Sustainable Energy Finance Facility (RUSEFF), phase II
The project supported the EBRD to implement a successful Sustainable Energy Finance Facility (RuSEFF) in the Russian Federation. The Facility provided credit lines to 10 participating financial institutions (PFIs) for financing of energy efficiency projects in industry. In total 1,281 energy efficiency projects amounting to USD 284 million were disbursed. The Facility ensured that PFIs involved in the Facility became familiar in appraising and financing energy efficiency investments in industry, and that local engineers involved in the project team had the technical expertise to identify and prepare technically feasible and bankable projects. As a result, the Facility initiated a self-sustaining market for investments in energy efficiency projects in industry in the regions of the Russian Federation where the Facility was successfully implemented.