EBRD supports energy efficiency in Poland

The EBRD is promoting energy efficiency in Poland with a € 50 M loan to Bank BGZ and a € 35 M loan to Bank Millennium for on-lending to local small and medium enerprises (SMEs) undertaking sustainable energy investments.

The loans are part of the EBRD's € 150 million Poland Sustainable Energy Financing Facility (PolSEFF).

The proceeds of the EBRD loans will be used to finance eligible energy efficiency and small-scale renewable energy projects with up to € 1 M. Such investments include industrial energy efficiency improvements, energy efficiency and/or renewable energy measures in commercial buildings and small-scale renewable energy production. The project will help local SMEs improve their competitiveness and overall efficiency, and will contribute to reducing the Polish economy's energy intensity.

The EBRD loan is supported by a comprehensive technical assistance and grants programme, provided by the European Union that will support the banks in promoting financing for sustainable energy projects and help SMEs to identify and prioritise such projects.

Sources:
http://www.renewableenergymagazine.com
http://www.nieuwsbank.nl

 

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