The European  Investment Bank (EIB) is lending EUR 27 million to finance the energy efficiency refurbishments of residential buildings in Bucharest, Romania.The loan will support the thermal rehabilitation of 94 high-rise panel residential buildings in Sector 4 of of Bucharest. The aim of the investment is to reduce the energy consumption of the buildings concerned by some 50%. The project will save 40 GWh per year. This is the 3rd loan for energy efficiency projects provided by the EIB to a Sector Municipality of Bucharest . Full press release available here.