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Tuesday | October 20 | 2020

BNP Paribas Bank to fund energy efficiency projects from Polish homeowners

The European Investment Bank (EIB) has signed a PLN 71.2 million (EUR 16 million) guarantee agreement with BNP Paribas Bank Polska to support the financing of energy efficiency projects from Polish homeowners, micro-farmers, and housing associations.

The guarantee will help BNP Paribas Bank Polska to provide, under the agreement with the EIB, PLN 742 million (EUR 166.7 million) of new financing for energy efficiency projects.

The banks estimate that around 15.000 clients will benefit from the project.

The increased use of renewable energy is one of the key objectives of the Polish authorities and the European Union.

The programme can support the installation of renewable energy sources in individual homes and micro-farms, as well as finance the comprehensive energy refurbishment of multi-home apartment buildings.

Measures that are eligible for this financing include solar photovoltaic installation for private homeowners and micro-farmers and a wide range of energy efficiency measures for multi-apartment buildings, such as energy efficient windows or facades, heating and ventilation systems, renewable energy sources integrated into the buildings and other measures.

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