EBRD, EU and Austria support residential energy efficiency in Serbia
EBRD, EU and Austria support residential energy efficiency in Serbia
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Local currency EBRD loan of RSD 1.2 billion (€10 million equivalent) to Erste Bank Serbia for investments in energy efficiency
Additional EU-funded cashback incentive worth up to 20 per cent of loan amount
GEFF supported by EU, Austria and Western Balkans Investment Framework More than 2,200 homeowners in Serbia have improved the energy efficiency of their homes with support from dedicated green loans and even more will be able to do so, thanks to a new RSD 1.2 billion credit line (€10 million equivalent) provided by the European Bank for Reconstruction and Development (EBRD) to Erste Bank.
EBRD and partners support residential energy efficiency in North Macedonia EBRD and partners support residential energy efficiency in North Macedonia
Borrowers receive up to 20 per cent cashback on successful home improvements
GEFF supported by the EU, Austria and the Western Balkans Investment Framework More homeowners in North Macedonia will be able to invest in domestic energy efficiency improvements, thanks to a new €2 million credit line that the European Bank for Reconstruction and Development (EBRD) is extending to Ohridska Banka. Ohridska Banka will lend the funds to privately owned households to invest in energy efficiency measures, such as insulation, windows, heat pumps and solar panels. On successful completion of the projects, borrowers will be eligible for up to 20 per cent cashback.
How to go solar in Serbia
How to go solar in Serbia
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EBRD GEFF credit line for energy efficiency helps a homeowner in Belgrade to install solar panels With many sunny days, Serbia has great potential for solar energy. However, the use of solar power in residential buildings and individual houses is still in its early stages. The country’s recently adopted energy laws, combined with the lower costs of solar technology, raise expectations that this may soon change. For Nikola Rađenović from Belgrade there were no doubts about installing solar panels on his house, even before these developments. He has been determined to invest in renewables, which he sees not only as financially interesting, but also ethically right.
EBRD lending 1 mln euro to N. Macedonia s Komercijalna Banka to back green investment Photo: EBRD
SKOPJE (North Macedonia), December 31 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said it is extending a 1 million euro ($1.2 million) loan to Komercijalna Banka Skopje [MSE:KMB], to support green investments in North Macedonia s residential sector.
The loan, provided to the largest bank in North Macedonia under the EBRD’s Green Economy Financing Facility (GEFF), will be used to finance investments in high-performance green technologies, materials and solutions in privately-owned houses or residential buildings, the EBRD said in a statement on Wednesday.
GEFF is implemented under the umbrella of the Regional Energy Efficiency Programme for the Western Balkans (REEP Plus), funded by the EU and implemented in partnership with the Energy Community Secretariat. Komercijalna Banka Skopje is the fifth bank in the country to join GEFF.�
EBRD and Komercijalna Banka Skopje promote green investments in North Macedonia
Loan under Green Economy Financing Facilities (GEFF)
Financing energy-efficient investments in the residential sector The European Bank for Reconstruction and Development (EBRD) is supporting green investments in North Macedonia with a €1 million loan to Komercijalna Banka Skopje under the EBRD’s Green Economy Financing Facility (GEFF). The funds will be available for green investments in the country’s residential sector. This will include investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. Andi Aranitasi, EBRD Head of North Macedonia, said: “We are pleased to expand our green activities in North Macedonia and to welcome Komercijalna Banka Skopje on board. Supporting green investments is one of our key priorities and we are glad that the largest Macedonian bank is joining us in this endeavour. Connect