Energy Efficiency and Renewable Sources Fund was established pursuant to the Energy Efficiency Act, with intergovernmental agreements between the Global Environment Facility (through the World Bank), the Government of Austria and the Government of Bulgaria. The fund operates according to the provisions of the Energy Efficiency Act, the Energy from Renewable Sources Act and the agreements with the Donors, and is not part of the consolidated state budget.
Energy Efficiency and Renewable Sources Fund is the only institution in Bulgaria for financing energy efficiency investment projects.
Energy Efficiency and Renewable Sources Fund offers to Bulgarian companies, municipalities and private individuals the following financial products in the field of energy efficiency:
- Credits and below market interest rates
- Partial credit guarantees
- Portfolio guarantees