RESCOOPs Mobilizing European Citizens to Invest in Sustainable Energy

ended

RESCOOP MECISE is short for Renewable Energy Sources COOPeratives Mobilizing European Citizens to Invest in Sustainable Energy. As European citizens and local authorities often lack time, financial means and technical expertise to initiate the necessary energy renovations of their houses and public buildings, the potential for energy efficiency projects remains largely untapped. RESCOOP MECISE will develop an integrated and innovative approach that gives answer to this impeding challenge. By integrating both renewable energy and energy efficiency projects into one innovative investment scheme RESCOOP MECISE will elaborate a completely new financing format. The financing scheme will make European citizens, REScoops, local authorities, the European Investment Bank and other related investment funds partners into the transition towards a more sustainable society. Moreover RESCOOP MECISE will encourage citizens and local authorities to initiate deep energy renovation projects by providing them with personal assistance and technical expertise that now remains with the REScoops. The RESCOOP MECISE project will also provide a clear cut solution for the financing problem that REScoops face when they want to start up with their first project. By means of setting up a European fund for both renewable energy and energy efficiency projects or through the development of a financial facilitation service for REScoops the REScoop MECISE project will enhance the potential for more successful energy efficiency projects throughout Europe.