For businesses interested in financing energy efficiency or renewable energy project

 

The European Bank for Reconstruction and Development (EBRD), the Bulgarian Government and the European Union offered the BEERECL credit facility from 2004 to early 2014. Bulgarian companies received financial support to invest in energy efficiency or renewable energy projects. The investments reduced the participating business’s operating costs and enhanced their competitive position – while contributing to reducing energy consumption or increasing production of sustainable, secure and reliable energy in Bulgaria. The programme supported interested businesses by offering energy audits and developing sustainable energy project business plans – free of charge.

 

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What's new

Visit the updated section with case studies of successful projects under BEERECL

Financing projects

Programme Success

  • 290 sustainable projects have been implemented using BEERECL loans totaling over €151,6 million
  • Over €24,4 million grants are awarded to borrowers on completion of their projects

 

SECTOR: HOTEL

Project results

  • Annual Carbon Emission Reduction 2,341 tons
  • Energy Efficiency Reduces Energy Costs by 76.26 %
  • Better environment for the staff and guests of the hotel

SECTOR: HOTEL

Project results

  • Thermal energy production of 255 MWh per year
  • The investment reduced the water heating energy costs by 92.9%
  • The solar panels replaced 13 electric water heaters