Energy Efficiency Lease Finance for Poland's SMEs

LEASING has become an ideal way to invest in energy efficiency and sustainable energy technology as the cost savings generally cover the lease payments.

With this in mind it is good news for Polish small and medium enterprises (SME) that the European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €50 million to one of Poland’s fastest growing leasing companies, BZ WBK Lease, to support investments in sustainable energy projects for SMEs.

The Polish economy remains highly energy and carbon intensive. Improving energy efficiency is one effective response to this problem. Although the majority of Polish SMEs recognise the importance of reducing energy costs, only one third undertake energy savings. To help address this challenge, the EBRD launched the Polish Sustainable Financing Facility (PolSEFF) programme in 2010 which was later expanded to include leasing operations.

The funds will be used to purchase energy efficiency equipment which will then be leased to eligible enterprises.

Noel Edison, Director of Insurance and Financial Services at the EBRD, said: “As the global economic climate remains challenging, cost reduction related to energy expenses remains critical for companies to succeed. This is especially true for the large Polish SME sector.”

Picture of Warsaw Old Town Market Square by Adrian Grycuk reproduced under CCL.

Friday 25th September 2015

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