The investment is directed toward a project issued by the Austrian bank KommunalKredit, with the goal of improving infrastructure and advancing the transition of these three countries toward a low-carbon economy.

IFC aims to foster economic growth, enhance infrastructure, and expand energy access. The initiative is expected to finance 10 projects with a total value of €600 million.

In Bulgaria, Poland, and Romania, renewable energy currently represents 14-19% of the total energy mix, falling short of the European Union's targets. IFC has been actively involved in infrastructure improvement projects across these countries for many years.