The European Investment Bank (EIB) and the Slovenian provider of energy efficiency and energy management solutions Resalta have signed an agreement for a 12 million euro loan that will allow the company to expands its reach, scope and capabilities and be able to offer its service across different parts of Europe.

Resalta is credited with a wildly successful project carried out in the Slovene capital of Ljubljana. In 2019, the company retrofitted 48 municipal buildings in the city and turned them into models of energy efficiency. For this successful project, Resalta was even awarded the European Energy Service Award by the European Commission for the best energy service project of the year.

The company has been an eager partner of both private and public entities – including of course several municipalities. Through its efforts, Resalta has managed to aid authorities in substantially reducing their own carbon footprints and thus improving the environmental outlook of entire cities.

Cooperation with the goal of expansion

The project that unites Resalta and the European Investment Bank is the project signed in Slovenia under the European Growth Finance Facility. The financing granted by the EU bank will be used for two separate purposes.

On the one hand, Resalta will be able to develop new energy management systems like technical intelligence and smart meters, while on the other it will have the chance to invest in new types of services and IT capabilities that are crucial for making buildings more energy-efficient.

Upon the signing of the agreement between the two parties, Lilyana Pavlova, Vice-President of the European Investment Bank stated that “Efficient energy consumption and energy management in the public and private sectors alike are key to the sustainable development of Europe and the success of our climate action. With its support for Resalta, the EIB is continuing to contribute to the diversification of local economies and support job creation in cohesion regions. Together with companies like Resalta, we can create smart-city solutions that protect the economy as well as the environment.”