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Energy policy

ITS Continues to Reinforce Skills for Effective Financing of Sustainable Energy in Armenia

2014-03-01 - Yerevan, Armenia

From 25 February to 1 March 2014, a team of INOGATE Technical Secretariat (ITS) experts conducted a workshop on financing of energy efficiency (EE) / renewable energy sources (RES) projects for the Union of Credit Organizations of the Republic of Armenia (UCORA) in Yerevan.

The ITS has been reinforcing the knowledge and skills of banking sector employees in INOGATE Partner Countries to facilitate investment in sustainable energy and to mitigate risks for successful implementation of EE/RES projects. This workshop was the third in a series organised by ITS in Armenia.

Participants acquired hands-on skills for developing and evaluating EE/RES projects and how to create optimal financing structures and conditions for such projects. During the 5 days of lectures and practical exercises, the participating bankers, loan officers and investment specialists learned how to improve EE/RES lending conditions and how to design and install suitable and flexible lending products.

Overall, these new skills and knowledge will help credit organisations to enhance their portfolio of EE/RES investments and strengthen their position in financial markets through cooperation with international financial institutions.

The workshop was provided by the ITS in cooperation with the Finance for Economic Development (FED) Program of USAID. The documents and materials related to this workshop are available here.