The EBRD’s Green Finance Facility in North Macedonia (GFF Macedonia) is a credit line of up to € 30 million for financing SME investments in energy efficiency and renewable energy through partner Banks and Leasing Companies (GFF Partner Financial Institutions).
GFF supports SMEs in Macedonia finance high-performance renewable energy and energy efficiency equipment that reduce greenhouse gas emissions and pollution.
The Facility combines project investment finance though loans and leases with technical advice and services developed for SME business to understand, implement and benefit from high-performance, green energy technologies.
Upon successful verification of GFF investment projects, SMEs are eligible for a cash-back incentive of up to 5% for energy efficiency investments; and up to 10% for renewable energy investments or for combined renewable energy and energy efficiency investments. The cash-back incentive is financed by the Government of the Republic of North Macedonia and the Joint SDG Fund, via the United Nations Development Programme.
Partners
GFF Macedonia financing is channelled through the Facility’s Partner Financial Institutions (PFIs) who utilize the Facility to provide loans and financial leasing to eligible clients for investments into eligible projects.
The Facility compliments other credit lines.
Approach
GFF offers SME companies two different approaches, depending on their needs and proposed projects:
Standard approach
This is for projects where the investment is intended for standard equipment, which requires no additional eligibility assessment. Standard equipment includes technologies such as boilers, compressors, PV systems, tractors and more, that are found in the Green Technology Selector.
Investments in renewable energy and energy efficiency equipment listed in the EBRD’s List of Eligible Equipment (LET) may also be eligible for GFF financing without further assessment. To go to the LET, please click here
Complex approach
Renewable energy and energy efficiency projects that involve multiple, inter-connected technical solutions and energy saving measures, complex processes, complex EE and / or RE investments, or a combination of both. Complex projects must undergo an eligibility assessment, which is performed by the GFF project team at no cost to the SME.