Sustainable Energy Finance
Fransabank’s Sustainable Energy Financing (SEF) program was initiated in 2012, as part of a “Go Green” Strategy, in order to address environmental sustainability. Although it cuts across all departments, it was also devised as a standalone business line, to become one of the Bank’s core activities.

Why SEF is worthy for businesses?

  • It allows businesses to cut on their spending generating savings of up to 30% in electricity costs.
  • It improves equipment performance and cleaner production: Older equipment and technologies are highly inefficient in terms of production yield, operating, maintenance and manpower costs.
  • It creates environmental and social responsibility: Sustainable energy promotes cleaner energy production and minimizes greenhouse gas emission.

What type of projects do SEF cover?

  • Projects aimed at improving the efficiency of energy use in industrial processes
  • Renewable energy projects such as biomass, biogas, small hydro, wind and solar energy, and geothermal
  • Energy efficiency measures in buildings (upgrade or replacement of lighting, cooling and heating, air compression, and building management systems)
  • New building construction: green building design.

Building the Ecosystem

Fransabank has been expanding its partnerships will all the players in the sustainable energy field whether locally, regionally, or internationally; among which:

the main official actors of this market including but not limited to the Ministries of Energy and Water, the Central Bank of Lebanon as well as the Lebanese Center for Energy Conservation (LCEC)

Several international finance institutions and development banks (International Finance Corporation (IFC), European Investment Bank (EIB), Agence Française de Développement (AFD), German Investment Corporation (DEG), Opec Fund for International Development (OFID), European Bank for Reconstruction and Development (EBRD)).

Our customer value scheme:

  • Identification of the needs.
  • Accompanying the client in its greening through energy audits.
  • Accompanying the client in all the steps of the procedure.
  • Proposing adapted consultants.
  • Offering solutions and list of suppliers in each domain.
  • Proposing an adequate financing solution for each project.

Local Partnerships

  • IPT  
    Fransabank partnered with the Lebanese oil private sector, in particular the IPT Gas Stations, and signed a Memorandum of Understanding (MoU) on the implementation of IPT Energy and Environmental Management Strategy (EEMS) which aims to transform IPT Stations into green and sustainable ones.

  • Lau  
    Fransabank signed a MoU with the Lebanese American University (LAU) crowning the partnership between LAU and Fransabank to cooperate with the objective to fight climate change and create global awareness. Fransabank will be financing LAU energy related projects. This partnership falls in line with LAU objectives to transform into a green and sustainable institution for a greener Lebanon.

  • The Chamber of Commerce  
    Fransabank signed another MoU with The Chamber of Commerce, Industry, Agriculture of Tripoli and North Lebanon and Phoenix Energy to build a solar power station in Tripoli which aims to provide the city with extra power of 5 megawatts.

  • Green School  
    Fransabank targeted the educational sector signing a MoU with E-Eco Solutions for the Green Schools Certification Program to support schools in their “greening” process. As a strategic financial partner, the Bank would provide school with credit facilities to help them turn into environmentally conscious institutions.

  • Association of Lebanese Industrialists  
    Fransabank and the Association of Lebanese Industrialists signed a MoU with the aim of elevating the industrial sector and its role in supporting the economic and social development of Lebanon. Our contribution would encourage industrialists to adopt alternative energy, which would lessen the limitation of Lebanese industry regional competitiveness.

  • Lebanese Ministry of Industry  
    Fransabank signed a MoU with the Lebanese Ministry of Industry with one of the main objectives being to promote the recourse to sustainable energy and environmental projects for all industrials in Lebanon, thus supporting the shifting to cleaner and more efficient productions.

Our Outcome Highlights

  • Energy  
  • Renewable energy  
    Renewable energy
  • Environmental  
  • Green Building  
    Green Building