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ENERGY INNOVATION FINANCIAL NETWORK Dr HANNA BARTOSZEWICZ-BURCZY INSTITUTE OF POWER ENGINEERING WARSAW - POLAND 19 Jun e 200 7 , WARSAW EIF N WORKSHOP. The EIFN is an initiative promoted by E U 6 t h FP to finance energy innovation activities . THE EIFN AND EUROPE INNOVA C OMMUNICATIONS.

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ENERGY INNOVATION FINANCIAL NETWORKDr HANNA BARTOSZEWICZ-BURCZYINSTITUTE OF POWER ENGINEERINGWARSAW - POLAND19 June2007, WARSAW EIFN WORKSHOP

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The EIFN is an initiative promoted by EU6 th FP to finance energy innovation activities.THE EIFN AND EUROPE INNOVA COMMUNICATIONS
objective s of the eifn project
OBJECTIVES OF THE EIFN PROJECT

Design and develop a comprehensive framework for a better understanding between innovation energy enterprises, institutions and financial agents based on:Collaboration to update the financial services to the energy sector innovation needs.Providing practical and efficient solution to facilitate innovation agents in the energy sector the access to financial services.European scope.

european union energy policy and the lisbon strategy
EUROPEAN UNION ENERGY POLICY AND THE LISBON STRATEGY
  • Limits to greenhouse gases emissions (EU has the commitment to deliver the collective 8%, with the reference to 1990 level, cut in emissions by 2008-2012).
  • Promotion of renewable energies (EU objective: 12% market share of renewable energy in 2010 total primary energy consumption.
  • Cogeneration Strategy (Target of doubling the share of electricity production from cogeneration to 18% by 2010)
  • Reduce energy dependency
  • Lisbon European Council established that Europe’s future economic development would depend on its ability to create and grow high value, innovative and research-based sectors
innovation in the energy sector
INNOVATION IN THE ENERGY SECTOR

The European innovation in the energy sector has found relevant barriers to access to finance services:

  • Some project promoters needs more knowledge about: innovation financing alternatives, access to financial resources procedures, structured finance, project evaluation methodologies, economic valuation of the project environmental impact, business plan elaboration, risk management.
  • Energy projects have long maturation periods that needs to adapt project financial structure to this characteristic.
  • Usually these projects require high volume of financial resources, in some cases the promoters has problems to engage guaranties to obtain the finance support.
  • Energy projects have high cash flows due to: technology risk, regulatory risk, price risk.
energy innovative financial network initiative
ENERGY INNOVATIVE FINANCIAL NETWORK INITIATIVE

The EIFN project is an initiative promoted by European expertsto finance energy innovation activities focused on designing anddeveloping a comprehensive framework for a betterunderstanding between the innovation energy enterprises, the institutions and financial agents.

  • Providing practical and efficient solutions to facilitate

innovation agents the access to financial services.

  • Collaboration to update the financial services to the energy

sector innovation needs.

  • Overcoming the barriers of the existing investments for

financing innovation in the energy sector

  • European scope
energy innovative financial model
ENERGY INNOVATIVE FINANCIAL MODEL
  • Establishment of a comprehensive network to improve

financing for innovation in the energy sector (Europe Innova

Energy Network)

  • Identification of financial services (solutions) according to

the specific characteristics of the innovation in the energy

Sector

  • Design and develop methodologies and tools to prepare

business plans and to financially analyze the energy projects

  • Design and implement a facility that improves the access of

innovation energy enterprises and institutions to financing

stakeholder committee
STAKEHOLDER COMMITTEE
  • The Stakeholder Committee are composed by ca. 350 members from different EU countries.
  • Members of the Stakeholder Committee are representing the financial organizations (banks, venture capital funds, business angels, etc.) private companies of the energy sector and their intermediaries, innovation promoter, managers and researches.
  • The members of the Stakeholder Committee are experienced in innovation, project finance or energy sector.
  • The members have to co-operate with the project consortium in testing the functionality of the project tools and materials and they are interested in contributing to disseminate the general interest aspects raised by the project development.
  • The nomination for the Innova Energy Network is honorific.
metodologies and tools
METODOLOGIES AND TOOLS
  • Identification and analysis of sector characteristics in relation toinnovation financing (map linking needs of innovation in energy sector and funding sources).
  • Design and develop methodologies, tools, guidance materials and procedures.

- Business plan preparation tool package

- Business plan diagnostic

- Financial analysis

- Multi –scenario analysis, sensitive analysis, simulation analysis,

- Real options methodology, etc.

Co-operation with other EU initiatives: Gate 2 Growth and PAXIS.

eifn provides
EIFN PROVIDES
  • A complete information package including an assessment tool to enable promoters to establish the state of advancement of their prospective venture and a business planning model to help them prepare a viable business plan and other economic approaches.
  • Access to guides and directories on innovation finance and sources of finance at EU, national and regional level.
  • Access to workshops and roundtables providing both a general introduction to innovation finance and more specific and practical guidance on the financing process and presentations to investors.
  • Online helpdesk support to provide a readily accessible source of assistance and advice.