Interested in financing your project

 Thanks to the BEERECL, a credit facility offered by the European Bank for Reconstruction and Development (EBRD), the Bulgarian Government and the European Union, eligible businesses were offered the support they needed to make energy efficiency or renewable energy investments. Interested businesses were asked to contact the technical assistance consultant to show them how to lower their operating costs and enhance their competitive position – whilst contributing to reduce energy consumption or increase production of sustainable, secure and reliable energy in Bulgaria. The technical assistance consultant supported businesses by carrying out energy assessments and helping develop business plans for their sustainable energy projects – at not cost to the business.


What types of projects are eligible?


Energy efficiency
  • Rehabilitation and/or replacement of old boilers
  • Fuel switching
  • Heat and steam recovery
  • Upgrade/replacement of equipment
  • Process optimization, enhanced controls and automation systems
  • On-site co-generation of heat and electricity 


Renewable energy
  • Wind
  • Run-of-river hydro
  • Biomass
  • Geothermal
  • Solar
  • Biogas
What are the benefits of energy efficiency projects?
  • Grant of up to 15% of the loan amount
  • Reduces electricity costs
  • Reduces production costs
  • Improves your competitiveness and profitability 


What are the benefits of renewable energy projects?
  • Grant of up to 20% of loan amount
  • Constant revenues for the company
  • Operating in a growing business sector


Participating Banks

Businesses were asked to contact the BEERECL office at 02 9880052 or
or one of the participating banks:

  • Allianz Bank Bulgaria -
  • DSK Bank -
  • Raiffeisenbank (Bulgaria) -
  • Eurobank EFG Bulgaria (Postbank) -
  • Piraeus Bank Bulgaria -
  • UniCredit Bulbank -
  • United Bulgarian Bank -
  • Unionbank -