PROSPECT: Peer Powered Cities and Regions


PROSPECT “Peer Powered Cities and Regions”, started in June 2017 and carried out under the Horizon 2020 programme. The project aims to develop a learning programme enables peer-to-peer learning in regional and local authorities in order to finance and implement their sustainable energy and climate action plans.

    The strategic objectives of PROSPECT are to build capacity of public authorities in financing sustainable energy plans through peer-to-peer learning activities; to help public authorities and their agencies use the rich experience available, which is yet difficult to appropriate solely on their own, and to link public authorities at the regional and local levels and their respective associations along with energy policy makers, associations of planners, technical experts, financing bodies on sustainable energy, and local actors in an intra-European network through an innovative peer-to-peer leaning experience on financing sustainable energy projects and measures.

    Specifically, the project aims to:

    • to develop and execute a complete and easily replicable peer to peer learning program addressing at least 180 local and regional authorities through prominent local and regional associations and agencies.
    • to create effective and productive peer-to-peer groups among regional and local authorities and agencies within and outside consortium partners, in order to ensure the exchange of experience and expertise
    • to build partnerships that will stimulate mutual understanding of each other’s issues, situations and challenges with the aim of exploring new ideas, options and solutions; and
    • to identify and set up proper replication mechanism for the learning programs available to regions/cities beyond the consortium network and the project’s duration.


    The learning programme 

    What is it about?

    The PROSPECT learning programme enables peer-to-peer learning in regional and local authorities in order to finance and implement their sustainable energy and climate action plans. The programme builds upon innovative financing schemes that use non-traditional ways of raising funds and facilitating sustainable energy by mixing different sources (own fund, public and private funds) or engaging different partners (e.g. citizens, private sector) outside of established financial institutions (e.g. banks). It will help local and regional authorities to benefit from the lessons learnt and the experience of their peers in order to launch their own investment programme.

    How is it organised?

    PROSPECT aims to encourage the exchange of knowledge and experience on innovative financing schemes used to implement sustainable energy and climate plans, especially within the framework of the Covenant of Mayors. Through peer mentoring activities and study visits, cities and regions learn how to finance the energy transition from the ones who understand it the most: their peers!

    Thematic learning modules

    Innovative financing schemes include energy performance contracting, third party financing, revolving funds, soft loans, green bonds, guarantee funds, and citizen finance, such as cooperatives and crowdfunding. These schemes are organised in five thematic learning modules:

    Public Buildings

    Covers buildings and facilities owned, managed, or controlled by public authorities. Facilities refer to energy consuming entities that are not buildings, such as wastewater treatment plants.

    Private Buildings

    Covers buildings owned, managed, or controlled by private individuals or corporations. These refer primarily to the tertiary sector (services), such as private companies, banks, commercial, and retail activities, hospitals, etc. and residential buildings, including social housing.


    Covers the provision of and management of mass transit systems by public authorities, as well as private transport.

    Public Lighting

    Covers the provision of public lighting (e.g. street lighting and traffic lights) owned or operated by public authorities. Non-municipal public lighting is under private buildings.

    Cross Sectoral

    Covers all those interventions falling under two or more thematic areas; climate change adaptation; local electricity production e.g. wind power, hydroelectric power, photovoltaic; and local heat/cold production e.g. combined heat and power and district heating plant.

    The programme has three learning cycles starting in May 2018, September 2018 and March 2019.


    Who can participate in the programme?

    Eurpean cities, regions and any other types of territorial public authorities (e.g. provinces, metropoles, etc.) and their agencies and municipal companies (e.g. energy agencies, local energy and transport companies, etc.), as well as public energy sector companies (public ESCOs) are welcome to join as mentors or mentees.

    What does it entail for me?

    Depending on background you are welcome to register either a mentor or a mentee. Specific descriptions as well as guiding materials are available on the project website

    How can I participate? 

    Sign up soon for the third learning cycle.

    Role of IHS

    IHS leads the development and implementation of the PROSPECT learning program that covers five modules (private buildings, public buildings, public lighting, transport – both public and private, and cross-sectional). HIS is also responsible for creating a sustainability strategy for a coherent and effective action plan for further exploitation of the project’s main outcomes and for keeping alive the communication channels between the city-network members. IHS is also the legal and financial coordinator of the project. 

    Project consortium

    IHS project leaders

    Stelios Grafakos

    Elena Marie Enseñado 

    The PROSPECT project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 752126.