The Bulgarian Energy Efficiency and Renewable Energy Credit Line (BEERECL) has been developed by the European Bank for Reconstruction and Development (EBRD) in 2004 in close co-operation with the Bulgarian Government and the European Union. The facility extends loans to participating banks for on-lending to private sector companies for industrial energy efficiency and small renewable projects.

The Bulgarian banks participating in the BEERECL include:

The BEERECL will help to significantly reduce emissions and will generate considerable amounts of tradable Green Certificates. The facility is also supported by the Kozloduy International Decommissioning Support Fund (KIDSF), which undertakes safety and decommissioning activities related to the closure of the Kozloduy nuclear power plant. The European Union, a number of member countries and Switzerland have contributed to the Fund that also promotes energy efficiency and renewable energy.

The EBRD contracted DAI Europe which in co-operation with EnCon Services, will provide consultancy services to project developers in preparing business plans (rational energy utilization plans), loan applications and implementation. The EBRD furthermore contracted ESBI as Independent Energy Expert, which will verify the project after completion, on whether it meets the objectives of the facility, which will be the basis for the decision to pay the project developer an incentive, being a percentage (15% for energy efficiency or 20% for renewable energy) of the loan given to the developer under the BEERECL facility.