EBRD, EU and Austria promote energy efficiency in buildings, Albania

Environment Climate
National

Beneficiary Country:

  • Albania Albania

Type and/or measure of energy efficiency in buildings:

  • Single dwelling
  • Apartments/multi-residential dwellings

Donation passport

Donor/IFI: EBRD, European Union, Other
Starting Year: 2020
Budget: 7 mil EUR
Type of Donation: Policy based loan
Status: Closed
EBRD European Union

Lead Donor Contact

European Bank for Reconstruction and Development
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+44 20 7338 7168
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Short description of the overall project

EUR 5 million loan to be provided by the European Bank for Reconstruction and Development (EBRD) to Banka OTP Albania for on-lending to borrowers with green investment plans for their homes. According to the EBRD, investments in residential buildings “will cut energy bills and reduce CO2 emissions”. The funds are part of the

EBRD’s Green Economy Financing Facility (GEFF) in Albania.

The EUR 1 million grant support for the preparation and implementation of the projects is funded by Austria. Successful projects are eligible for a cash-back payment of up to 20% of the investment value. This incentive is funded by the European Union (EU) which provided a total of EUR 1 million in grants.

 

Energy savings achieved / expected
Financial instruments used / use of current financial mechanisms on-lending to borrowers with green investment, TA, Successful projects are eligible for a cash-back payment of up to 20% of the investment value