Funding for Energy Efficiency and Climate Change Adaptation – The FACEM INVESTIȚII BGK Program

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Modernize your business with financial support dedicated to the green transition!

Victoriabank supports small and medium-sized enterprises (SMEs) through the FACEM INVESTIȚII BGK program, offering favorable financing for projects related to energy efficiency, the use of renewable energy sources, and climate change adaptation.

If you're an entrepreneur and want to invest in modern equipment, reduce energy consumption, or make your business more sustainable, this program is for you.

Who is eligible?

SMEs in the Republic of Moldova that invest in:

• Energy-efficient equipment, machinery, or buildings;

• Solutions based on renewable energy sources (solar panels, heat pumps, etc.);

• Infrastructure that addresses climate challenges (water management, emissions reduction, etc.).

Benefits of the program:

1. Financing in MDL or EUR;

2. Amounts granted:

• Minimum: the equivalent of 5,000 EUR;

• Maximum: the equivalent of 375,000 EUR, of which:

  • Up to 250,000 EUR from BGK funds;

  • Up to 2,500,000 MDL from FACEM funds;

3. Annual interest:

• max. 5.5% in MDL;

• max. 4.5% in EUR;

• Loan origination fee: 0.5%;

4. Repayment period: up to 6 years (deadline: February 28, 2031);

5. Business vouchers ranging from 500 to 1,000 EUR for business plans;

6. Free technical assistance: training sessions, personalized consulting, study visits to Poland;

7. All support costs are covered by the Solidarity Fund PL.

What types of investments are eligible for funding?

Energy Efficiency Projects:

• Heat pumps (all types);

• High-efficiency, condensing natural gas boilers;

• Small-scale cogeneration and trigeneration units;

• Solar water heaters;

• Electric motors with frequency converters;

• Air handling units with heat recovery;

• Solar panels and inverters;

• Energy storage systems;

• Energy consumption control technologies;

• Thermal insulation of buildings; replacement of windows and doors;

• Modernization of ventilation and air conditioning systems;

• Other equipment that helps reduce electricity consumption.

 Climate adaptation projects:

• Construction/modernization of water management infrastructure:

• Dams, water intake structures, water treatment plants;

• Distribution networks, pumping stations;

• Wastewater treatment systems;

• Equipment for leak detection and network zoning;

• Remote management systems and laboratory equipment;

• Other measures to reduce greenhouse gas emissions.

Additional eligible expenses:

• The acquisition, construction, and/or renovation of the real estate necessary for the project;

• Purchase of the necessary raw materials and supplies (up to 30% of the loan amount).

How do you apply for funding?

• Submit your application to Victoriabank;

• The bank registers the project on the FACEM platform;

• FACEM assesses the project's eligibility;

• Once it's approved, sign the funding agreement and get started on the modernization!

• Invest in sustainability, efficiency, and the future of your business!