Russian Sustainable Energy Finance Program

The primary goal of this project is to build capacity in Russian financial institutions through the process of developing and marketing specialized EE finance products targeting appropriate market niches and financing EE projects as a direct result. The Program aims to establish sustainable lending practices in the Russian financial sector which support EE investment. The Program’s focus on transactions is intended to support FIs such that they: a) understand that energy efficiency projects are viable investments that improve the financial stability of their clients and reduce the banks’ overall risk exposure; b) examine industry related loans and leases from an energy efficiency perspective; c) actively build a portfolio of energy efficiency projects; and (d) develop specialized financial products which target niche markets for EE finance.