European Bank for Reconstruction and Development published an invitation for expressions of interest for consultancy services in scaling up its operations of Sustainable Energy Financing Facilities (SEFF) in Croatia.
Households are the largest energy user, consuming more than 30% of the total final energy consumption, the notice said. Households are also the largest consumer of electricity.
Almost 50% of all occupied residential buildings were built before 1970, before the introduction of the first thermal regulations for new buildings and consume on average 250 kWh/m2 for space heating (EU-27 average is around 130 kWh/m2), the invitation said.
In order to strengthen energy efficiency in this market, the EBRD started discussions with Croatian banks to investigate their interest in launching dedicated residential energy efficiency credit products for individuals who want to renovate their dwellings.
In line with its classic SEFF model, the EBRD intends to establish a EUR 60 million Croatia Residential Sustainable Energy Financing Facility which will take the form of credit lines extended to participating financial intermediaries for on-lending to eligible sub-borrowers (individual homeowners and vendors, manufacturers, suppliers and installers of eligible equipment and materials).