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Eastern Europe Energy Efficiency and Environment Partnership (E5P)

The Eastern Europe Energy Efficiency and Environment Partnership (E5P) is a EUR 200 million multi-donor fund that encourages municipal investments in energy efficiency and environmental projects in the Eastern partnership region. The fund also supports policy dialogue and regulatory reform. E5P participates in projects as a co-financier. Grants are used as an incentive for municipal clients to take loans provided by participating Implementing Agencies:

  • Council of Europe Development Bank (CEB)
  • European Bank for Reconstruction and Development (EBRD)
  • European Investment Bank (EIB)
  • International Finance Corporation (IFC)
  • KfW
  • Nordic Environment Finance Corporation (NEFCO)
  • Nordic Investment Bank (NIB)
  • World Bank (WB)

Support provider 
European Union and a group of 21 nations, including countries that benefit from the fund
Purpose of support 
Project and program implementation
Steps to access  

Project application submitted for the approval to the Steering Group and then to the Assembly of Contributors.

Climate objective 
Adaptation, Mitigation, Cross-cutting
Sectors and themes 
Energy efficiency, Renewable Energy, Urban, Waste management
Type of support provider 
Multilateral
Type of recipient 
Public entity at the sub-national level
Fund size 

EUR 200 million

Co-financing required 
Yes
Application timeframe 

The Steering Group addresses the preparation of projects as many times as
necessary, once or twice a year, in preparation of the Assembly of
Contributors.

Trustee or administrator 
European Bank for Reconstruction and Development (EBRD)
Contact information 
http://e5p.eu/