EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
Organisations must define and implement a clear roadmap for decarbonising operations within the long-term timeframe, while also maintaining strong focus on markets, clients and people throughout the journey.
As systemic transformations materialise, decarbonisation must be recognised as a significant opportunity rather than a risk towards current business models.
With energy transition on the move, companies face additional pressure and tackling climate change can be a complex issue.
Organisations must define and implement a clear roadmap for decarbonising operations within the long-term timeframe, while also maintaining strong focus on markets, clients and people throughout the journey.
As systemic transformations materialise, decarbonisation must be recognised as a significant opportunity rather than a risk towards current business models.
EU is ready to build a better future and available EU Funds are paving the way towards a more sustainable world.
EU Funds for energy transition available in Romania until 2023
54 bln. €
EY Analysis October 2022
The challenge for organizations is to progress on three fronts:
Focus on organisation's long-term vision, mission and core values
Deliver change and take advantage of market opportunities to steer business in a new direction
Leverage sustainable finance and EU financing mechanisms to mobilise capital
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EY Energy Fit
EU Funds Screening Tool
The platform that identifies EU funding opportunities for energy-related projects envisaged by investors.
Our solution
EY Romania has developed the EY Energy FiT ("Financing Transition") platform given the strategic importance of investments in the energy sector and the diversity and complexity of programs that will provide financing for this area.
EY Energy FiT is a comprehensive online platform that aims to help local
companies identify EU financing opportunities for their energy-related projects.
Taking into consideration the on-going urge of development in the energy sector, EY Romania believes that all investors should benefit from access to the best guidance and information.
We offer a non-complex approach on how companies can benefit from EU Funds and learn more about the importance of Energy Transitioning. Our solution is oriented towards organisations who are looking to turn their projects for GHG emissions reduction, renewable energy or energy efficiency into reality.
EY Energy FiT operates agentless throughout the first three phases of the EU Funding life-cycle
Our solution helps you identify:
Available EU funding opportunities for your project
Next steps to follow based on your current project status
Energy-related type of projects financed via EU funds
Key trends for your company's industry
EY Energy Fit – What it is
The platform's features are simple and intuitive and can be of great help to companies looking for funding opportunities. Potential applicants can benefit from our service by providing general information about the investor and basic project parameters. The platform then shows investors the next steps they need to take to develop projects suitable for grant funding, while identifying potential programs. The final step is to generate a concise presentation of the programs that complements their specifications.
Maximum amount that could be granted for one project through the nearest EU Funding opportunity ( Modernisation Fund – Renewable Energy Sources Call
20 mil. €
EY Analysis October 2022
EY Energy Fit consulting services
We build upon the broad and unique expertise of EY Energy FiT team and we provide tailored services to our clients that include:
Defining investment priorities
Identify EU funding sources available for specific projects
Analysis of eligibility conditions / other funding conditions
Defining project concept / adapting it to the funding conditions
Preparation and submission of funding application
Assistance during the project evaluation period
Technical assistance during implementation
Benefits
Engaging the right partners
Outlining of the scope and context of the project
Supporting the multicriterial analysis of the existing options, in order to get to the optimal solution
Identifying the best technical design team for your project that will help with authorizations and licensing
Performing Cost Benefit Analysis, including Financial, Economic, Sensitivity Analysis and Risk Assessment
Supporting project implementation
Key differentiators
In-depth knowledge of the regional and local energy sector
Broad understanding of the relevant context, as well as the specific challenges faced by beneficiaries in their efforts to access funds and implement projects
Global coverage and constant connection with teams that have delivered similar tasks in other countries in the field of EU funds
Additional Services
Business Reinvention
Transformation Delivery
Integrated Risk Management
Future-back Visioning
Business Model Innovation
Enterprise Operating Model Design
Transformative Leadership
Iterative Transformation Delivery
Transformative Operating Model
Program Risk Management
Compliance
Conduct Risk Assessment
Contact us
Interested in the changes we have made here,
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