The European Bank for Reconstruction and Development (EBRD) is considering a €150mn (US$185.8mn) loan to Polish banks to stimulate small-scale renewable energy investments.
The loan will be offered to Polish banks, leasing companies and other credit institutions, who will then on-lend to small and medium sized enterprises (SMEs) in the country to develop effective energy efficiency projects.
Potential applicants for the EBRD loan will be chosen on whether they can provide extensive outreach to Poland’s SMEs as well as demonstrate the institutional capacity and commitment to successfully establish a business in energy efficiency financing as a key priority area.
The approval for the loan will be decided by the EBRD’s board on July 20, this year.
Last Updated June 21, 2010
Reader Comments