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Raiffeisenbank Bulgaria

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? Solarthermalworld.org 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).

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