PRODESA aims to assist seven major municipalities in the Athens Metropolitan Area to launch showcase energy efficiency and renewable energy projects, utilizing innovative financial tools and attracting private investments. To achieve its objectives, the project focuses on optimal bundling of the fragmented municipal projects, involving 116 public buildings and 6.3 MW streetlighting installed capacity, to achieve considerable size, reasonable payback time and risk diversification.
The resource pooling is being used to optimise financial results for all parties and to ensure the high participation of ESCOs in the tenders. The total investment is €20.24 million. PRODESA is the first of its kind project in Greece and among other things, aims to create a network of at least 30 municipalities that will be supported in order to replicate the results.
More on the PRODESA website.