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In the PROSPECT H2020 project we have examined the needs for success at the project start and now we would like to update and validate what the key factors are for green financing to become a reality. If you are working for a city/municipality or region, we would love to hear your opinion on the subject.

Exciting and educational Webinar by RENAC.

Global installed capacity of photovoltaic (PV) systems in 2018 increased by 26% relative to the previous year to a level of 509.3 TW. For the eighth year in succession, PV outpaced all other types of renewable energy technologies in terms of annual investment volumes, making it the most dominant and important renewable energy technology. Compared to wind energy, PV already is the cheapest energy generation source in most southern and high solar irradiation countries.

The central question about financing Green Investements is often: How? It can seem difficult to find available money for a first investment, and this is an important issue for households but also municipalities and regions. In Europe, there are more and more interesting cases about what type of innovative financing can work in practice. It was one aim, through the PROSPECT project, to showcase those successes, and enable peer to peer learning in regional and local authorities in order to finance and implement their sustainable energy plans.

What’s next with PROSPECT

The 4th and last PROSPECT learning cycle is soon coming to an end. In total, over 200 participants joined the peer-to-peer learning programme. These participants were from local authorities, regions and their energy and climate agencies or municipal companies across Europe. They have been sharing their knowledge about various innovative financing schemes. Although applications for the learning cycles are now closed, there are still ways to contribute and benefit from PROSPECT.