Boosting household energy efficiency through Sparkasse Bank Makedonija, North Macedonia
Energy efficiency
Climate
Environment
National
Beneficiary Country:
-
North Macedonia
Type and/or measure of energy efficiency in buildings:
Lead Donor Contact
European Bank for Reconstruction and Development
Short description of the overall project
Sparkasse Bank Makedonija has become the first Macedonian bank to receive EBRD financing for home energy efficiency through a €2 million loan to support investments in energy-saving improvements in the residential sector. The initiative is designed to help local households, housing associations and service providers invest in energy efficiency measures and renewable energy projects. Loans are provided via local financial institutions and are backed by incentives from the European Union on successful completion of renovation projects.
Energy savings achieved / expected |
|
|---|---|
| Financial instruments used / use of current financial mechanisms | Loans are provided via local financial institutions. |