Client: European Bank for Reconstruction and Development
Region: Eastern Europe and Central Asia
Solutions: Environment and Energy
Poland is one of the most energy-intensive economies in Europe and the Polish government identified increased energy efficiency as one of its top priorities when developing the country’s long-term energy policy. The European Bank for Reconstruction and Development (ERBD) Polish Residential Energy Efficiency Financing Facility (Poland REFF) will address this goal through a program of targeted loans to incentivize borrowing for household improvements that increase efficiency and reduce energy consumption.
Over the course of the project, the ERBD will disperse €200 million through local banks in Poland to borrowers ranging from single family households to commercial residential developers and property owners. DAI, as a subcontractor to the Polish Foundation for Energy Efficiency (FEWE), will provide technical assistance to support the implementation of the facility.
Poland REFF builds on the success of the DAI-led Polish Sustainable Energy Financing Facility (PolSEFF), which provides similar energy efficiency financing to small and medium enterprises.
Promote the facility and support participating banks in their marketing efforts.
Develop tools to help prospective borrowers choose appropriate equipment and materials to purchase, such as a List of Recommended Sustainable Energy Technologies (LEME) and an energy savings calculator.
Maintain an advisory helpline for borrowers.
Provide capacity building on energy efficiency financing to participating banks.
A high degree of inefficiency and pollution are major challenges facing the Montenegrin energy sector, besides the necessity of general rehabilitation measures. The economic potential for investments in renewable energies and energy efficiency measures in Montenegro is high and—due to a lack of information, awareness, and financial means—far from being used to full capacity.Read More