Energy Efficiency GEF Project
Sector: Commercial • Location: Bulgaria
Source: World Bank Group
The Energy Efficiency Project for Bulgaria aims at supporting a large increase in Energy Efficiency (EE) investments in Bulgaria through development of self-sustaining, market-based financing mechanisms. The project has the following three components: Component 1) most commercial financiers in Bulgaria are reluctant to finance EE transactions due to their unfamiliarity with such projects and perce
- Status
- Closed
- Sector
- Commercial, Government
- Location
- Bulgaria
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | closed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Energy Efficiency Project for Bulgaria aims at supporting a large increase in Energy Efficiency (EE) investments in Bulgaria through development of self-sustaining, market-based financing mechanisms. The project has the following three components: Component 1) most commercial financiers in Bulgaria are reluctant to finance EE transactions due to their unfamiliarity with such projects and perceived weak client/project credit profiles. This facility will be used for credit enhancement purposes to share in the credit risk of EE finance transactions. Component 2) under this facility, sub-loans will be made on a commercial basis to creditworthy customers that will revolve with interest and principal payments into Bulgaria Energy Efficiency Fund (BEEF) for additional loans. Component 3) covers the following two broad areas: Capacity Building and Information Barrier Removal: to fund activities in initial project pipeline development and project evaluation, workshops and seminars for potential co-financiers and clients. Fund Administration: to finance set-up and running costs of the Fund during the first four years, including the salaries of Fund staff, when the Fund is not yet self-financing. |
Original sector | FY17 - Energy and Extractives,FY17 - Financial Sector |
Budget |
Location
Country | Bulgaria |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Commercial, Government |
Article published date | 2025-12-17 |
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