In Romania, GEFF provides finance and advice to help households to reduce residential energy costs using high-performance technologies and practices.
EBRD loaned €100 million to local participating financial institutions (PFIs) for energy efficiency and small-scale renewable energy investments, of which:
GEFF is a flexible facility. PFIs could choose to use GEFF to finance household customers or business customers, meaning:
How GEFF works
There are two basic approaches:
Pre-approved technologies are eligible to be financed using GEFF without any further technical approval. All save energy, or save water, or use renewable energy. Items must meet or exceed high technical performance standards defined by GEFF engineers and set by EBRD as technical eligibility criteria for GEFF.
Eligible technologies for households include: Refrigerators and freezers; Air conditioners; LED lighting; Gas boilers; Biomass boilers; Hot water cylinders; Termopan windows and doors; Building insulation materials; Heat pumps; Solar collectors; Solar PV; Energy metering and control systems; and water-saving systems and technologies.
2. Assessed investments with free technical consultancy.
Some green investments too complicated for the simple ‘pre-approved’ approach described above. In these cases, EBRD provides free expert technical support to help identify the best solutions and ensure quality green economy projects are successfully financed.
The technical support is carried out by a local GEFF team from consultants Tractebel Engineering, working under contract to EBRD. The consultant also certifies that the investment proposal is technically eligible to be financed using GEFF.
If you have any questions, please do not hesitate to contact the GEFF Help Desk. at Tractebel Engineering in Bucharest.