Introduction and Framework

The Energy Efficiency and Green Economy Programme (the “programme”) is a joint initiative between the Bulgarian Ministry of Economy, Energy and Tourism (MoEET) and the European Bank of Reconstruction and Development (EBRD) to promote sustainable energy solutions for SMEs.

The objectives of the programme are to:

  • Improve the efficiency and productivity of environmentally friendly technologies utilised by SMEs.
  • Reduce the energy intensity and adverse environmental impacts by promoting environmentally friendly, low-waste and energy saving production technologies.

Case Studies

SMEs can submit both Energy Efficiency and Renewable Energy projects.

Loan Financing

The loan financing component is provided by EBRD through local commercial banks (Participating Banks or PBs) under the Bulgaria Energy Efficiency Competitive Industry Finance Facility.

Grant Financing

The grant funding in this Programme is provided by the Managing Authority (MA) and is financed with funds from the OP Competitiveness. The Managing Authority is responsible for the final approval of the grant applications and it also contracts the grant agreements with the approved applicants.