Bulgaria Energy Efficiency and Renewable Energy Credit Line
€155 million credit line facility from the EBRD to participating financial institutions (PFIs) in Bulgaria for on-lending to businesses investing in energy efficiency and renewable energy projects.
Overall, the facility’s investments in projects have contributed to saving more than 709,600 kg of CO2 emissions per year.
Loans were provided by 8 partner financial institutions: Allianz, DSK, Eurobank, Piraeus, Raiffeisen, UBB, UCB, Unionbank.
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.