Energy Efficiency and Renewable Sources Fund (EERSF)

Energy Efficiency and Renewable Sources Fund (EERSF)

Duration

2015 – ongoing

Recipients

Corporate clients, ESCOs

Managing body

Management board consists of 11 members

Volume of funding

BGN 13,500 – 1,350,000 at interest rate of 4% – 7%

Maximum term 7 years

Own contribution

10%

Details

Cessions of ESCO contracts. The scheme is comparatively successful as there is a need to provide operational means for ESCOs to engage in new projects and it is one of the key instruments to develop the emerging ESCO market in Bulgaria. There is still no experience with ESCOs in the residential sector, but there is potential to apply this already existing scheme for such projects as well.

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