Policy status:In Force
Date Effective:2001
Policy Type:Economic Instruments>Fiscal/financial incentives>Loans
Policy Target:Multiple RE Sources>All
Policy Sector:Multi-sectoral Policy
Size of Plant Targeted:Small
Agency:French Agency for Environment and Energy Management (ADEME)
Description:The FOGIME was created in 2000 in co-operation with the French development bank for small and medium size enterprises (SMEs) and ADEME. The guarantee fund for investments in energy sustainability (efficiency and renewables) has a budget of approximately ? 17.8 million, of which ? 7.62 million comes from ADEME and ? 10.21 million come from a branch of the development bank for SMEs (BDPME). This fund guarantees up to ? 242 million for loans to the private sector. Its goal is to provide SMEs with the option to obtain loans for energy efficiency and renewable energy investments. This guarantee is only available for SMEs created prior to 2000. Eligible investments include: high performance production, use, recovery and energy storage equipment; energy efficient modifications of production processes and renewables. The guarantee covers medium and long-term risks (2-15 years) and insures the risk taken by the financial institution providing the loan. The guarantee covers 70% of the loan in comparison to 40% average coverage rates for other SME projects covered by BDPME.

Last modified: Wed, 11 Jul 2012 16:58:12 CEST