During the official ceremony in Yerevan on 19th of February, the EBRD and its partners have awarded the best energy efficiency and renewable energy projects financed in Armenia through the EBRD Energocredit facility. The EBRD Energocredit facility, that was supported by the EU and the Government of Austria and is nearing its completion, provided funds to Armenian financial institutions for on-lending to private sector companies and to households. The Programme facilitated industrial and residential investments in green technologies enabling a more efficient use of energy in the country. Since the launch of Energocredit in 2013, Armenian companies received over €27 million in green financing through seven local banks – Ameriabank, ACBA Leasing CO, Inecobank, ACBA-Credit Agricole Bank, HSBC Bank Armenia, Armswissbank, SEF International. The awards ceremony recognised 6 best energy efficiency projects for their contribution to significant reductions of greenhouse gas emissions in Armenia. All Energocredit partner banks were also awarded during the ceremony for their continued commitment to financing green energy projects. The winners of the 2019 Energocredit Awards: Excellent Impact Award presented to:
Change Agent Award presented to:
Since the start of its operations in Armenia in 1992, the EBRD has invested €1.2 billion in 168 projects in the country’s financial, corporate, infrastructure and energy sectors, with 88 per cent of investments in the private sector. Since 2006, the EBRD has committed over €26 billion to projects supporting the transition to a green economy across the 38 economies where it currently invests.
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