Energy Efficiency

GGF partners with AFK to support green financing in Kosovo*

Photo: Pixabay

Published

October 28, 2016

Country

Comments

comments icon

0

Share

Published:

October 28, 2016

Country:

Comments:

comments icon

0

Share

Green for Growth Fund (GGF) enters its 14th market by providing EUR 1 million for energy efficiency implementation in Kosovo*.

The Green for Growth Fund (GGF)  announced a EUR 1 million senior loan to Agency for Finance in Kosovo* (AFK) in a deal that further expands and diversifies the fund’s geographic and operational scope with financing for Kosovo’s* developing energy efficiency  market, according to GGF’s press release.

AFK caters to micro- and small businesses and rural communities and has recognized the importance of energy efficiency financing and the growth potential in this sector. The investment is designed to support AFK’s desire to increase its dedicated energy efficiency financing operations, and the GGF’s first loan in Kosovo* underscores the fund’s ability to finance energy reduction measures in new markets. AFK is expected to on-lend the GGF investment to clients for measures that lower power use and emissions at residences and businesses. Along with the loan, the GGF is providing AFK with technical assistance to expand the institution’s expertise in energy efficiency lending.

GGF Chairman Christopher Knowles said: “Our work with AFK demonstrates yet again how we continue to extend the fund’s reach. By expanding the number of markets where we provide funding that reduces energy consumption and emissions, the GGF continues along the path to meeting its goals.”

AFK CEO Vahdet Anadolli said: “We feel excited and privileged to be the first MFI in Kosovo* that will receive financial and technical support from Green for Growth Fund. AFK has already established its experience in financing energy efficient projects in Kosovo*, and this new funding will allow us to further promote our values and dedication to environmental protection.”

 

* 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

Heat pumps and electric cars expected to bring small rise in power demand for Greece

Heat pumps, electric cars expected to contribute little to power demand growth in Greece

10 July 2024 - In Greece, heat pumps and electric cars are not expected to raise electricity demand significantly, contrary to earlier estimates

vinca beo cista energija waste to energy facility

Beo Čista Energija officially starts producing energy from waste at Vinča landfill in Belgrade

03 July 2024 - Beo Čista Energija started the waste incineration in February 2023 as a final phase of testing its waste-to-energy facility

Zoran Lajovic Metalfe Group

Green Steel from Sremska Mitrovica – responsible industry for sustainable future

24 June 2024 - Serbian company Metalfer Group, whose production portfolio includes the so-called Metalfer® Green Steel, has demonstrated that steelmaking can be sustainable and responsible

Milos Mladenovic, SEEPEX

D&G ideas as a response to the challenges of the energy transition or how we came to love Baudrillard

13 June 2024 - We discussed the European electricity market post-energy crisis, delving into its causes, as well as future trends in the energy market and global economy development, with SEEPEX director, Miloš Mladenović