Caucasus Energy Efficiency Financing Facility

• $100 million credit line facility from the EBRD to participating financial institutions in Georgia, Armenia and Azerbaijan for on-lending to energy efficiency and renewable energy investments in residential and industrial sectors.
• Overall, the facility’s investments in projects have contributed to saving more than 2,790 kWh of energy per year and more than 580 tonnes of CO2 emissions per year.
• Loans in Azerbaijan provided via 3 partner financial institutions: AccessBank, DemirBank, MuganBank.
• Borrowers could select pre-approved technologies, such as insulation, boilers, solar PV, that meet the high energy efficiency standards from the online Technology Selector.
• Advisory services from experts were made available to borrowers and partner financial institutions and included energy assessments, training and marketing support. The advisory aims to support borrowers in selecting the best solutions and implementing their projects.
• The advisory package and investment incentives were funded by the donors, the European Union (EU) and the Austrian Ministry of Finance (BMF).