EBRD, EU and Austria support residential energy efficiency in Serbia

Energy efficiency
National

Beneficiary Country:

  • Serbia Serbia

Type and/or measure of energy efficiency in buildings:

  • Single dwelling
  • Apartments/multi-residential dwellings
  • Change of doors and windows
  • Insulation
  • Installation of decentralized RES
  • Heating and cooling

Donation passport

Donor/IFI: EBRD, European Union, Other
Starting Year: 2021
Budget: 10 mil EUR
Type of Donation: Policy based loan and grant
Status: Planned
EBRD European Union

Lead Donor Contact

EBRD
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Overview of the program

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, Austria.

The lender will offer these funds to households for investments in energy efficiency measures, such as insulation, windows, heat pumps and solar panels. After successfully implementing these measures, borrowers will be eligible for cashback of up to 20 per cent, funded by the European Union (EU).