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European Bank for Reconstruction and Development

Record participation at SDH 2018 in Graz

Submitted by Baerbel Epp on May 3, 2018
Photo: Climate and Energy FundThe 5th International Solar District Heating Conference, which took place in Graz, Austria, in mid-April, brought together 350 experts from 33 countries. It had twice as many attendees as the previous one in Billund, Denmark, in 2016 and attracted representatives from several development banks, such as the German KfW, the London-based European Bank for Reconstruction and Development and the World Bank via its group member International Finance Corporation, or IFC. The photo shows the conference’s supporters and its three organisers, namely Christian Fink (second from left), Austrian research institute AEE INTEC; Thomas Pauschinger (fifth from left in the back), German research institute Solites; and  Werner Lutsch, Managing Director of the German Heat & Power Association, or AGFW for short (second from right). 
Photo: Climate and Energy Fund

Armenia: Green Leasing Programme to Fund Solar Water Heaters at Hotels

Submitted by Baerbel Epp on May 16, 2016
Tufenkian Hotel 1Armenia, a small country in South Caucasus, is home to an innovative financing scheme for solar thermal systems and other energy efficiency measures. In 2014, Armenian ACBA Leasing launched the Green Leasing programme for small and medium enterprises from any industry. According to an article published on 24 March 2016 on Armenian news website, Green Leasing had already helped fund several solar thermal systems for different customers, such as seven hotels, four catering businesses and more than 20 service companies. One of the most well-known customers was the Tufenkian Hotel in Yerevan, Armenia’s capital: The roof installation of 1,140 vacuum tubes was done in December last year (see photo). 
Photo: Shtigen

Bulgarian Fund Gives Boost to Solar Thermal

Submitted by Baerbel Epp on March 21, 2014
Bulgaria KindergartenWhy is it that, although climate conditions in Bulgaria are favourable, you don’t see a lot of solar collectors on Bulgarian roofs? “The reason is simple,” Dimitar Doukov, Executive Director of the Energy Efficiency and Renewable Sources Fund (EERSF), says. “A lack of state subsidies, because Bulgarian homeowners can only apply for soft loans from the European Bank for Reconstruction and Development (EBRD).” Residential homeowners wouldn´t apply for an EERSF loan to invest only in a solar water heater, because the EERSF loans range from Bulgarian Lev (BGN) 30,000 to BGN 3 million. But an increasing number of hospitals and nurseries are equipped with solar collectors thanks to the fund’s activities. The photos show a nursery in the city of Burgas before and after renovation.
Photo: Municipality of Burgas

Kazakhstan Railways Goes on a Sunny Journey

Submitted by Baerbel Epp on December 24, 2013
Not much is known in the world about the country of Kazakhstan other than that it was once part of the empire of Genghis Khan and is one of the nations with the most fossil fuel reserves in the world today. Maybe that´s why it is also the country with the highest greenhouse gas emissions in Central Asia. To help lower these emissions, the European Bank for Reconstruction and Development (EBRD) granted the national railway company Kazakhstan Temir Zholy (KTZ) a USD 40 million loan in mid-December 2013 to support the company’s “drive to radically improve energy efficiency across its operations”. With the loan, KTZ intends to install energy-reducing technologies, such as LED lighting, solar water heaters and heat pumps, in more than 100 stations and depots. The photo shows Kazakh President Nursultan Nazarbayev, who approved a green economy transition concept for his country in May 2013.
Photo: Wikipedia 

Western Balkans Sustainable Energy Fund Supports Biomass instead of Solar Thermal

Submitted by Baerbel Epp on August 27, 2013

Since Croatia joined the European Union (EU) in July 2013, the number of non-EU members in Southeast Europe has shrunk yet again. What’s more: The remaining countries are on their way to becoming part of the EU as well, which has them vowing to renew their energy systems and make them more efficient. The photo shows an installation in Croatia, at which a PV module supplies the electricity needed for the pump of the solar system.
Photo: Sunce i partneri

Bulgaria: “People now know that solar thermal can help them avoid high energy bills”

Submitted by Baerbel Epp on June 3, 2013

“Bulgaria has a new government and in my opinion, energy efficiency and sustainable technology should be its top priority,” Bulgaria’s President Rosen Plevneliev said after a meeting with Connie Hedegaard, European Commissioner for Climate Action, in Sofia at the end of May. At the same time, the Inter Expo Center Sofia opened its doors for the ninth South-East European Exhibition and Congress on Energy Efficiency and Renewable Energy, at which companies from ten countries presented innovative green energy solutions. Vacuum tube collector producer Sunrain Solar Energy was the only Chinese company at the fair.
Photo: Frank Stier

Bulgaria: EU Funds to Boost Energy Efficiency and Solar Thermal Energy

Submitted by Baerbel Epp on May 9, 2012
In terms of solar heating and cooling, the Bulgarian government is planning to increase the number of energy efficiency measures and renewable energy projects not only for residential buildings, but also for small and medium enterprises. Two new incentive programmes have been presented over the last weeks by Lilyana Pavlova, Minister of Regional Development and Public Works, and Delyan Dobrev, newly appointed Minister of Economy, Energy and Tourism.

Moldova: Moldenergy 2012 – Where Energy Experts Meet

Submitted by Baerbel Epp on April 13, 2012

 Moldenergy 2012 The only event for the solar market in the Republic of Moldova is Moldenergy, the International Specialized Exhibition for power-saving technologies, gas, heating and air conditioning systems. The four-day event took place in the middle of this March for the 16th year in a row. It has brought together 67 companies from Moldova, Romania, Turkey, Ukraine and Bulgaria and has been visited by 11,300 people - a considerable increase from last year’s event, at which 50 companies and 10,000 visitors were present.

Bulgaria: Great Demand for Solar Thermal Credit Funds

Submitted by Baerbel Epp on February 21, 2012

 REECL Logo On the state level, Bulgaria is lagging behind in making use of the funds provided by the EU. Only Romania ranks worse in the comparison of EU member states. But how are things going for the Bulgarian population – do they fare better than their authorities in utilising the available EU funds to improve energy efficiency in their homes? spoke with Bulgarian bankers about their experience when it comes to supporting Bulgarian home owners with loans and grants for energy-efficient measures. The scheme supporting solar thermal systems in residential buildings is the Bulgarian Residential Energy Efficiency Credit Line (REECL). Small-size commercial projects are financed by the Bulgarian Energy Efficiency and Renewable Energy Credit Line (BEERECL).

Bulgaria: Renewable Energy Act Removes Bureaucratic Hurdles on Solar Installations

Submitted by Baerbel Epp on January 31, 2012

 Solar Thermal Installation in the Village of Lozen, Bulgaria In May 2011, the Bulgarian government published its new Renewable Energy Act, with considerably less favourable conditions for investors in wind farm and photovoltaic projects. However, it removed some hurdles for installing solar collector systems on residential housing by eliminating construction permits for solar water heater installations. has asked some solar thermal system providers if this new requirement supported market development. The photo shows a solar thermal installation in the village of Lozen in the south-west of Bulgaria.
Photo: Frank Stier


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