April 2018: Strong impact of KfW funding program on energy efficiency in production
April 2018
Germany’s KfW development bank has published an evaluation of its “Energy efficiency in production facilities and production processes” funding program. Since 2015 the standalone program has delivered funding in the form of interest-reduced loans for investments in production facilities, processes, cross-cutting technologies, heat recovery, waste heat utilization and CHP systems. The report states that loans amounting to EUR 2.75 billion were granted to over 700 projects in 2015 and 2016, leading to the following positive effects:
- Annual energy end-use savings of 1,110 GWh (thereof 130 GWh outside Germany)
- The enterprises financed benefit from energy cost savings worth EUR 131 million per year
- Yearly greenhouse gas reductions amounting to 475,000 tons of CO2 equivalent (thereof 413,000 tons in Germany and 62,000 abroad)
- 19,000 jobs secured or newly created.
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