In Moldova, the EBRD Green Economy Financing Facility (GEFF) provides finance and advice to help businesses (SMEs and Corporates) become more competitive and households to reduce residential energy costs by investing in high-performance technologies and adopting energy and resource efficiency practices. The Facility in Moldova is a product of the European Bank for Reconstruction and Development (EBRD), supported by the Green Climate Fund (GCF) and the Turkish Ministry of Finance and Treasury.
How GEFF works
There are two basic approaches beneficiaries can choose from in order to benefit from GEFF financing:
Items on the Green Technology Selector are automatically eligible for financing under the GEFF credit line without the need for further technical approval. Equipment and technologies that are listed in the Green Technology Selector effectively minimize the use of energy, safeguard water and land resources and generate energy from renewable sources. To qualify to appear on the Technology Selector, items must meet or exceed high technical performance standards [hyperlink] defined by GEFF engineers and set by the EBRD as minimum eligibility criteria for GEFF.
Eligible technologies include among others refrigerators and freezers; air conditioners; LED lighting; gas boilers; biomass boilers; hot water cylinders; windows and doors; building insulation materials; heat pumps; solar collectors; solar PV; energy metering and control systems; and water-saving systems and technologies.
Some green investments can benefit from specific solutions that are not obvious or available under the simple “pre-approved” approach described above. In these cases, the EBRD provides free expert advice to help identify the best solutions and ensure that the most appropriate green technologies and services are financed.
To use GEFF, you may either