The EBRD is lending €20.1 million to three Bulgarian banks – United Bulgaria Bank, Postbank and RZB Bulgaria – to help finance private individuals’ efforts to promote energy efficiency and renewable-energy projects. These loans are being provided under a framework that has been developed in conjunction with the Kozloduy International Decommissioning Support Fund and the Ministry of Energy and Energy Resources trough the Energy Efficiency Agency of Bulgaria. Funds from this framework will also be made available to other participating banks.
Raiffeisenbank ( Bulgaria ) EAD has received a EUR 10 mln loan from the EBRD to help finance private individuals’ efforts to promote energy efficiency and renewable energy projects. This will allow households to cut down energy consumption and costs. Individuals will use Raiffeisenbank loans to improve, for example, double-glazing, interior and exterior insulation, incl. roofs and floors, biomass stoves and boilers, solar water heaters, efficient gas boilers and heat pumps.
As energy prices in Bulgaria rise in line with international levels so does the interest in energy conservation. To help Bulgarian households reduce their energy bills and consumption, the Republic of Bulgaria through its Energy Efficiency Agency, the European Commission, and the European Bank for Reconstruction and Development (EBRD) has developed a new € 50 million Residential Energy Efficiency Credit (REECL) Facility that will help promote residential energy efficiency projects across Bulgaria.