TRACTEBEL ENGINEERING SA

  |  2013-06-27

European money – financing for SMEs

Problems find solutions

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Safe, clean and sustainable energy is a major challenge for the 21st Century - as we strive to meet our needs for heating, cooling, electric power and transportation without causing harmful repercussions for future generations. We need solutions that displace fossil fuels – on which we are today overwhelmingly dependent.

 

There are three main problems with reliance on fossil fuels - mounting costs  – as we need to dig deeper and travel further to find oil, coal and gas; geopolitics – as lowest cost fossil fuels are far from energy markets, which can lead to crises and conflicts; and environment – as evidence mounts of negative impact the health of both humans and our planet.

 

There are also three main solutions to lower our fossil fuel dependence.  They are energy efficiency – doing more with less; renewable energy – capturing inexhaustible resources from the sun, earth, wind and water; and behavioural change – finding ways to avoid energy use without adversely impacting our quality of life.

 

Addressing SMEs sector

 

The European Bank for Reconstruction and Development has a range of Sustainable Energy Finance Facilities (SEFFs) operating in more than 20 countries, which provide a combination of loans through local banks and free technical consultancy for energy efficiency and renewable energy investments.

 

There are two SEFFs for private sector companies in Romania - RoSEFF - which helps SMEs invest in energy efficiency and/or renewable energy; and EEFF which is for energy efficiency only for private sector companies of any size. A third SEFF - MFFEE - supports public or private investments for municipal beneficiaries.

 

The Romanian SEFFs feature financing  from Romanian high-street banks; non-reimbursable EU grants of up to 15% which are paid when the investment is installed and saving energy - in the case of energy efficiency investments; or producing energy in the case of renewable investments.  The SEFFs all incorporate EU-financed free technical consultancy from Tractebel Engineering.

 

Less Bureaucracy

 

An important feature of the SEFFs is that they are really, really fast. For small and simple investments - (up to 250,000 Euro) investors may generate a Certificate of Technical Eligibility online for pre-approved categories of energy efficient technologies and renewable energy equipment.  If a participating bank lends for that equipment, the borrower is automatically eligible to receive an EU grant.

 

Large or complex investments take longer to prepare, typically three to six weeks, depending on the complexity of the investment.  Energy efficiency and renewable energy specialists from Tractebel Engineering prepare a free technical study to demonstrate that the investment saves energy, and is eligible for the EU grant.  This work is financed by the EU as an integral benefit of RoSEFF, EEFF or MFFEE.  Of course, studies are only prepared if the three main stakeholders agree - meaning the investor is ready to borrow; the lender is ready to lend; and the consultant confirms that the investment meets minimum energy-saving criteria set by the EU and EBRD.

 

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TOP WEARING APPAREL COMPANIES (2015)
Scoring Methodology by ERNST&YOUNG


 
#
COMPANY NAME
MCR TOTAL SCORING
 
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