2 EBRD’s SEI Investments: Sectoral and Regional Distribution Launched in 2006 to mainstream renewable energy and energy efficiency in EBRD’s operations. Its achievements from 2006 to 2012 were: - €11.1 billion invested, for total project value of €61 billion in 602 projects in 31 countries; - Annual savings of 55 million tonnes CO 2-eq per year (~ 14% of CA emissions) and 49.5 million toe per year (~ 35 % of CA primary energy production)
3 SEI Operational Strategy A Successful Holistic Approach Working with governments to support development of strong institutional and regulatory frameworks that incentivise sustainable energy Technical assistance to overcome barriers: market analysis, energy audits, training, awareness raising; grant co-financing to provide appropriate incentives and address affordability constraints Projects with numerous clients, public and private, with a range of financing instruments Via these three parallel activities SEI accounted for 26% of EBRD’s Annual Business Volume in 2012
4 Financing Sustainable Energy Investments Direct EBRD lending to Corporate and Municipal Clients Sustainable Energy Financing Facilities: On-lending through Partner Financial Institutions Co-Financing with the private financial sector, public sources such as multilateral donor funds and other IFIs
5 Direct EBRD Lending to Corporate Clients: what do we do? identification of investment opportunities Assist Industrial, Commercial and Agribusiness (ICA) Clients with identification of investment opportunities related to sustainable energy and resource efficiency (REI) including in the built environment technical assistance Provide technical assistance including: Energy and water audits, feasibility studies, technical assessments, cost-benefit analysis of Energy Efficiency (EE) measures and specific REI opportunities; Review of technical design and procurement documentation; Corporate policies support, capacity building on specific aspects (e.g. ISO 50001 Energy Management); International Sustainability Certification; Comparison with national and international energy and water benchmarks; Assessment of market penetration rates of specific advanced technologies; Lender supervision assistance; Investment incentives under the Energy Efficiency Management System Program
6 Sustainable Energy Financing Facilities (SEFFs) Structure SEFFs are effective in reaching a wide range of industrial and residential clients SEFFs are effective in supporting commercial banks in providing finance in new areas such as residential energy efficiency and small scale renewables Verification Consultant Commercial banks Sub-borrowers EBRD Project Consultant Donor-funded contract Credit line Grant incentives Sub-loans Technical support (project assessment) Technical support (project verification) Support
8 KyrSEFF – EU funded project planned to be launched in Q2 2013 USD 20 M facility, approved in December 2012 by the EBRD Board; Dedicated EE credit line promoting improvements in private housing sector as well as SME/industries/renewables with max sub-loan size up to USD 1.0 M; Eligible are individual home owners/associations/private HMCs, housing cooperatives, ESCO and service providers refurbishing the premises on behalf of the residents; The project combined Policy dialogue, Technical Assistance, Financing and grant support; Incentives 10 to 30% Incentives between 10 to 30% from the principal sub-loan amount specifically for energy efficiency projects including technologies with performance indicators exceeding the level of national regulation and depending on complexity of the projects.
9 Remon Zakaria Business Development Manager, Energy Efficiency and Climate Change firstname.lastname@example.org For more information contact: Aleksandar Hadzhiivanov Principal Manager Energy Efficiency & Climate Change email@example.com