Energy Efficiency

BSTDB initiates first energy efficiency facility in Romania

Photo: Pixabay

Published

July 27, 2018

Country

Comments

0

Share

Published:

July 27, 2018

Country:

Comments:

0

Share

The Black Sea Trade and Development Bank (BSTDB) has secured a EUR 7 million revolving facility for Garanti Consumer Finance, a Romanian non-banking financial institution, to finance energy efficiency, renewable energy, and water-saving solutions in the Romanian residential housing sector, the BSTDB said in a press release.

The BSTDB’s first facility of the kind is expected to help improve energy efficiency in about 700 households of low energy class in Romania.

Dmitry Pankin, president of the BSTDB, said that improving energy efficiency is a key element of a modern energy policy.

“We are happy to partner with Garanti Consumer Finance to help cut CO2 emissions, improve energy performance and quality of life of Romanian households, and contribute to national energy and environmental goals,” said Pankin.

The BSTDB’s current portfolio in Romania includes 14 signed operations for the total amount of over EUR 216 million supporting SMEs, manufacturing, agribusiness, and other key sectors of the economy.

“Energy efficiency reduces energy costs and leads to financial savings for customers. It is our mission to support and stand by our clients, while creating added value to their lives. Garanti Consumer Finance, as all Garanti institutions, is a supporter of ambitious projects,” Bogdan Dobre, acting general manager of Garanti Consumer Finance said.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Austria ban gas boilers new buildings next year

Austria to ban gas boilers in new buildings in 2023

15 June 2022 - Austria is phasing out fossil fuels in heating, starting with a ban on the installation of gas boilers in new buildings from next year

MRE-GIZ-prosumers-project-june 2022

Germany’s GIZ to help Serbia make renewables available to everyone

09 June 2022 - Minister Zorana Mihajlović signed an agreement with GIZ on the Promotion of Renewable Energy and Energy Efficiency in Serbia

North Macedonia adopts National Energy and Climate Plan lorkowski

North Macedonia first in Western Balkans adopts National Energy and Climate Plan

02 June 2022 - The NECP covers the period from 2021 to 2030 and prescribes the path to achieve the goals set for 2030, the government said

GGF Rockstart seven green ventures Clim@ Scaler program

GGF, Rockstart select seven green ventures for their Clim@ Scaler program

24 May 2022 - Seven finalists were picked for Clim@ Scaler 2022, an accelerator program for scaleup ventures in the Green for Growth Fund's target regions