EBRD is launching a €200 million framework for the modernisation of residential building stock in Poland

The potential to reduce Poland’s energy consumption, to change the energy mix and to lessen the dependency on energy imports is huge. The residential sector consumes about 40 per cent of the country’s primary energy, with space heating taking a 71 per cent share of this. To cover the heating needs of residential building stock Poland depends on coal, which accounts for 41 per cent of the energy mix for heating, the largest share for coal in the residential sector in the entire European Union.

The Polish Residential Energy Efficiency Financing Facility (PolREFF) addresses this challenge by providing credit lines to local partner banks for on-lending to residential building owners, cooperatives, housing associations, developers and suppliers to support investments in the best-performing energy efficient equipment and materials for the residential sector. As the first financial institution to join PolREFF, Bank Zachodni WBK has already signed up to the framework, with a second institution expected to sign shortly.

A dedicated website, www.polreff.org, has been set up to provide the general public with all the information necessary to benefit from the available funds.

source: ebrd.com

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