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

0

Share

Published:

June 29, 2021

Country:

Comments:

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

winners EU Sustainable Energy Week Awards EUSEW

Here are winners of EU Sustainable Energy Week Awards

26 October 2021 - Filip Koprčina from Croatia is one of the laureates at this year's edition of the EU Sustainable Energy Week – EUSEW

EU EUSEW sustainable energy energy crisis

EU kicks off EUSEW: sustainable energy is key to overcome energy crisis

25 October 2021 - Renewables insure the EU against rising energy prices and cut its dependency on fossil fuel imports, Von der Leyen said at the opening of EUSEW

Europe first LFP battery gigafactory built in Serbia ElevenEs

Europe’s first LFP battery factory to be built in Serbia

21 October 2021 - ElevenEs will produce LFP batteries for vehicles and energy storage in Subotica, Serbia. It will build the plant with the help of EU funds.

Tuzla to decarbonize district heating system

Tuzla plans to decarbonize its district heating system

19 October 2021 - Tuzla intends to cut heating emissions to 4% of their current level by 2040 with desulphurization, renewables and network expansion