The recently launched PEDAL coordinated Sustainable Energy Investing and Financing Activation (SEIFA) EU-funded project will create incentives for private investors to finance a deep renovation of industrial plants, energy supply facilities and energy service companies.
Project’s main objective in this respect is to establish a Fund that will invest with a focus on industrial companies. Among them there will be: manufacturing companies, industrial parks implementing sustainable energy-related projects, industrial and sustainable energy facilities (for instance, sustainable energy parks, sustainable fuels and infrastructure), and energy service providers (i.e. energy technology companies and renewable energy developers).
Moreover, the Fund’s investments aim to create a Net-zero carbon emission and a fully Environmental, Social and Governance (ESG) compliant portfolio. Therefore, every potential investment will be assessed against sustainability criteria, following the EU Taxonomy for Sustainable Activities and the Sustainable Finance Disclosure Regulation (SFDR).
The project mainly focuses upon the region of the Central and Eastern Europe (CEE Region), including twelve Member States of the European Union (EU): Bulgaria, Croatia, Czech Republic, Estonia, Germany, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia. SEIFA will also involve neighbouring countries of the aforementioned participating countries (EU Associated).
The SEIFA project will provide incentives to private investors to decarbonise the industry sector through the establishment of a Fund. It aims to accelerate the pathways towards Net-zero carbon emission. For further information you can visit the page https://gnd.one/seifa and discover the latest news about SEIFA and its development.