Short description of the overall project

The Green for Growth Fund, Southeast Europe (GGF) signed a EUR 2 million senior loan facility with ICS Total Leasing & Finance S.A. (TLF), one of the largest non-banking financial institutions in Moldova. The credit facility provided by the GGF along with targeted support through its Technical Assistance Facility will enable TLF to provide EE financing solutions to both existing and new clients, enabling them to improve overall efficiency and competitiveness.

Given the country’s difficult economic situation and the importance for local SMEs and individual entrepreneurs to reduce energy consumption and achieve efficiency gains, while increasing business competitiveness and productivity, TLF is highly committed to providing green financing. Thus, the GGF funding will be used to finance much-needed EE measures, ranging from improvements of housing envelopes to the replacement of energy‐inefficient and outdated machinery and equipment. To this end, TLF will build on its strong market position and well-established partnerships with equipment and machinery suppliers, supporting businesses across different economic sectors from agriculture and trade to manufacturing and services.