The European Bank for Reconstruction and Development (EBRD) in cooperation with the Ministry of Economy has launched the Slovak Energy Efficiency and Renewable Energy Finance Facility (SLOVSEFF).

In order to establish SLOVSEFF, the EBRD has chosen following four participating banks (PBs):

Loans between EUR 20,000 and EUR 2,000,000, as well as grants between 7.5% and 20% of the loan amounts and free technical assistance will be available through local banks for private companies and housing associations implementing energy efficiency and renewable energy projects. Grant support is provided by the Bohunice International Decommissioning and Support Fund (BIDSF) to which the European Community is the largest contributor together with Austria, Denmark, France, Ireland, the Netherlands, Spain, Switzerland and the United Kingdom.

Free of charge technical assistance for borrowers, in form of preparing Rational Energy Utilisation Plans (REUPs), Simple Energy Audits (SEAs) and assisting the formulation of loan applications to PBs, will be provided by the Project consultants Enviros and Ecofys to assist clients of the local banks identify the most appropriate energy efficiency investments for their needs.