The Warehouse for Energy Efficiency Loans (WHEEL) Feasibility Study: India, China, Brazil, UK, and the EU (2017)

AUTHOR: Elizabeth Bellis, EPC Counsel & Director of Finance Programs

DATE:January, 2017

TOPICS: energy efficiency

SUMMARY: The Warehouse for Energy Efficiency Loans (WHEEL) FEASIBILITY STUDY: INDIA, CHINA, BRAZIL, UK, AND THE EU. This Study explores the feasibility of replicating the WHEEL model in India, China, Brazil, UK, and the EU. We review key conditions that would be needed to replicate the WHEEL model in its narrow sense (e.g., unsecured loans to single-family homeowners with credit-score based underwriting and public credit enhancement). The WHEEL model used in the United States requires adaptation to meet the goals and conditions present in the countries described. Nonetheless, we find that energy loan securitization is feasible in each of the countries studied and in fact represents an important and necessary step in the transition to a clean energy economy.