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Detail – Energy Country Profile

EBRD supporting sustainable energy in Slovak Republic

The EBRD is deepening its support for sustainable energy investments in the Slovak Republic with a €20m loan to Slovenska Sporitelna, one of the country’s leading banks. The funds will be on-lent to private companies for renewable energy projects and energy efficiency in industry and buildings.

Despite significant improvements in energy and greenhouse gas (GHG) intensity over the last decade, the potential to improve energy efficiency and further decarbonise the Slovak economy remains high. SlovSEFF III will seek to reduce greenhouse gas emissions and rewards the best performing projects in this respect by linking incentive payment with the GHG emission reduction potential of projects.

Source: EBRD press release  13 June 2014