ELENA (European Local Energy Assistance) provides grants for project development assistance to public and private project promoters. It has already awarded around €120 million of EU support triggering €4.7 billion of expected investments on the ground in 21 countries.
The facility was created by the European Commission and the European Investment Bank (EIB) to support the preparation of bankable, ambitious and large-scale investment programs in energy efficiency and distributed renewable energy.
Six transport projects are currently benefitting from €12.4 million from the ELENA facility. These projects are expected to generate a total investment of €511 million. The six projects were presented at the General Assembly of the European Innovation Partnership in Smart cities and communities in Sofia.
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