Climate Protection Loan Programmes for Energy-Efficient Investments for SMEs and for Housing Modernisation by the Banking Sector in the Russian Federation
As of: September 2021
The Energy Efficiency Loan Programme was an innovative credit product introduced and mainstreamed in the Russian banking sector. Selected partner banks financed investments in small and medium-sized enterprises and private households with the aim of achieving energy savings of at least 20%.
State of implementation/results
- Project completed
- Total project volume: € 42,250,000 (low-interest loans including accompanying measure)
- KfW has concluded long-term energy efficiency credit lines with the Russian Spurt Bank.
- Spurt Bank has so far paid out USD 38.8 million in loans for 250 energy efficiency projects.
- Average energy savings achieved by the projects: 33%; potential for reducing CO2 emissions: 1,500 tpa
- The loans are used primarily to improve the energy efficiency of production plants and offices, and to modernise plant and equipment in small and medium-sized enterprises.