UniCredit Bank joins SlovSEFF
Date: 27 September 2017
UniCredit Bank Czech Republic and Slovakia a.s. joins the Slovakia Sustainable Energy Financing Facility (SlovSEFF) to provide sub-loans to companies and housing associations for sustainable energy investments in the Slovak Republic.
The EBRD has extended its support by making funding of €20 million available to UniCredit Bank.
UniCredit Bank Czech Republic and Slovakia a.s. is one of the leaders in the corporate sector, with a unique model operating a single bank in two markets (Czech Republic and Slovak Republic). In terms of the Slovak Republic, business is operated as a foreign branch of UniCredit Bank Czech Republic and Slovakia, a.s.
SlovSEFF was first launched in 2007 at which time the EBRD provided €60 million to four local partner banks to encourage Slovak enterprises and housing associations to make better use of available energy resources. Following high demand for the funds, the Bank extended the Facility with an additional €90 million in 2010, €40 million in 2014, and with up to €60 million in 2016
The EBRD has financed over 700 sustainable energy projects in the residential, industrial and renewable energy sectors under SlovSEFF to date.
Two SlovSEFF projects awarded in EFEKTIA 2017
Two Slovseff projects, were among the six projects awarded in the first edition of EFEKTIA 2017. These two energy efficiency projects were developed by KINEX BEARINGS and Spa Vyšné Ružbachy and they have been financed under the SlovSEFF Program.
Date: 30 June 2017
The EFEKTIA is an event that rewards energy efficiency projects. It is organised by the Association of Energy Service Providers (APES-SK), together with the Slovak Innovation Energy Agency (SIEA) and the Slovak Green Building Council (SKGBC).
Among the distinguished guests were the Vice-President of the European Commission responsible for the Energy Union, Mr. Maroš Šefčovič, and the Minister of Economy Mr. Peter Žiga. The EFEKTIA 2017 was held on June 19th of 2017 in Bratislava, and it consisted on the selection of 13 energy efficiency projects implemented on the basis of EPC/ESCO scheme. Six winners in 6 different categories were awarded.
Two SlovSEFF projects were among these 13 finalists, and subsequently awarded in their respective categories.
The project of KINEX BEARINGS was awarded with a special prize for the most innovative project, which was handed by the Minister of Economy Peter Žiga. This innovative project achieved to reduce operating costs for cooling in the quenching process. The project has allowed the company to disconnect from the heat supplier and to produce its own heat. At the same time, it has brought great financial savings because it saves up to 92% of the original costs. Additionally, this project increased the production quality of the company.
The other awarded SlovSEFF project, within the Commerce/Services/Business category, was developed by Spa Vyšné Ružbachy. This project consisted in the replacement of old gas boilers with heat pumps, and it has effectively introduced the use of geothermal energy for space heating and for hot water in three spa buildings (Swiss Houses, Balneotherapy and Grand Hotel Strand). Thanks to the implementation of this energy efficiency project, 80% of the costs related to gas consumption in the spa will be saved and project implementation cost will be repaid with those savings.
These awarded projects show that the SlovSEFF program successfully develops projects that are both innovative and high energy efficient. Out of this success, it is expected that other similar projects will be encouraged to take part in the SlovSEFF Program.
Commerce/Services/Business category award: Spa Vyšné Ružbachy
EBRD extends its support to SlovSEEF with €60 million credit line
Date: 22 December 2016
The Board of Directors of EBRD approved the €60 million extension of the Slovak Sustainable Energy Finance Facility – SlovSEFF III, bringing the total figure to €100 million. The EBRD has extended its support by making additional funding available to Slovenska Sporitelna, a.s. (SLSP) and to VÚN Banka, a.s. (VÚB); it has also provided a credit line of €10 million to a new participating financial institution: OTP Banka Slovensko, a.s.
This EBRD credit line will allow these financial institutions to provide financing to companies and housing associations for sustainable energy investments in Slovakia. To maximize the amount of greenhouse gas emissions (GHG) reduced, the Facility focuses on renewable energy and industrial energy efficiency investments. The incentives to end-borrowers range between 5% and 20% of the loan amount, and are based on each sub-project’s potential to reduce GHG.
SlovSEFF continues disbursing incentive payments in recognition of GHG savings
Date: 22 July 2016
Five new projects have been added to the list of verified projects as part of phase three of the Slovak Sustainable Energy Financing Facility (SlovSEFF).
