About IEEF

The €75 million Ireland Energy Efficiency Fund was established in March 2014 to deliver energy efficiency projects across the Irish public and private sector. Sustainable Development Capital LLP was appointed as investment advisor to the IEEF following a competitive procurement process run by the NTMA and Department of Energy, Communications and Natural Resources.

IEEF Fast Facts

  • €75 million available to invest in energy efficiency projects in the Republic of Ireland

  • €35 million from Irish Government – based on a commercial return on investment, not grant funding

  • Projects: Building Retrofit (lighting, HVAC, waste heat recovery, process optimisation); Generation: (CHP, boilers, heat pumps)

  • IEEF takes all project risks – technical, operational, financial, performance

  • IEEF’s return is fully performance based and only generated where the energy savings are delivered and verified

  • Targeted €1-15 million investment per project or aggregation of projects

  • Flexible contract term of 3-20 years

  • Client participates in the shared savings from day one

  • IEEF only works with credit worthy counterparties and deploys commercially proven technologies

  • Potential to structure the project off-balance sheet

  • Select Projects: Tesco (LED), Intercontinental Hotel (multiple measures, deep retrofit), Climote (heating controls)

  • Key sectoral focus: Agri-Food; Hospitality; Healthcare; Retail; Education; Industrial Processes & Facilities; Data Centres