EERSF has the combined capacity of a lending institution, a credit guarantee facility and a consulting company. It provides technical assistance to Bulgarian enterprises, municipalities and private individuals in developing energy efficiency investment projects and then assists their financing, co-financing or plays the role of guarantor in front of other financing institutions.
The underlying principle of EERSF’s operations is a public-private partnership. The Fund pursues an agenda fully supported by the Government of Bulgaria, but it is structured as an independent legal entity, separate from any governmental, municipal and private agency or institution.
As of December 2019, the EERSF had invested $30 million into projects with a total value of $42 million.
Case studies on individual projects financed through the EERSF can be found at https://www.bgeef.com/en/projects-and-case-studies.