European Energy Efficiency Fund

What they do

The European Energy Efficiency Fund (eeef) is an innovative public-private partnership (PPP) dedicated to mitigating climate change by financing sustainable energy infrastructure. Initiated by the European Commission, the European Investment Bank (EIB), Cassa Depositi e Prestiti (CDP), and Deutsche Bank, it bridges the gap between public climate goals and private capital. The fund targets municipal, local, and regional authorities (or private entities acting on their behalf) to finance mature technologies in energy efficiency, small-scale renewable energy, and clean urban transport. In April 2025, SUSI Partners was appointed as the new Portfolio Manager, replacing DWS.

What they look for

The eeef aims to support the EU’s 2030 and 2050 climate and energy targets by providing market-based financing to commercially viable public sector projects. The fund focuses on projects that might otherwise struggle to find financing due to their smaller scale or complexity, offering flexible debt and equity instruments. Projects must involve municipal, local, or regional authorities and achieve at least 20% primary energy savings or CO2 emission reductions using mature, proven technologies.

Stage

Series B+

Sectors

Climate

Based

Luxembourg, LU