“The EBRD financing will be used to support SMEs with loans of up to EUR1 million for investments in (energy efficiency) projects,” the bank noted in a news release.
Energy efficiency projects unfolded by mayoralties, or private companies working with mayoralties, will be able to receive funding worth up to EUR5 million, according to the news release.
“The package includes an energy efficiency loan of up to EUR20 million for on-lending to SMEs under the Romanian SME Sustainable Energy Financing Facility (RoSEFF) and a credit line of up to EUR10 million under the EU/EBRD Municipal Finance Facility,” the news release added.