Boosting green energy efficiency in Poland the EBRD is providing a €100 million loan to SG Equipment Leasing Polska (SGEL), a subsidiary of Société Générale S.A. SGEL a leading leasing company in Poland for equipment finance.
The funds will benefit privately owned small and medium-sized enterprises (SMEs) in Poland for their energy and resource efficiency investments, including renewable energy generation and water and waste management. Green projects will cover a broad spectrum of technologies such as thermal insulation, photovoltaic solar panels, geothermal heat pumps, water efficient irrigation systems and electric cars.
The loan comes under a special EBRD programme, the Green Economy Financing Facility (GEFF) for Leasing in Poland, which is part of the Bank’s Green Economy Transition approach. The Bank is a leader in working with private sector financial institutions, providing regional banks with finance for sustainability projects.
The GEFF programme provides green financing to SMEs and households through a network of more than 130 local financial institutions across 24 countries, supported by over €4 billion of EBRD funds since inception.
To date, the EBRD has invested more than €8.6 billion through 390 projects in Poland. In its work in the country, the Bank is focusing on the development of the local capital market, support of cross-border expansion of local companies, strengthening competitiveness and support for the green economy.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.