New deadline for new investors who wish to be approved for MES Barcelona
MES Barcelona is an instrument to support and speed up the city’s energy transition alongside private investors.
There is a new deadline for the Barcelona Mechanism for Sustainable Energy (MES Barcelona) for all those new investors who wish to be approved for the mechanism. There is time until 8 July.
All the terms and conditions for investors, along with the object and the nature of the approval procedure, the characteristics of the investments, the procedure, the necessary documentation and conditions can be consulted in the document linked here.
MES Barcelona is an instrument to support and speed up the city’s energy transition alongside private investors. More specifically, Barcelona will be investing €50 million of municipal funds to foster renewable energy and attract private funds, in order to jointly allocate at least €166 million to energy renovation and photovoltaic installation projects.
When it comes to selecting and approving investors, the City Council will require candidates to focus on either photovoltaic-panel or energy-renovation investments where the business model does not require co-funding from the owners of the buildings. The MES Barcelona public and private investors will assume 100% of the investment and will recover it thanks to the energy savings generated by the funded operations, in accordance with the ESCO model.
These are the first seven approved investors:
- Endesa X Servicios S.L.
- GVC GAESCO Gestión Gestora de Instituciones de Inversión Colectiva S.A. (with the participationof Acelera energia).
- Hendian Group DMEGC MAGNETICS (with the participation of Enerparking-Sunstroom).
- Intermoney Titulización SFGT, S.A. (with the participation of GNE Finance and Ecrowd).
- Iberdrola (with the participation of Inversiones Financieras Perseo SL)
- Naturgy Iberia S.A.
- Suma Capital SGECR, S.A.
