Poland—Polish Sustainable Energy Financing Facility (PolSEFF)

Client: European Bank for Reconstruction and Development

Duration: 2010-2017

Region: Eastern Europe and Central Asia

Country: Poland

Solutions: Economic Growth Environment and Energy

We are creating a perpetual market for investments in efficient energy by Poland’s local businesses by training financial institutions on how to appraise and finance sensible energy projects; detailing for small and medium-sized enterprises (SMEs) the competitive advantages of investing in energy-efficient materials and equipment; and training local experts to assist SMEs in identifying and preparing technically feasible, bankable projects. Following the success of the first phase of the program, PolSEFF II provides a new energy efficiency credit line through local participating financial institutions. The facility will provide up to a €200 million credit line, following the previous phase’s €180 million disbursal, through a framework to commercial banks and leasing companies in Poland for on-lending to small and medium enterprises to finance investments in energy efficiency and small-scale renewable energy. This work will help build lasting capacity for this type of finance in Poland, which is presently highly reliant on foreign energy.

Sample Activities

  • Assess the financial case for financing proposed efficient energy projects.
  • Help borrowers compile the data required for the assessment.
  • Make on-site recommendations of suitable projects.
  • Implement strategic marketing—including the use of case studies—to promote the Facility to the Ministry of Economy, banks, business associations, and others.
  • Develop the Facility website.
  • Promote this financing solution with suppliers of efficient energy equipment so they can sell it to potential customers.
  • Ensure transfer of skills to financial institutions, local engineers, and SMEs in order to sustain the efficient energy market in Poland.

Select Results

  • Phase I established partnerships with five major financial institutions, which financed 2,012 efficient-energy projects from more than 1,900 small firms; trained 200 staff of financial institutions on how to responsibly finance projects; and developed a website and equipment with a database of more than 700 registered companies and 7,000 eligible products.
  • Honored with the Financing Deal of the Year award at the 2016 Central and Eastern European (CEE) Clean Energy Awards.
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