Dexia-FondElec Fund
The Alliance, with support from USAID and UNECE, will provide technical assistance to support the development of a project pipeline for EBRD's Dexia-FondElec Energy Efficiency and Emissions Reduction Fund. The Fund was created jointly by Dexia Bank of France, FondElec Group and the European Bank for Reconstruction and Development (EBRD). It has been developed to facilitate private sector investments in the energy efficiency industry in selected transition countries and is particularly targeted at investors pursuing projects yielding significant reductions in greenhouse gas emissions.
The Alliance will provide technical assistance to the fund manager, FondElec Group, to identify a minimum of five high quality, end-use energy efficiency projects for the Fund that include the following components:
- Project identification
- Technical and financial analysis
- Emission reduction benefits
- Due diligence analysis of the energy users' creditworthiness, viability, and market prospects
- Guidance in setting appropriate baselines
- Monitoring and verification strategies and implementation.
The Alliance will work with its various implementing partners, as appropriate, including regional energy efficiency centers and current counterparts to identify suitable projects for this EBRD pipeline and develop greenhouse gas emissions baselines for these projects.