The EBRD addresses energy efficiency and climate change projects including renewable energy and adaptation projects through its SEI. The SEI was launched in 2006 with the aim of scaling up sustainable energy investments in the Bank’s region, improving the business environment for sustainable investments and removing key barriers to market development.
The SEI uses the full range of the Bank’s financial instruments to finance sustainable energy projects across the bank. SEI projects are diverse – the EBRD supports energy efficiency improvements in the corporate sector, including the agribusiness, manufacturing and service sector.
Furthermore, the EBRD invests in upgrades and the modernisation of the energy sector across the region with a focus on scaling-up renewable energy projects, and increasing the efficiency of energy production and networks. It also provides credit lines to local financial institutions in 30 countries, which allow these institutions to on-lend to funds to their clients to enable them to finance sustainable energy projects. As the impacts of climate change become more apparent, climate change adaptation is emerging as an important part of the SEI.
When market barriers are too high to allow projects to go forward, the Bank can support eligible clients by obtaining donor funds from bilateral and global partners such as the Climate Investment Funds (CIF), the Global Environmental Facility (GEF), the EU, and others.
SEI projects also benefit from the Bank’s ability to deliver technical assistance to its clients and governments. For ecample, to support its clients with project preparation and implementation, the Bank can offer technical assistance products such as market analyses, feasibility studies, energy audits, and training and awareness raising.
As part of its policy dialogue activities, the SEI works with governments to support the development of strong institutional and regulatory frameworks that incentivise sustainable energy investments.