“LATVIAN BALTIC ENERGY EFFICIENCY FACILITY” or LABEEF is a fund created by investment control enterprise Funding for Future B.V. (F3), with aim to facilitate long-term investments necessary for multifamily building and public building renovation projects.

Making sure that the ESCOs have done their construction work properly and reached the certain energy savings stated in the Energy Performance Contracting (EPC), the fund purchases future revenue so that ESCOs could work further on next comprehensive renovation projects of buildings. The Fund operates in accordance with the guidelines set that helps LABEEF to analyze the investment opportunities for particular ESCOs.

In order to receive LABEEF funding all renovated buildings must meet the highest energy efficiency standards, at the same time providing to owners safety, health and comfort guarantees for 20 years. LABEEF fund is financed by private investors and the European Bank for Reconstruction and Development (EBRD).

LABEEF funding guidelines and online platform ensure public and transparent financing process, where all party interests are taken into account.According to LABEEF guidelines, the financing process is divided into 3 stages:

As a result, ESCOs will have investment generated to implement new deep renovation projects and building residents will have warmer, safer and visually appealing homes for the next 15 to 20 years.

In 2018, LABEEF financed the first six multifamily building deep renovation projects in Cesis, Sigulda, and Riga. In 2019 new projects are planned. If your enterprise wants to implement building renovation project and is considering possible investment opportunities, contact us to discuss further cooperation opportunities!

Project partners