| Country | Slovakia |
|---|---|
| Influence of the financing instrument | Direct |
| Thematic Scope | all |
| Type | Investment Funding |
| Legal/Financial Form | subsidized loan |
SlovSEFF III is the EBRD's first credit program financed by a market mechanism. Profits from the sale of emission credits from the Slovak Republic to Spain are used to achieve a reduction in additional greenhouse gas emissions through investments within SlovSEFF. Examples of eligible projects: Combined heat and power generation (cogeneration) on site by burning natural gas, biogas or biomass, Projects to change fuel from high carbon (coal, lignite) to low carbon
Possible usage of the funding instrument in the P2G context: This funding instrument cooperates with Slovak banks and can be used as a tool to lower a loan for building a P2G hub.
| Legal Entity | Európska banka pre obnovu a rozvoj |
|---|---|
| EBRD European Bank for Reconstruction and Development | |
| Geographic Scope | Entire country |
| Eligibility Criteria | SME, large enterprises |
| Co-Financing Rate | 80%-95% |
| Volume | max 5 000 000 EUR each |
| Duration | |
| Limitations | Carbon Reduction Compensation (CRC) is between 5 and 20% of the loan amount. |
| Periodicity thus far | ongoing |
| Web Address | http://www.slovseff.eu/index.php/sk/ |