Key facts
- Implementing Partner:
European Bank for Reconstruction and Development (EBRD)
- Guarantee volume:
up to €168 million
- Global Gateway areas of partnership:
Climate and Energy
- Sectors:
Energy, Critical Raw Materials
- Geographical focus:
Central Asia, Eastern European Neighbourhood countries, Southern European Neighbourhood countries, Western Balkans, Iraq, Mongolia, Türkiye
- Type of support provided:
Financing, Technical assistance
- Types of investments:
Guarantees, loans
- Investment period:
Open for investments until March 2027
- Technical assistance:
up to €8 million
Description
HI-BAR supports the proliferation of investments in the next generation of climate mitigation measures and in businesses in the energy sector and energy-intensive industrial sectors. This will include projects that target new climate technologies and Critical Raw Materials. It will also include the rollout of mature technologies that have not reached a 'critical mass' in certain countries in which the EBRD operates due to specific market issues (including, for example, wind or solar PV based power generation).
The main objectives of the guarantee are to:
- increase investments in green energy solutions in accordance with the EU taxonomy and the relevant EU and international standards
- accelerate investments in climate mitigation measures and novel business models in the energy sector
- address bottlenecks to private investments in the energy sector by creating a track record of implementation of first of a kind projects
- enhance energy security (particularly given recent geopolitical developments and the EU’s renewed policy drive to rapidly transition away from external fossil fuel dependency)
How can businesses and investors get involved?
If you are an investor with an interest in this guarantee program, we recommend getting in touch directly with the EBRD.
Contact: fundingdesk
ebrd [dot] com (fundingdesk[at]ebrd[dot]com)
About EBRD
The EBRD works across three continents to support the transition to successful market economies. Their focus is on delivering prosperity by enabling a well-run and sustainable private sector through their unique business model, combining financing, advice and policy reform. It focuses on fostering inclusive, resilient, and green economies by strengthening strengthen institutions, improving infrastructure, and supporting small and medium-sized enterprises. Its work complements traditional development assistance by leveraging private investment and encouraging systemic reforms for long-term impact.