GGF and TBC Leasing Expand Access to Local Currency Finance for Energy Efficiency Measures in Georgia

The Green for Growth Fund (GGF) has provided TBC Leasing with a loan of $5 million equivalent in Georgian lari to bolster energy efficiency (EE) measures among small and medium enterprises (SMEs). This is the first loan disbursed using the recently created share class to absorb local currency fluctuations. By providing the funding in local currency, the partners aim to alleviate the exchange rate risk for these clients, while also helping them to cope with the economic challenges of the global pandemic.

TBC Leasing has been a valuable ally for the GGF since 2017. It has demonstrated strong commitment to promoting energy savings through its tailored green leasing solutions to SMEs. The new financing from GGF will be used to enable the company’s clients to make more energy efficient investments and contribute to a greener economic recovery of the country. The projected energy savings from the investments are estimated at 13,380 MWh/a, preventing the emission of 2,863 tons of CO2.