The EBRD has signed the first Green Economy Financing Facility (GEFF) Lebanon agreement in 2018, providing USD 100 million to Bank Audi for financing green projects, with an additional USD 100 million committed by Bank Audi. TaiwanICDF serves as the donor for this initiative. This collaboration between EBRD and Bank Audi aims to bolster sustainable energy efforts in Lebanon, addressing crucial aspects of the country’s development, including energy diversification, resource conservation, and pollution reduction. This funding will support climate change mitigation and adaptation investments aligned with EBRD’s Green Economy Transition strategy.
Maximum financing amounts
• up to US$300,000 for small and a clearly defined projects that comprise high-performing equipment and materials from the Technology Selector Applicable for Corporate & SME, service providers and retail
• up to US$15,000,000 Applicable for Corporate & SME, service providers, and vendors. The Level of technical assessment depends on project complexity and foreseen risks with the following restrictions:
o up to 30% of eligible construction costs (excluding costs of land acquisition) for commercial or residential building construction projects that meet high standards of energy performance, quality and health and safety standards. Contact the GEFF experts for more information on construction project eligibility criteria.
o up to 100% of eligible construction costs (excluding costs of land acquisition), if the building will obtain international environmental certification at a minimum level of LEED-Silver, BREEAM-Good or corresponding levels of other internationally recognized bench marking schemes
• up to US$15,000,000 for renewable energy projects, for which GEFF experts can provide advice and check of compliance with requirements on Environmental Impact Assessment as to be prepared by the project sponsor
• Up to US$10 million for vendors of equipment or materials listed on the Technology Selector. Contact the GEFF experts for more information.
Either apply directly at any branch of Bank Audi or contact GEFF Lebanon to inquire. • Complete the application form at https://ebrdgeff.com/lebanon/wpcontent/ uploads/2019/03/ApplicationForm_updated.docx and submit it to your local financing branch, along with the supporting documents required. • All technologies listed on the Technology Selector have been technically pre-approved for financing. Step-by-Step Guide “How to apply for technology financing” at https://ebrdgeff.com/lebanon/how-to-apply/step-by-stepprocess-for-technology-selector-projects/ • GEFF experts can help identify green investment opportunities eligible for GEFF finance. Step-by-Step Guide “How to apply for assessment services” at https://ebrdgeff.com/lebanon/how-to-apply/step-by-stepprocess-for-assisted-projects/
