The European Bank for Reconstruction and Development (EBRD) has approved a 15-million-euro loan Banca Intesa for financing green economy projects. This money is intended for financing projects that promote energy efficiency of Serbian companies and municipalities.
This credit line is part of the EBRD initiative “Transition to the Green Economy”. Since 2006, the EBRD has secured over 26 billion euro for projects that promote the transition to the green economy in 38 countries.
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“The 15-mln-euro loan granted to Banca Intesa is intended for investments in energy efficiency and small renewable energy projects. Companies, public utilities and municipalities now have an easier access to “green financing”. The said bank loan is available to companies and municipalities that want to invest in improving energy efficiency. This can be, for example, investments in more economical lighting, new production equipment, building insulation and installation of solar panels and biomass boilers”, the EBRD says in its press release.
The loan is granted as a part of the second stage of the Western Balkans Sustainable Energy Financing Facility (WeBSEFF II), a programme that provides credit lines to partner banks in the Western Balkans for on-lending to businesses and municipalities keen to invest in energy efficiency and small-scale renewable energy projects.
The EBRD is the leading institutional investor in Serbia. The Bank has invested 4.7 billion euro across some 200 projects in the country to date. In 2017 alone, the Bank provided over 380 million euro to more than 20 projects across various sectors of the Serbian economy.
(Vecernje Novosti, 24.10.2018)
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