Municipal Energy Efficiency Financing Facility (MFFEE)

• €4.6 million credit line facility from the EBRD to participating financial institutions in Hungary for on-lending to municipalities, publicly or privately owned entities providing municipal services and Energy Service Companies (ESCOs) in co-operation with one or more municipalities investing in energy efficiency and renewable energy  in municipal infrastructure, buildings and small scale renewable energy.
• Overall, the facility’s investments in projects have contributed to saving more than 8.7 million kWh of energy and more than 2.6 million kg of CO2 emissions per year.
• Loans were provided by two partner financial institutions: Erste Bank Hungary and Raiffeisen Bank Hungary.
• 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 services and investment incentives were funded by the European Union (EU).