The funding programme ELENA provides grants for large projects focused on energy efficiency, renewable energy or sustainable transport.
The average ELENA contribution is €1.5 million per project. The grants can be used for feasibility and market studies, programme structuring, business plans, energy audits and financial structuring.
The total annual grant budget is currently between €40 and €50 million. Projects are evaluated and grants are allocated on a first-come-first-served basis.