Factsheet: Moldovan Residential Energy Efficiency Financing Facility

Moldovan Residential Energy Efficiency Financing Facility

Key Information

Country/Region:

Full name of Instrument & Measure (English): 
Moldovan Residential Energy Efficiency Financing Facility (MoREEFF)
Description: 
The MoREEFF facility aims to give householders, Condominiums/Associations of Apartment Owners, Housing Management Companies, Energy Service Companies ("ESCOs") or any other eligible service companies across Moldova an opportunity to realize the benefits of energy efficiency home improvements by providing them with loans and investment incentives through local participating banks. Any householder or Association of Home Owners who takes a MoREEFF loan is entitled to receive an incentive of 20%, 30% or 35% respectively toward the cost of the energy saving project once it has been completed subject to the MoREEFF terms and conditions.
Goal/Aim: 
Stimulate investments in energy efficiency.

Sector/Topic targeted:

Responsible Authority: 
European Bank for Reconstruction and Development (EBRD)

Status:

Year Instrument & Measure Started: 
2013
Year Instrument & Measure Ended: 
2017