Case Studies > Promoting energy saving and efficiency in Poland
Promoting energy saving and efficiency in Poland
The EBRD has launched its second Polish Sustainable Energy Financing Facility (PolSEFF II) with a volume of €200 million for on-lending to small and medium-sized enterprises (SMEs). The loans will be used to replace or upgrade heating, cooling, electrical and related systems in order to cut energy costs for SMEs and reduce carbon emissions.
The framework will be complemented by investment grants from the Polish National Fund for Environmental Protection and Water Management and technical cooperation provided by the European Commission. The Fund will also provide investment grants of up to PLN 60 million (€14.2 million equivalent) under its new programme “Improving energy efficiency: energy-saving investments in SMEs”.
PolSEFF II is implemented through Polish commercial banks that have a key role in reaching out to local SME clients. BNP Paribas Bank Polska SA will be the first bank to join the initiative.
To date, the EBRD – with financial support from the European Commission – has financed more than 2,000 energy efficiency projects in Polish SMEs worth over €190 million. This has resulted in total annual energy savings of 342 GWh and total CO2 reductions of 102,000 tonnes.