Interested in financing your energy efficiency or renewable energy project

 

Thanks to BEERECL, a credit facility offered by the European Bank for Reconstruction and Development (EBRD), the Bulgarian Government and the European Union, your company may now be eligible for the support you need to make an investment in energy efficiency or renewable energy. Please contact us and we’ll show you how you can lower your operating costs and enhance your competitive position – whilst at the same time contribute to reduce energy consumption or increase production of sustainable, secure and reliable energy in Bulgaria. We can also support you by carry out an energy audit and help you develop a business plan for your project – free of charge.

 

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Currently the BEERECL is being extended until mid-2013. The formal approval from EBRD is pending and is expected by September 2011
The package you get:
  1. Loans up to EUR 2.5 million
  2. Incentive grants up to 15%
  3. Free consulting services

Our Success to Date

  • 150 sustainable projects have been implemented using BEERECL loans totalling over €104 million
  • Over €18 million grants are awarded to borrowers on completion of their projects
  • Total investments are forecasted to provide a net benefit of over € 140 million to borrowing firms

 

SECTOR: MANUFACTURING

Project results

  • Energy costs reduced by 55.4% or € 10,000 per year
  • A reduction in operation and maintenance costs by €20,000 annually
  • Productivity increase
  • A reduction of emissions by 710 tonnes of CO2 from 2008 through 2012

SECTOR: INDUSTRIAL PRODUCTION

Project results

  • Energy costs reduced by 63.9% or €68,000 per year
  • Decreasing heavy fuel costs by € 2,026, 748 per year
  • Overall costs savings of € 1,4 million per year
  • A reduction of emissions by 115,000 tonnes of CO2 from 2008 through 2012