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In this page a synthesis of related sub-pages content is presented as well as the all necessary steps to go through, from the expression of interest up to the obtaining of the loan for a single or several energy efficiency investments financing.

By accessing the sub-menu, data regarding Clients, mainly related to institutions which could apply for financing, to the current Romanian Energy Efficiency Clients, to the used eligibility criteria for energy efficiency project selection and client-oriented services provided by Fund’s experts are available.

A special attention is paid to the detailed presentation of informations which are to be provided by the Clients, by filling in the Applications Forms (please see 'Application Forms' page) which could be downloaded from this page. Data to be included in the Application Form No. 1.pdf - Request for financing by all categories of Clients, in the Application Form No. 2a.pdf – Request for financing for private companies or public-private companies and in the Application Form No. 2b.pdf – Request for financing for public local administration authorities, are presented.

The 'Applied Technologies' and 'Successful Projects' pages are including details making reference to results of energy efficiency investments co-financed by the Romanian Energy Efficiency Fund and already implemented and in operation. Premises to familiarize Fund’s Clients with the steps to go through with the Fund’s experts, from the identification of energy savings opportunities and available technologies up to the implementation of investment and the assessment and monitoring of energy and financial savings, are created.

The 'Glossary' aims to make the Fund’s Clients familiar with the specific field terminology. Usual terms from energy efficiency, renewable energy sources and environmental protection domains are included. Usual financial and risk management terms are included too.

Stages in getting a loan

Stages to go through, from the expression of interest up to the obtaining of the loan for a single or several energy efficiency investments financing are described hereunder.

Stage I

The Application Form no. 1 – Request for Financing is downloaded (or form the address http://www.free.org.ro/Client Page/Application Forms/). All sections of Application Form are to be filled in Romanian (directly, after document printing or in MS Word and than printing) and the Application Form should be assumed by the Client legal representative.

The Application Form no. 1 – Request for Financing could be sent to the Romanian Energy Efficiency Fund:
  • by fax (to 021.233.88.01 and 021.233.88.02) or
  • by mail (to the address Strauss Building, 2A Johann Strauss Street, 6th Floor, Sector 2, RO – 020312 Bucharest 30).

Important Notice! The transmission of the Application Form no. 1 – Request for Financing does not oblige nor the Fund nor the Client to continue perform the procedures for awarding, respectively for obtaining a loan for financing a single or several energy efficiency projects.

The first stage ends after the Client has received by fax (usually in 48 hours) the notification of the Romanian Energy Efficiency Fund regarding the acceptance or rejection of the Application Form no. 1 – Request for Financing.

Stage II

The Romanian Energy Efficiency Fund provides the access in the second stage only after providing the Client with the acceptance of the Application Form no.1 – Request for Financing.

In this stage, the Client supplies the Romanian Energy Efficiency Fund with larger amount of information by filling in the Application Form no. 2a (for private or public-private companies) or Application Form no. 2 b (for public local administration authorities), following the structure and the content described in the ‘Application Forms’ sub-page.

The representatives of private or public-private companies are downloading the Application Form no. 2a – Request for Financing for private or public-private companies (or from the address http://www.free.org.ro/Client Page/Application Forms/).

The representatives of public local administration authorities are downloading the Application Form no. 2b – Request for Financing for public local administration authorities (or from the address http://www.free.org.ro/Client Page/Application Forms/).
 
All sections of Application Forms should be filled in as well as the Statement from Annex 1 in Romanian (directly, after printing or in MS Word and printing), all documents being assumed by the legal representative of the Client. Copies of all documents listed to the end of Application Form no.2 should be annexed too.

The following documents should be sent by mail to the Romanian Energy Efficiency Fund (to the address Strauss Building, 2A Johann Strauss Street, 6th Floor, sector 2, RO – 020312 Bucharest 30):
  •  Application Form no. 2 filled in and assumed by the legal representative; 
  •  Statement from Annex 1 assumed by the legal representative;
  •  Copies of all documents listed to the end of Application Form no. 2.

Important Notice! The Romanian Energy Efficiency Experts could provide on-site support upon request in filling in the Application Form no. 2, and in collecting copies of all documents listed to the end of Application Form no.2.

Stage III

In Stage III an Agreement in Principle is signed by parties, both the Client and the Romanian Energy Efficiency Fund representatives. The document is defining the commercial terms of the loan: the interest, the monitoring fee, the grace period, the reimbursement period (which includes the grace period) etc. This stage comes only after information checking, client and energy efficiency project evaluation, finalization of in-depth analyze, and is preceding the Romanian Energy Efficiency Fund’s approval or the rejection of financing.

Important Notice! The Agreement in Principle signing does not imply the approval of financing and the Financing Agreement signing.

Stage IV

The going through the Stage IV is possible only after the Romanian Energy Efficiency Fund’s loan approval. In the Stage IV, parties are both signing the Financial Agreement and the Collateral Contract or Contracts in the favour of the Romanian energy Efficiency Fund, following the case. Duration In general, between the moment of Client’s interest expression in obtaining a loan and the first disbursement from the loan approved by the Romanian Energy Efficiency Fund could be 45 (forty-five) days. This duration could be consistently reduced if the Client provides and supplies in due time the Fund’s experts with all documents and informations for in-depth analyze finalization, which precedes the signing of Agreement in Principle.

Important Notice! If the Clients proposes viable collaterals covering enough the loan amount, the duration could fall to 30 (thirty) days up to the first disbursement.

Confidentiality

During the whole collaboration with the Client, all information about itself and its activities is considered and kept as confidential by the Romanian Energy Efficiency Fund. Only with Client’s agreement and after the implementation of the energy efficiency project, the Romanian Energy Efficiency Fund could publish details making reference to the project, and the estimated savings (energy, environment, financial etc.)
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Last Updated ( 02 februarie 2017 )
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