The loan is part of a EUR60 million financing the EBRD will provide via the Romanian SME Sustainable Energy Financial Facility (RoSEFF) to fund sustainable energy investments.
The implementation of RoSEFF is supported by planned EUR12.05 million grant financing from the EU. This funding will be used to support undertaken investment projects through technical assistance and reimbursement grants.
“The EBRD has been a strong supporter of energy efficiency investments in Romania and we are delighted to launch this new facility that will be focused exclusively on the needs of small and medium companies. It will further increase the financial intermediation in Romania at a time when access to commercial funding remains limited and will help the Romanian economy reduce its energy intensity”, said Claudia Pendred, EBRD Director for Romania.
Since the beginning of its operations in Romania, the EBRD has committed over EUR5 billion in various sectors of the country’s economy and mobilized additional investments in excess of EUR8 billion from other sources.