Fondi BESA, Albania

Energy efficiency Climate Environment
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
Budget: 1.5 mil EUR
Type of Donation: Policy based loan
Status: Ongoing
EBRD

Lead Donor Contact

European Bank for Reconstruction and Development, Green Energy Financing Facility
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Short description of the overall project

Fondi BESA, Albania’s largest microfinance institution, will receive €1.5 million for on-lending to support investments in energy efficiency technologies, materials and measures in privately-owned residential dwellings or buildings. The total loan amount is €3 million.

The investments are expected to lead to energy savings of more than 68,000 MWh per year and the reduction of annual greenhouse gas emissions by more than 21,250 tonnes of CO2.

Fondi BESA has more than 32,200 clients in Albania with a loan book of €87 million and assets of €107 million. It is 66 per cent owned by the Albanian Besa Capital Foundation, a non-profit organisation. The company has been an EBRD partner since 2010 and provides micro-lending to individuals and small businesses across Albania.

 

Energy savings achieved / expected
Final energy savings (kWh) 68,000,000 / year
CO2 emission reduction achieved /expected in kt Co2eq 21,250 / year
Financial instruments used / use of current financial mechanisms On-lending to support investments in energy efficiency technologies, materials and measures in privately-owned residential dwellings or buildings.