The Slovak Energy Efficiency and Renewable Energy Finance Facility (SLOVSEFF III)

Last updated: 27 May 2019
SlovSEFF III is a sustainable energy financing facility developed by the EBRD in collaboration with the Ministry of Environment of the Slovak Republic and the Ministry of Agriculture, Food and Environment of Spain, which are funding the programme's incentive payments and technical assistance respectively. The incentive payments are financed from the proceeds of an innovative carbon credit transaction between the governments of the Slovak Republic and Spain. Under the terms of the agreement, the Slovak Republic has allocated the proceeds from the sale of emission permits towards additional greenhouse gas (GHG) emission reduction projects in the Slovak Republic (please click here for more information).
Given the nature of the overarching carbon credit transaction, SlovSEFF III seeks to promote the reduction of GHG emissions by introducing a link between a project's GHG emission reduction potential and the incentive payment level for renewable energy and industrial energy efficiency projects. The programme's focus will be on financing these investment categories. The incentive payment for residential energy efficiency projects is based on the environmental impact that the proposed measures combined are able to achieve. The SlovSEFF III participating financial institutions ar Slovenská sporitelna, a.s. and VÚB, a.s.. The SlovSEFF III project consultants are ENVIROS and Factor CO2. The SlovSEFF III verification consultant is ALLPLAN.

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