SlovSEFF is a sustainable energy financing facility developed by the European Bank for Reconstruction and Development (EBRD). Its latest extension, co-funded by the Ministry of Environment of the Slovak Republic and the Ministry of Agriculture, Food and Environment of Spain, provides a credit line of up to € 100 million to Slovak commercial banks. Incentive payments are funded from the proceeds of the sale of carbon credits from the Slovak Republic to Spain, facilitated by the EBRD.

SlovSEFF projects are divided into three groups:

• Renewable energy - purchase and installation of equipment, systems and processes utilising renewable energy resources for the generation of electricity and/or heat and/or cooling and/or any other form of energy replacing fossil fuel resources
• Industrial energy efficiency - purchase of equipment, systems and processes that enable the reduction of primary energy consumption, final consumption of electricity, fuels or other forms of energy in companies
• Residential energy efficiency - thermal rehabilitation projects of blocks of flats consisting of the thermal insulation of the building envelope (external walls, roofs, basements) along with other measures within the residential sector

Financing is provided via Slovak banks (Slovenská sporitelňa, VÚB banka and OTP banka) in the form of an incentive (grant) as a percantage of a loan.