The ESCO (Energy Service Company) company KOOR implemented three of the five projects. These three projects have facilitated the modernization or installation of new boiler rooms in sixteen railway stations in Eastern, Central and Western Slovakia. These boiler rooms run on natural gas and liquefied petroleum gas (LPG) instead of coal or electricity, thereby achieving greenhouse gas (GHG) emissions savings on improved energy efficiency and fuel switching.
The remaining two projects were developed and implemented by a local businessman Mr Marián Chovanec and by Versaco Company. Marián Chovanec has installed a PV solar plant on the roof of wellness centre in Puchov, and Versaco company has implemented thermal insulation and upgraded heating and lighting systems in an industrial production building.
Following the successful verification of the projects, incentive payments – or carbon reduction compensation payments – were disbursed by the financial institutions. The incentive payment calculation follows the principles of established GHG emission reduction methodologies and is used to determine the level of the incentive payment. These 5 projects combined are expected to reduce GHG emissions by 1,454 tonnes of CO2e per year, and have received a carbon reduction compensation of € 0.14 million. The loan size of the verified projects portfolio amounts to € 2.41 million.
For more information, please visit the interactive map and summary table, which includes additional information, specific to the project. SlovSEFF is developed by the European Bank for Reconstruction and Development (EBRD) and is co-funded by the Ministry of Environment of the Slovak Republic and the Ministry of Agriculture, Food and Environment of Spain.
SlovSEFF partners with Facility Management Camp 2016
SlovSEFF to deliver presentation at FM Camp workshop in Poprad on 28 April 2016.
Date: 28 April 2016
FM Camp is an initiative which aims to function as a discussion platform related to energy management and the use of computer technology in facility and property management in Slovakia. Every year, clients and service providers of Slovakia’s energy markets meet in Propad to learn about new technologies, success stories, exchange information and network.
Ing. Jan Pejter, Project Manager of SlovSEFF, will present how the energy management implementation can be financed under SlovSEFF and some of Facility’s best practice case studies, which include the use of renewable energies such as biomass or solar PV. These projects have benefited from dedicated technical assistance during the project appraisal process, in addition to incentive payments based on each project’s emissions reduction potential.
SlovSEFF disburses first incentive payments in recognition of GHG savings
Date: 29 March 2016
Ten projects financed under the third phase of the Slovak Sustainable Energy Financing Facility (SlovSEFF), have successfully passed verification and have received an incentive payment in recognition of their future greenhouse gas (GHG) emissions savings.
Nine out of the ten projects were developed by the district heating company Stefe Slovakia. These include various energy efficiency measures, such as the replacement of poorly insulated heat distribution pipes with new pre-insulated pipes, the installation of compact heat exchange substations, the reconstruction of boiler rooms and the reduction of energy intensity in heat production. The 10th project was implemented by printing company TBB, a.s. which replaced old machinery with more efficient printing equipment.
Following verification that the projects were implemented as initially designed in consultation with the SlovSEFF Project Consultant, incentive payments – or carbon reduction compensation payments – were disbursed to the projects. The incentive payment calculation follows the principles of established GHG emission reduction methodologies and is used to determine the level of the incentive payment. These projects combined are expected to reduce GHG emissions by 1,322 tonnes per year, and have received a carbon reduction compensation of €0.25 million. The loan size of the verified portfolio of projects amounts to €4.95 million.
For more information, please visit the interactive map and summary table which includes additional, project specific, information. SlovSEFF is developed by the European Bank for Reconstruction and Development (EBRD) and is co-funded by the Ministry of Environment of the Slovak Republic and the Ministry of Agriculture, Food and Environment of Spain.
SlovSEFF at Energy Camp 2015
SlovSEFF representative presented during the Energy Camp workshop organised in Poprad on 23/24 April 2015.
Date: 13 July 2015
Energy Camp is an initiative which aims to function as a platform for discussion related to energy management and the use of computer technology in energy management. Every other year, clients and service providers of Slovakia’s energy markets meet in Poprad to learn about new technologies and success stories, exchange information and network.
Ing. Marián Holúbek, relationship manager of SlovSEFF, highlighted the benefits of participating in SlovSEFF, which includes dedicated technical assistance in the project appraisal process. The focus shift towards renewable energy and industrial energy efficiency projects was also explained as well as the incentive payment scheme, now tailored to reward reducing emissions.
The presentation can be downloaded here:
EBRD supporting sustainable energy in Slovak Republic €20m loan for on-lending to private borrowers
Date: 13 June 2014
EBRD facilitates first carbon credit transaction between Slovak Republic and Spain proceeds to co-finance sustainable energy investments
Date: 28 May 2014