MEEF: more beef for energy efficiency funding


London Mayor Sadiq Khan has launched a £500m fund for energy efficiency projects in the capital. Like it’s forerunner, the London Energy Efficiency Fund (LEEF), the Mayor’s Energy Efficiency Fund (MEEF) is run by Amber Infrastructure.

The largest public-private energy efficiency fund in Europe, it will provide lower cost finance (rates start at 1.5%) to help deliver viable low carbon projects across London.

The minimum amount of funding – available to local authorities within the capital, NHS Trusts, education, charity, voluntary and SME sectors as well as Escos –  is £1m, with senior debt, mezzanine debt and equity sources available.

While an energy efficiency fund, it can also support decentralised and renewable energy generation projects as well as storage, electric vehicle infrastructure and low carbon data centres.

MEEF can fund up to 100% of the capital cost of a project but could also part-fund large scale regeneration projects with low carbon credentials.

Established by the Greater London Authority, with funding from the European Commission, the fund aims to help deliver London’s ambition of being zero carbon by 2050.

See further details here.

Related stories:

£185m available for SME energy efficiency projects

Dead money: use dormant bank accounts to help councils fund clean energy, MPs urge

Investor Confidence Project seeks street lighting and heat network projects

Prepare for impact: How IFRS16 will affect energy performance contracts

Investors with €1bn to spend on energy efficiency seek projects

Standardisation the key to growing energy efficiency money markets

Green Investment Bank: Energy managers must build better business cases

Click here to see if you qualify for a free subscription to the print magazine, or to renew.

Follow us at @EnergystMedia. For regular bulletins, sign up for the free newsletter.


Please enter your comment!
Please enter your name here