Moldova Residential Energy Efficiency Financing Facility (MoREEFF)
€7 million credit line facility from the EBRD to participating financial institutions in Moldova for on-lending to individual households housing associations, housing management companies and housing cooperatives investing in energy efficiency and renewable energy in their homes.
Overall, the facility’s investments in projects have contributed to saving more than 17 million kWh of energy and more than 3,200 tonnes of CO2 emissions per year.
Loans were provided by 2partner financial institutions: Mobias Banca, and MICB.
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.
As part of the facility, the EBRD conducted policy dialogue with the local government and other public sector clients as well as private sector associations, aiming to shape the legal and regulatory environment to be more conducive to green investments.
Energy Savings
17,000 MWh per year
CO2 savings
3,200 tonnes of CO2
Areas of investment
Top three most frequently financed technologies:
Windows
Boilers
Insulation material
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