Energy Efficiency

EBRD approves EUR 2 million credit line for household energy efficiency in Kosovo*

insulation-household-energy-efficiency-kosovo

Photo: Pixabay/AKuptsova

Published

June 29, 2021

Country

Comments

comments icon

0

Share

Published:

June 29, 2021

Country:

Comments:

comments icon

0

Share

The European Bank for Reconstruction and Development (EBRD) has approved a new EUR 2 million credit line to the Agency for Finance in Kosovo* (AFK) for financing investments in household energy efficiency.

The lending will be approved to homeowners to invest in household energy efficiency measures such as insulation, energy-efficient windows and doors, heat pumps, and solar panels.

Borrowers will be eligible for refunds of up to 20% of the total investment thanks to funding from the European Union (EU), the EBRD has said in a statement.

The credit line is provided under the EBRD’s GEFF program

The loan to AFK is provided under the EBRD’s Green Economy Financing Facility (GEFF) program, which supports energy-efficient ways to create a greener and more sustainable economy. In the Western Balkans alone, the GEFF has a volume of EUR 135 million.

It is supported by the EU, the Western Balkans Investment Framework (WBIF), and the Austrian Federal Ministry of Finance, as part of the Regional Energy Efficiency Program (REEP) for the Western Balkans.

Neil Taylor, EBRD Head of Kosovo*, said the WBIF will continue to improve energy efficiency in the residential sector to reduce air pollution and greenhouse gas emissions.

GEFF has to date lent over EUR 7.7 million for individual projects in Kosovo*

The GEFF in Kosovo*, through its partner financial institutions, has so far reached 960 households and provided loans of more than EUR 7.7 million for individual projects, helping save over 9 GWh of energy and avoid more than 3,100 tons of CO2 emissions a year.

Across the Western Balkans, around 7,900 households have improved their energy efficiency through the GEFF, investing in projects that have contributed to cutting CO2 emissions by more than 11,000 tons per year, according to the EBRD.

* This designation is without prejudice to positions on status and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Cities are driving the transition to climate neutral and fair housing

Cities are driving the transition to climate neutral and fair housing

19 May 2025 - City governments are ready to lead the transition to climate-neutral buildings by 2050, but they cannot do it alone

serbia germany kfw heating plants renewables district heating konrad muler

Serbia to invest EUR 60 million in renewables in district heating

16 May 2025 - The Minister of Mining and Energy met with Ambassador Anke Konrad and KfW's Director for Southeast Europe and Turkey Klaus Müller

North Macedonia Law on Energy

North Macedonia adopts Law on Energy

15 May 2025 - With a majority of votes, 62 out of 120, the Assembly of North Macedonia adopted the Law on Energy, aligning the legal framework with the EU

croatia subsidies energy poverty fzoeu

Croatia sets EUR 25 million in incentives for energy poor households

22 April 2025 - Croatia has earmarked EUR 25 million for households at risk of energy poverty. They will use the funds for energy renovation