EU/EBRD
Energy Efficiency Finance Facility - EUEEFF

Individual projects carried out by private entities can be of any size up to a maximum credit line of up EUR 2.5 Million.

Multiple loans to the same borrower for different projects are possible but the aggregate total amount of the loans extended by the Participating bank to the same borrower should not exceed EUR 2.5 million.

Projects must be on the energy demand side and contribute to improvements in energy performance of the industry sector (minimum energy savings) and the internal rate of return of not less than 10% unless otherwise agreed with the banks.

 

Incentive Payments

15% completion fee after successful completion of projects. So in practice borrowers repay only 85% of the principal amount of the loan they receive under the Facility..

The Completion Fee is calculated as 15% of the lower of:

• The total principal amount of the loan drawn down by the borrower; or
• The total investment cost of the project exclusive of VAT;

 

The Completion Fee is payable directly to the borrower after the completed project is verified.

 

Eligibility criteria of the project that could be financed under the EU/EBRD EEFF:

1. Investments on the energy demand side contributing to the improvement of the energy performance of the industry sector, which comply with the minimum energy savings of 20%
2. The investment cost of an eligible investment is limited to EUR 2.5 million. This is the also the upper limit that an individual borrower can receive (even as a sum of smaller energy efficiency projects of the same borrower)
3. A project may only benefit from one EC grant payable to the borrower for a certain project. (that’s why the borrower signs a Waiver letter before proceeding to application procedures)

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