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Transcript of © European Bank for Reconstruction and Development 2011 | EBRD Financing for Sustainable Energy...
© European Bank for Reconstruction and Development 2011 | www.ebrd.com
EBRD Financing for Sustainable EBRD Financing for Sustainable
Energy InvestmentsEnergy Investments
Remon ZakariaBusiness Development Manager
Energy Efficiency and Climate Change
European Bank for Reconstruction and Development (EBRD)
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 CO2-eq per year (~ 14% of CA emissions) and 49.5
million toe per year (~ 35 % of CA primary energy production)
Central Asia, €119 , 5% Central Europe
and Baltics, €291 , 13%
Eastern Europe and Caucasus, €
407 , 18%
Regional, € 156 , 7%
Russia, € 337 , 15%
South-Eastern Europe, € 535 ,
23%
Turkey, € 443 , 19%
EBRD SEI 2012 ABV (EUR 2.3 billion) Geographical distribution
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SEI Operational StrategyA Successful Holistic Approach
Working with
governments to support
development of strong
institutional and
regulatory frameworks
that incentivise
sustainable energy
Working with
governments to support
development of strong
institutional and
regulatory frameworks
that incentivise
sustainable energyTechnical assistance
to overcome barriers:
market analysis, energy
audits, training,
awareness raising; grant
co-financing to provide
appropriate incentives
and address affordability
constraints
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
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
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?
Assist Industrial, Commercial and Agribusiness (ICA) Clients with identification of investment opportunities identification of investment opportunities related to sustainable energy and resource efficiency (REI) including in the built environment
Provide technical assistance 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 Donor-funded contract
Credit line Grant incentives
Grant incentivesSub-loans
Technical support(project assessment)
Technical support(project verification)
Support
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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 Incentives between 10 to 30% 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.
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Remon ZakariaRemon Zakaria
Business Development Manager, Business Development Manager,
Energy Efficiency and Climate ChangeEnergy Efficiency and Climate Change
For more information contact:For more information contact:
Aleksandar Hadzhiivanov Aleksandar Hadzhiivanov
PrincipalPrincipal Manager Manager
Energy Efficiency & Climate ChangeEnergy Efficiency & Climate Change