Case
European Energy Efficiency Financing Coalition (EEEFC) brings together the European Commission, the financial sector, industry, and Member States around one goal: Mobilising private capital to significantly scale up energy renovations in Europe.
Viegand Maagøe is leading the Secretariat of the Coalition in a consortium with partners Adelphi Consult GmbH and ICCS, helping the European Commission successfully accelerate energy renovation across Europe.
This is where the European Energy Efficiency Financing Coalition (EEEFC) comes in.
The Coalition (EEEFC) is the EU’s new flagship initiative for the financing of energy efficiency. At Viegand Maagøe, we lead the consortium that will run the Coalition’s Secretariat from 2025 to 2028.
The Coalition has a clear purpose:
To mobilise private finance and create a long-term, viable funding framework for energy renovations.
Within the Coalition, we bring together the 27 Member States, 67 public and private financial institutions, and more than 40 industry and sector partners, from Danfoss and ROCKWOOL to the European Heat Pump Association.
The aim is to create a common language and shared objectives among Coalition members, the European Commission, the EIB, and UNEP FI.
We work across several levels:
From the strategic level with ministers and executives at annual general assemblies, through expert groups that develop concrete solutions and financing models, and through operational national hubs in each Member State focused on specific local barriers and opportunities.
This includes everything from voluntary agreements to improve the energy performance of banks’ loan portfolios, over guarantee -mechanisms for SMEs, and to One-Stop Shops where homeowners and businesses can obtain advice, financing, and solutions in one place.
As the Secretariat, we are the practical and technical engine.
We also facilitate the working groups, assist planning the general assemblies, support the national hubs, and manage the Coalition’s communications.
In other words:
This work seeks to ensure that the EU has the best possible conditions for turning energy renovation into reality across Europe.
Since 2006, we have helped hundreds of companies, organisations, public authorities and everything in between to accelerate the green transition and advance the sustainability agenda. Get in touch if you would like to hear more about how we can help you.
The Coalition is still young. And it is designed with one thing in mind:
To make it significantly easier to deliver energy renovations at scale.
For Member States, this means a forum for exchanging experiences and inspiring smarter use of scarce public funds, for example through guarantees that leverage private finance.
For Financial Institutions, it means concrete input for new products and portfolio strategies that both reduce risk and increase the share of green lending, without overwhelming customers with complexity.
For Industry and Solution Providers, it means that energy efficiency becomes more than just a technical argument. It is directly linked to financing and policy objectives, so your solutions are chosen more often.
We are not the ones renovating the buildings.
But through the EEEFC, we help create the frameworks, partnerships, and financial instruments that enable more homeowners, businesses, and developers to get started. And our work allows Europe to move faster towards its energy and climate targets.
In our day-to-day work, we apply this deep technical knowledge for many large companies and institutions, and in our collaboration with partners at the EU level, where we advise the bodies that set the framework conditions.
Improving energy efficiency makes sense both for private finances and for society:
lower energy consumption, lower energy bills, reduced dependence on imported energy, and lower CO₂ emissions.
With the new versions of the Energy Efficiency Directive (2023) and the Building Directive (2024), the legal framework is in place. Now, the challenge is to translate it into concrete energy renovations in the member states.
However, renovations across Europe are currently taking place far from the pace needed to reach the EU’s energy and climate targets for 2030, 2040, and 2050.
The challenge is not simply a “lack of money”. The funds are available. But they are not being converted into concrete projects for homeowners, housing associations, and businesses.
The barriers are many and differ from one EU Member State to another:
Complex regulations, a lack of available data on building energy consumption, low trust in the renovation sector, coordination issues between owners and tenants in multi-story buildings, SMEs that are focused on day to day challenges in their market and production, and public budgets that are under pressure from other urgent priorities.
Previous EU initiatives such as the Energy Efficiency Financial Institutions Group (EEFIG) during 2013-23 created a strong knowledge base, laying out the groundwork for boosting energy renovation in the 27 Member States.
But if you want to create real change, you need to get closer to decision-makers, strengthen national frameworks, and put concrete financial products to work across the whole ecosystem.