EIB provides 12 mln euro to back Slovenia’s Resalta growth in SEE

Source: European Union External Action

LJUBLJANA (Slovenia), February 13 (SeeNews) – The European Investment Bank (EIB) said on Thursday it is providing a 12 million euro ($13.1 million) loan to Slovenian provider of energy efficiency solutions Resalta to support the company's growth in Southeastern Europe (SEE).

The loan will enable Ljubljana-headquartered Resalta to invest in market development and strengthen its position in Slovenia, Croatia and Bulgaria, as well as Serbia and the Western Balkans, the EIB said in a press release.

“To facilitate market development, Resalta will use the EIB loan to create up to 50 new jobs, nearly doubling its number of employees, and decrease energy costs and consumption for their clients – a move which benefits the environment as much as the economy,” the EU lender added.

Resalta will invest one part of the EIB loan in digitalisation and the development of new energy management systems such as supervising functions, technical intelligence, smart meters and sub-meter controls, the bank said, adding that the remaining part of the loan will go towards investments in new services and IT technologies crucial for improving the energy performance of buildings.

“This loan will enable Resalta to build on its momentum and expand its operations as the leading independent provider of energy services in SEE, with a stronger emphasis on smart energy management systems and digital solutions for energy efficiency,” chief executive officer of Resalta, Luka Komazec, said.

According to the EIB, the project is the first operation in Slovenia signed under the European growth finance facility (EGFF), a part of the investment plan for Europe bringing the EIB and the European Commission together as strategic partners.

The EIB also said it provided Resalta with 6 million euro in equity in April 2019, which was also backed by the investment plan.

Resalta was founded in 2011 by Slovenian companies Gorenje, Geoplin and Energetika Ljubljana.

($ = 0.9173 euro)

Join Renewables Now's free daily newsletter now!

More stories to explore
Share this story
About the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription