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

Serbia sets EUR 70 million for energy efficiency, solar panels subsidies for citizens

Serbia sets EUR 70 million in subsidies for households for energy efficiency, solar panels

31 January 2023 - The public call for subsidies is intended for local authorities, which should later launch public calls for citizens

Manage your energy investment in North Macedonia smartly – ask our legal partners for the latest market insights

Manage your energy investment in North Macedonia smartly – ask our legal partners for the latest market insights

26 January 2023 - If you are looking to invest in the energy sector of North Macedonia, submit questions you might have about the existing regulatory framework in the country

vojvodina ebrd energy effciency loan public buildings mirovic colangeli

Serbia’s Vojvodina province to invest EUR 16 million in energy efficiency of public buildings

25 January 2023 - The measures consist of thermal insulation, installation of new windows and energy-efficient lighting and the improvement of the HVAC system

Serbia power heating utilities sign contract on heating pipeline tent obrenovac cogeneration

Serbia’s power, heating utilities sign contract on heat pipeline

19 January 2023 - Beogradske Elektrane and Elektroprivreda Srbije have signed an agreement on the construction of infrastructure for the pipeline