EBRD provides long-term support for green investments


December 7, 2015





December 7, 2015




Businesses in 23 countries, including Bosnia and Herzegovina, Bulgaria, Croatia, Macedonia, Kosovo*, Romania, Serbia, Slovenia and Turkey, benefit from Sustainable Energy Finance Facilities (SEFFs), said the European Bank for Reconstruction and Development, which initiated the programme. It extends credit lines to local financial institutions for on-lending to their clients from the industrial, commercial, residential and municipal sectors for investments in energy efficiency and small-scale renewable energy projects.

The goal is to help countries where EBRD invests to improve energy balance and avoid greenhouse gas emissions by reducing inefficiencies and diversifying energy supplies, according to a presentation on its website. “A surprising number of sustainable energy investment opportunities are not recognized as an investment priority,” said Terry McCallion, the bank’s head for energy efficiency and climate change. “The expertise provided through our SEFFs helps identify such projects and evaluate their technical and financial potential, thereby increasing the likelihood of them being financed.”

Recognising that investing in the sustainable use of energy and other resources often represents a new area of activity, the combination of dedicated financing for admissible investments and direct support in building capacity to address market barriers has proven to be the key to successful deployment, the report adds. EBRD operates SEFFs through a network of more than 100 local financial institutions (banks, microfinance institutions and leasing companies), providing EUR 500 million in credit lines for sustainable energy projects per year, according to the press release.

Of the total number of 95,000 projects financed through SEFFs, 94% were in the residential sector. In terms of finance, however, industry and commerce received 86% of all disbursed funds, with the residential sector accounting for 11% and the municipal sector for 3%. Each EUR 1 billion of investment avoids the equivalent of carbon dioxide emissions of 2.5 million tonnes each year, the bank said.

* This designation is without prejudice to positions on status and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.

Related Articles

Romania renewables statistically attributed Netherlands

Romania’s renewables can statistically be attributed to Netherlands

28 June 2022 - The EU enables countries to pay other member states to formally make up for shortfalls in achieving own green energy targets


EU faces challenges in delivering on ambitious offshore wind target

28 June 2022 - The ambitious target could prove challenging due to expected shortages of specialized offshore wind installation vessels


NASA sets out to develop nuclear power plant on the Moon

28 June 2022 - Success in building such power systems would pave the way for long-term missions on the Moon and Mars, NASA said

EU energy ministers targets renewables energy efficiency

EU energy ministers aiming at more ambitious renewables, energy efficiency targets

28 June 2022 - The Council of the EU wants to boost the renewables and energy savings targets via the Fit-for-55 package, which depends on upcoming talks