Climate Protection Loan Programmes for Energy-Efficient Investments for SMEs and for Housing Modernisation by the Banking Sector in the Russian Federation
As of: March 2019
Objective and activities
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.