Green loans subject to new changes. Semi-annual follow-up reports among new requirements

A new set of technical eligibility criteria for National Energy Efficiency and Renewable Energy Action (NEEREA) loans has been announced.

The criteria were finalized by the Lebanese Center for Energy Conservation (LCEC) based on a request from the Central Bank (BDL).

Mazen Halawi, Deputy Director of the financing unit at BDL said: "Real estate development is one the main reasons behind changing the criteria."

Property developers are one of the biggest applicants of NEEREA...

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Green for Growth fund to start local operations. Fund can directly finance projects or partner with financial institutions

Green for Growth, an international fund for renewable energy and energy efficiency projects operating in Southeast Europe, European Eastern Neighborhood Region, and in the Middle East and North Africa, will start operations in the local market, according to Lachlan Cameron, Green for Growth's Senior Officer in Energy Finance.

The fund's budget for the three regions has reached $370 million this year. The eligibility criteria for applying for financing from Green for Growth (GGF) are havi...

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Renewable energy to get financing support. EU, EIB, AFD to provide funds and technical assistance

The Central Bank (BDL) will launch early next year an €80 million credit line for renewable energy and energy efficiency projects.

The credit line is funded by the European Investment Bank (EIB) and Agence Française de Développement (AFD).

The European Union (EU) will also offer technical assistance through a team of international and national experts to support BDL and private banks to prepare the financing scheme.

Although the received funds are in euro, t...

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