Moldovan Sustainable Energy Financing Facility (MoSEFF)
€42 million credit line facility from the EBRD to participating financial institutions (PFIs) in Moldova for on-lending to businesses seeking to invest in energy efficiency and renewable energy projects.
Overall, the facility’s investments in projects have contributed to saving more than 323 million kWh of energy and more than 60,700 tonnes of CO2 emissions per year.
Loans were provided by 5 partner financial institutions: MICB, MAIB, Mobias Banca, BCR, PCB.
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.
The advisory services and investment incentives were funded by the European Union(EU).