SlovSEFF III - Slovak EE framework


Slovak Republic

Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Target board date:

26 Feb 2014


Board Approved

PSD disclosed:

24 Jan 2014

Sub-projects signed under this framework

Translated version of this PSD: Slovak

Project Description

The EBRD extended the existing Slovak Sustainable Energy Finance Facility by providing new funds for an amount of up to €40 million to address the demand for energy efficiency and renewable energy investments in Slovakia; the €40 million project was approved by the Board on 26 February 2014. The project consists of credit lines to local banks for on-lending to private enterprises and housing associations for investments in sustainable energy. 

The EBRD is now considering extending the existing Slovak Sustainable Energy Finance Facility by providing new funds for an amount of up to €60 million to continue to address the demand for energy efficiency and renewable energy investments in Slovakia. The €60 million project will be considered by the Board on 8 June 2016.

Transition Impact

The project is expected to have two sources of transition impact:

  1. Financing: The project will generate transition impact by demonstrating the benefits of energy conservation and promoting the expansion of energy efficiency and renewable energy lending in the Slovak Republic. The project will demonstrate the positive effects of rational energy utilisation and reduction of greenhouse gas (GHG) emissions. Incentives to end-borrowers (not including housing associations) will be calculated based on a project’s annual GHG emission reduction potential.
  2. Skills transfer: The project is also expected to transfer and build expertise, among both banks and companies, related to sustainable energy investments. Participating Financial Institutions will build capacity in identifying sustainable energy opportunities as well as assessing the risk and credit-worthiness of clients for energy efficiency and renewable energy loans. Sub-borrowers are expected to become more familiar with banks’ requirements for providing such loans.

The Client

The clients will be privately owned banks based in Slovakia. The proceeds of the loans will be on-lent to private companies and housing associations.

EBRD Finance

Up to €100 million in credit lines will be provided to local banks for on-lending to private companies and housing associations to implement energy efficiency and renewable energy investments with the focus on reduction of GHG emissions.

Project Cost

The total amount of the SlovSEFF III framework will be up to €100 million.

Environmental Impact

Category FI.  The proposed investment represents a further extension of the SlovSEFF facility which has already supported some 700 energy efficiency related investments through a number of Slovak financial institutions (participating financial institutions or PFIs). The PFIs, through the existing SlovSEFF investment projects, have already demonstrated a clear understanding of the Bank's requirements and the types of projects that the fund promotes.  Reporting by the PFIs has been satisfactory to date and has shown that the existing projects are working in compliance with the Bank’s policy requirements.  The proposed extension does not introduce any additional procedures over and above those that the clients have already implemented.  

Technical Cooperation

Technical cooperation will be funded by Spain. Consultants will be contracted by EBRD to provide beneficiaries with project design and implementation support.

Company Contact

Please contact the Participating Financial Institutions directly for potential project enquiries.


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

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Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer ( is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.