EIF provides 6 mln euro to support development of Slovenia’s Resalta

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LJUBLJANA (Slovenia), April 3 (SeeNews) – The European Investment Fund (EIF) said it will provide 6 million euro ($6.7 million) of new equity capital to the innovative Slovenian provider of energy efficiency solutions Resalta to support the company's growth.

“This capital increase will help Resalta evolve from being a start-up and implement a business plan to become a major provider of independent energy services and renewable energy solutions, making a positive impact on Slovene and EU economy and environment alike,” the EIF said in a statement last month.

Ljubljana-headquartered Resalta currently works with individual clients, companies and municipalities in Slovenia, Bulgaria, Croatia, the Czech Republic, Italy, North Macedonia, Montenegro, Serbia, helping them lower CO2 emissions, energy consumption and save on energy-related costs.

The capital hike is guaranteed by the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe the statement noted. Half of the recapitalisation amount comes from a joint instrument developed by EIF and the Slovene Development Bank (SID), while the other half comes from Bulgarian BlackPeak Capital investment fund and private investors, EIF said.

Enabled by a guarantee from the EU budget, the capital enables Resalta to continue contributing towards an energy efficient and environment-friendly Europe. To date, the company developed and implemented solutions saving 300 GWH of electric energy and reducing CO2 emissions by 30000 tons a year – equal to planting 3400 ha of forest.

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

($ = 0.89275 euro)

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