PUBLIC INVESTMENT DEVELOPMENT AGENCY

Their core work

VIPA is Lithuania's public investment development agency specializing in financial instruments and public financing mechanisms for energy efficiency. They design and deploy standardized citizen financing schemes — including crowdfunding and cooperative models — to mobilize private capital for building renovation and energy efficiency upgrades. Their core contribution to EU projects is real-world expertise in structuring public-private financial instruments that de-risk energy efficiency investments for both institutional and citizen investors.

What they specialise in

How they've shifted over time

VIPA's H2020 involvement began in 2016 with guarantEE, focused on performance guarantee mechanisms for energy efficiency. By 2019, their participation shifted toward more citizen-oriented and investment-focused instruments — CitizEE brought crowdfunding and cooperative financing models, while Triple-A introduced standardized assessment tools for de-risking investments. The trajectory shows a clear move from guarantor-side mechanisms toward democratizing energy efficiency finance through citizen participation and standardized investment evaluation.

VIPA is moving toward citizen-driven and standardized financing tools for energy efficiency, making them a strong partner for projects that need public finance expertise and real-world deployment of innovative financing models.

How they like to work

VIPA participates exclusively as a consortium partner, never as coordinator — consistent with their role as a public agency contributing domain expertise rather than leading research. With 33 unique partners across 17 countries in just 3 projects, they operate in large, diverse consortia typical of Coordination and Support Actions. This broad network suggests they are well-connected across European energy finance circles and comfortable working in multi-country policy and implementation environments.

Despite only 3 projects, VIPA has collaborated with 33 partners across 17 countries, reflecting the large consortium sizes typical of CSA projects. Their network spans a wide European geography, suggesting strong connections across national energy agencies and financial institutions.

What sets them apart

VIPA brings a rare combination: they are a public investment agency with hands-on experience in deploying financial instruments for energy efficiency at national scale. Unlike consultancies or research institutes, they actually manage public funds and implement financing schemes — meaning they can contribute real operational data and policy insight to consortia. For any project needing a partner who understands how public money flows into energy efficiency, VIPA is a credible choice from the Baltic region.

Highlights from their portfolio

• CitizEE
  Largest funding (EUR 102,325) and most distinctive topic — scaling citizen financing through crowdfunding and cooperatives for public energy efficiency.
• Triple-A
  Focused on creating standardized investment assessment tools and benchmarks, addressing a key barrier to scaling energy efficiency finance across Europe.