Wednesday, December 14, 2016

Italians grant loans for renewable energy.

The Ambassador of Italy Massimo Marotti has announced a €5 million ($5.5 million) soft loan to be granted for the implementation of renewable energies in residential buildings.

The loan will be pooled into the National Energy Efficiency and Renewable Energy Action (NEEREA) mechanism funding. NEEREA loans are subsidized by the Central Bank (BDL) with near zero percent interest rate over 14 years.

Rani Achkar, senior programs engineer at the Lebanese Center for Energy Conservation (...

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