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



Project results

  • Energy Efficiency Reduces Energy Costs by 45 %
  • A reduction in operation and maintenance costs by €3,500-12,000 annually
  • Productivity increase
  • Annual Carbon Emission Reduction (range from to) 28-48 tons


Project results

  • Annual Carbon Emission Reduction 8,100 tons
  • Energy Efficiency Reduces Energy Costs by 12.6 %
  • Reduced electricity costs