Italy

Italy supports Lebanese energy projects

Lebanese companies looking to finance renewable energy or energy efficiency projects can apply for a loan product through Banque du Liban’s NEEREA financing mechanism that is funded by a 5 million euros ($5.8 million) grant from the Italian Environment Land and Sea Ministry (IMELS), according to Francesca Zadro, trade commissioner…

Italy boosts Lebanon’s industrial zone plans

Italy has donated nearly $600,000 to the United Nations Industrial Development Organization to fund the development of industrial zones in Lebanon, a statement from UNIDO said Tuesday. “The industry minister asked for UNIDO’s support in their efforts towards the development of sustainable industrial zones and, in doing so, provide a…

Italy grant loans for renewable energy in Lebanon

The Ambassador of Italy Massimo Marotti has announced a €5 million ($5.5 million) soft loan to be granted for the implementation of renewable energies in residential buildings. The loan will be pooled into the National Energy Efficiency and Renewable Energy Action (NEEREA) mechanism funding. NEEREA loans are subsidized by the…