Energy Efficiency

New energy efficiency framework for households in Western Balkans

ebrdgeff.com

Published

March 19, 2018

Country

Comments

0

Share

Published:

March 19, 2018

Country:

Comments:

0

Share

Households in Kosovo* are now able to apply for loans at local partner financial institutions for green technology solutions through the Green Economy Financing Facility (GEFF) for Kosovo*.

GEFF has been launched by the European Bank for Reconstruction and Development (EBRD) and will provide loans to households for energy efficiency improvements, under the Regional Energy Efficiency Programme for the Western Balkans (REEP). The initiative is funded by the EU and implemented by the EBRD in partnership with the Energy Community Secretariat.

Credit lines of EUR 8.5 million have already been signed by three local partner financial institutions, TEB Banka në Kosovë and micro financial institutions including Kreditimi Rural i Kosoves (KrK) and Agjencioni për Financim në Kosovë (AFK), as part of a larger EUR 85 million GEFF programme operating in the Western Balkans.

Through the GEFF programme, families in Kosovo will have an opportunity to implement green technology solutions, such as new double-glazed windows, high-efficiency boilers, or insulation for their homes.

“Households investing in such energy efficient technologies will be eligible to apply for an EU grant for up to 20% of their investment. Companies producing and installing these energy efficient solutions, such as windows or boilers, can also access financing under the GEFF programme. In addition, technical assistance, including energy audits for the renovation of multi-apartment buildings, will be available under the GEFF,” a statement by the EBRD reads.

In total, the REEP programme will benefit from EUR 135 million for investments in the residential sector, supported by  EUR 30 million in EU funding, EUR 1.8 million from the European Western Balkans Joint Fund, as well as EUR 3.3 million provided by the Austrian Federal Ministry of Finance.

* 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

Federation of BiH to invest USD 70 million in air quality improvement sarajevo

Federation of BiH to invest USD 70 million in air quality improvement

09 June 2023 - The World Bank has approved a USD 50 million loan to the Federation of Bosnia and Herzegovina

EU modernization fund Bulgaria Croatia Romania

EU pays out EUR 1.4 billion to Bulgaria, Croatia, Romania for green transition

09 June 2023 - The European Union's Modernization Fund has paid out EUR 2.4 billion for the seven member states, which is the joint largest disbursement

Rumen Radev Hydrogen investor becomes Bulgaria s new energy minister

Hydrogen investor becomes Bulgaria’s new energy minister

08 June 2023 - Bulgaria's new Minister of Energy Rumen Radev is a director of Holding Zagora, which participates in the Stara Zagora hydrogen valley project

CAN Europe Western Balkan contries in preparing NECP national energy climate plan

CAN Europe: Western Balkans took little to no action in preparing NECPs

05 June 2023 - In 2021, the obligation to adopt NECPs was postponed until 2024 at the latest while the deadline for delivering drafts is June 30, 2023