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March 31, 2023

EUR 20 M EBRD loan for energy saving investments via BCR

The European Bank for Reconstruction and Development (EBRD) is helping small and medium-sized enterprises (SMEs) in Romania improve their energy efficiency with a newly launched EUR 60 M programme to fund sustainable energy investments, a press release informs. EBRD is extending the first loan under Romanian SME Sustainable Energy Financial Facility (RoSEFF), worth EUR 20 M, to Banca Comerciala Romana (BCR).  Individual sub-loans are limited to EUR 1 M and thus the focus is on smaller-scale investments. Sub-borrowers undertaking energy efficiency investments will be reimbursed by up to 10 to 15 per cent of the sub-loan amount on the successful completion of the works. The size of the reimbursed grant will depend on the technology and the energy savings achieved as a result of the project.

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