing. For capacity building of FIs, BEE signed MoU with Indian Banks’ Association for the Training Programme on Energy Efficiency Financing. The MoU was signed in 2015 and this training programme was launched in June 2015. These workshops have been held in two phases. Phase 1 included 4 ToT workshops and 2 direct training workshops. In phase 2, 22 direct training workshops for FIs on EE Financing held at different locations (17 states covered) across India. In these workshops total of 682 participants from 72 banks/NBFCs banks/NBFCs received training on EE financing. Currently, the programme of these training workshops have ended on 31st March 2019

Objective

The broader objective of EEFP is to create mechanisms which would help finance demand side management programmes in key sectors by capturing future energy savings as well as for capacity building of financial institutions and ESCOs/OEMs/ designated consumers. This shall also play a vital role in creating the awareness for BEE’s various energy efficiency financing schemes to boost the investment in this area.

Status & Achievements

Investment Bazaar:

Bureau of Energy Efficiency (BEE), in association with State Designated Agencies (SDAs) organises state level events by the name of “Investment Bazaar for Energy Efficiency” with the aim to provide the necessary platform in which bankable energy efficiency projects can be showcased in presence of Financial Institutions, OEMs, industries, ESCOs etc.

This event facilitates in creating the awareness among industry stakeholders on different financing schemes, EE product/services, ESCO mode of implementation of EE projects.

Till date 4 Investment Bazaars have been organised in Vizag (Andhra Pradesh), Chandigarh (Punjab), Pune (Maharashtra), Hyderabad (Telangana), Itanagar (Arunachal Pradesh), Benglore (Karnataka), Vizag (Andhra Pradesh) and Nagpur (Maharashtra).

 Training Programme for FIs:

For capacity building of FIs, BEE signed MoU with Indian Banks’ Association for the Training Programme on Energy Efficiency Financing. The MoU was signed in 2015 and this training programme was launched in June 2015. These workshops have been held in two phases. Phase 1 included 4 ToT workshops and 2 direct training workshops. In phase 2, 22 direct training workshops for FIs on EE Financing held at different locations (17 states covered) across India. In these workshops total of 682 participants from 72 banks/NBFCs banks/NBFCs received training on EE financing. The programme of these training workshops ended on 31st March 2019.

In order to further strengthen banks/NBFCs/MFIs on EE initiatives, programmes, imparting knowledge on EE measures / technologies, future prospects and assessment, BEE has engaged NPTI to conduct 6 capacity building workshops to train officials from FIs across India till 31st March 2023.

First Training Workshop for FIs has been successfully conducted at NPTI, Faridabad Center on 17-18 November 2022, where 29 participants from various financial institutions have been trained.

Grading of energy efficiency projects:

With the objective to significantly increase finance of EE projects, and create enabling conditions or interventions for increasing the finance of these clean technologies/measures, BEE is introducing a pilot phase of reimbursement of grading fee for first 100 projects under the programme for Grading of EE projects with grading agencies and financial institutions.

In this programme, EE project developer, who is seeking finance for its EE measures, can get the grading of its project done to facilitate its financing. All those financial institutions which are registered with BEE’s Facilitation Center are eligible to benefit under this pilot      grading programe. The grading will be done on a well-defined parameters, tailored for EE projects. Till date two grading agencies are empanelled under this programme i.e. CRISIL Ltd, and SMERA Ratings and Gradings Ltd.

Target Beneficiaries

  1. Financial Institutions (Banks and NBFCs)
  2. MSMEs
  3. Large Industries
  4. Energy Service Companies(ESCOs)
  5. Buildings & Municipalities
  6. Other Energy Consuming Sectors

Partners

  1. State Designated Agencies(SDAs)
  2. NPTI
  3. CRISIL Ltd
  4. SMERA Gradings and Ratings Ltd
  5. IREDA
  6. YES Bank

Collaboration with SIDBI for financing MSMEs

 

MoU between BEE and SIDBI was signed on 3rd Nov 2022 to promote energy efficiency financing for MSME sector and exploring IoT based solutions, greening MSMEs, capacity building of various stakeholders, etc. On 9th Dec 2022, SIDBI & BEE launched UNIFIED NAVIGATION TOOL ON ENERGY EFFICIENCY (UNNATEE) tool and mobile app. UNNATEE tool has been developed by digitizing 1000+ energy efficiency related project reports consisting of a database of 5000 EE technologies from 26 industrial sectors. MSMEs after checking the energy savings potential can approach Energy Auditor to use this mobile app to conduct energy audits and can generate energy audit report on-site and provide the same to Bank for financing the identified technologies for implementation without any delay. To access UNNATEE (web-based tool) please click on  http://sidbieetool.in/

 

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