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Today, European markets for Sustainable Energy Assets (SEA) are splintered over many project and contract types, small portfolios and numerous investor methods to assess project risk. Consequently, deal closure takes an average 12-18 months per project, and project aggregation remains the foremost challenge to equitable financing solutions. Energy Performance Contracts (EPCs) and risk assessment protocols must become standardised for project investors in order to encourage market growth in a manner which will launch the market for SEA as tradable securities.
This is the aim of LAUNCH. The LAUNCH framework will enable large scale aggregation of sustainable energy assets for financiers and will support contractors in accelerating pipeline growth, through:
1. Standardised, investor-grade EPC contracts
2. Standardised risk assessment protocols
3. A roadmap for project developers that allows to access growth capital for their companies
4. Market-tested value propositions for the end-clients of assets developers.
These tools will be piloted with developers, projects, and capital providers and all material will be reviewed by the LAUNCH Investor Board, comprising 20 institutional investors and finance professionals from across Europe. LAUNCH is an EU-funded 2.5-year project under the Horizon 2020 Programme for Research and Innovation. The consortium includes TNO, Joule Assets Europe, BNP Paribas Fortis, EnerSave Capital, and New Energy Group.