Application for EEEF financing
Deutsche Bank, as the Fund Manager of eeef, conducts the initial screening and, in case of a positive outcome of this first stage, detailed due diligence of the project. To check the eligibility of the project for eeef please refer to the eligibility check on our website.
The final beneficiaries of eeef are municipal, local and regional authorities as well as public and private entities acting on behalf of those authorities such as utilities, public transportation providers, social housing associations, energy service companies etc. Projects can directly be submitted by any counterparty involved in the project.
The Investment Manager will conduct a first assessment about the eligibility of the project and alignment with Fund’s investment guidelines, and the overall portfolio fit. If the outcome of the first screening is positive, the Investment Manager will start a due diligence process.
For the due diligence process further project information, such as a financial model, comprehensive project description and technical details are required. Project evaluation will first focus on the portfolio fit with respect to applicable risk ratios and risk-return considerations. The Investment Manager will also analyze whether the Fund’s environmental and social objectives are met prior to assessing the project’s legal, financial and technical specifications. If necessary, the Investment Manager will support the potential beneficiary to identify more feasible financing structures. Subject to a successful outcome of this analysis, the Investment Manager will prepare an Investment Proposal and the project will be presented to the Investment Committee.
Upon approval by the Investment Committee and by the Management Board, the Investment Manager will prepare the financial closing. The Investment Manager will ensure that all projects comply with the terms and conditions agreed upon prior to the investment. This includes regular (quarterly and annual) review of financial, social and environmental performance.
Projects can be directly submitted by any counterparty involved in the project, without necessarily participation of an ESCO or broker.
Yes, the final beneficiaries of eeef are municipal, local and regional authorities as well as public and private entities acting on behalf of those authorities such as utilities, public transportation providers, social housing associations, energy service companies etc. The applicant can therefore be a private company, however looking at the complete project there must be involvement of a municipality (e.g. a concession or long-term contract with the municipality, or a co-investment of the municipality).
Deutsche Bank, as the Investment Manager of eeef, would be the first contact with regard to projects. Should you have information on the envisaged project/s (e.g. project teaser or even if available comprehensive project description/investment memo, a financial model, technical and environmental details etc.), please submit them together with all other information via the eligibility check. The Investment Manager conducts pre due diligence discussions with potential partners to identify how the Fund could fit with the project strategy.
As Deutsche Bank is the Investment Manager, it screens the projects and conducts the due diligence. However, the investment decision is taken by the governing bodies of the Fund representing its major shareholders.
No. Projects can be submitted at any time to the Investment Manager.
There is no deadline for applications as the Fund is investing on an ongoing basis.
There is no application form for eeef. To check your general eeef eligibility and forward your project details to the Investment Manager, please refer to the eligibility check on our website.
The time between the first screening of the project and the final decision will not exceed six months – provided that all required information is submitted and all contracts are in place.
The project can be submitted via the eligibility check at any stage during the development process. However, it will be difficult to check eligibility, if the project so far is at the first days of planning. Please note that eeef cannot finance projects that are already implemented and financed.