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Climate Protection Loan Programmes for Energy-Efficient Investments for SMEs and for Housing Modernisation by the Banking Sector in the Russian Federation

As of: November 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.

Project data

Russian Federation

Implementing organisation:
KfW Entwicklungsbank

Implementing partner(s):
  • Spurt Bank (Спурт Банк)

BMU grant:
1.972.331,92 €

04/2009  till  04/2016

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