EBRD launches new sustainable energy program in Poland

The European Bank for Reconstruction and Development has announced the launch of the second Polish Sustainable Energy Financing Facility (PolSEFF2). The program will provide €200 million available to small and medium-sized enterprises via local banks. “The loans will finance investments to replace or upgrade heating, cooling, electric and related systems in order to lower companies’ energy bills and decrease carbon emissions,” the EBRD’s statement said. Polish authorities will complement the program with investment grants from the National Fund for Environmental Protection and Water Management (NFOSiGW) worth PLN 60 million. “Small and medium-sized businesses are the engine of our economy. Projects like PolSEFF are of paramount importance for the long-term energy sustainability in Poland and good for business,” said Grzegorz Zieliński, EBRD Director for Poland.