Sustainable Energy and Carbon Finance Facility (SECFF), Russian Federation
As of: December 2019
Objective and activities
This project supported the finance facility ‘Sustainable Energy and Carbon Market’ set up by the European Bank for Reconstruction and Development (EBRD). Through this facility, the EBRD provided financing to local partner banks for credit lines for energy efficient measures. The project also carried out capacity-building in order to increase awareness for investment in energy efficient measures among participating banks and potential borrowers. Bank personnel was able to acquire competencies in risk assessment and the allocation of sustainable energy loans. Potential borrowers received support in identifying opportunities for energy conservation in their businesses.
State of implementation/results
- Project completed
- The EBRD has refinanced four local banks in the area of energy efficiency.
- The local banks have financed a diverse portfolio of energy efficiency projects in the target region.
- More than 100 bank employees in the target region have received training in energy efficiency.