The EBRD and Bank Audi to help facilitate the expansion of renewable energy in Lebanon

The European Bank for Reconstruction and Development (EBRD) and Bank Audi have collaborated to facilitate the expansion of renewables in Lebanon. Both will provide $100 million each under the Green Economy Financing Facility (GEFF), which has been created to finance green projects set up in Lebanon. The EBRD will provide $90 million as loans. In addition, $70 million in concessional funding is being provided from the Taiwan International Cooperation Development Fund. GEFF Lebanon will be supported by a team of specialised consultants including engineering, environmental, financial and marketing experts, who will offer Bank Audi and its clients direct support and advice throughout the green project lifecycle using best-in-class technology.

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