About us

Energocredit is a dedicated programme of the European Bank for Reconstruction and Development (EBRD) aimed at supporting sustainable energy projects development in Armenia. Through Energocredit, the EBRD provides USD 125 million to local financial institutions in the Caucasus region, for on-lending to both local businesses and individuals implementing energy efficiency measures and renewable energy projects. With these funds, the programme aims to enhance the awareness for energy efficiency and to transfer skills to local financial institutions in sustainable energy lending.

Thanks to the grant funding provided from the European Union Neighbourhood Investment Facility and the EBRD Shareholder’s Special Fund, successful projects and environmentally friendly investments will benefit from a 10 or 15% cash back of the loan amount. Additionally, high quality technical consulting is provided by international and local experts, funded by the Austrian Federal Ministry of Finance.