Eptisa will support the establishment of a Green Economy Financing Facility in the Western Balkans

The project plans to invest 85 million euros in energy efficiency in six countries through credit lines

September 06, 2017

The European Bank for Reconstruction and Development intends to establish the Western Balkans Green Economy Financing Facility (GEFF). This financing facility will take the form of credit lines for a total of up to ca. € 85 million to Participating Financial Intermediaries in the six countries involved: Albania, Bosnia and Herzegovina, FYR Macedonia, Kosovo, Montenegro and Serbia, for on-lending to eligible sub-borrowers to finance residential energy efficiency and small-scale renewable energy investments.

The objective of this assignment is to transfer strategic know-how and raise awareness about modern energy performance standards to contribute to the creation of a demand-driven, self-sustaining market for investments in high performance technologies and services supporting a green economy.

Eptisa will support the project implementation with the following activities:

  • GEFF set-up and administration: establish Facility infrastructure, including a network of regional offices; operational procedures; Facility website; a Technology Selector (List of Eligible Materials and Equipment) and a List of Eligible Suppliers and Installers (LESI) populated for each of WB countries.
  • General market awareness: develop information materials; promote the GEFF and the benefits of best practice in energy efficiency solutions, technologies and associated investments.
  • Capacity building for Participating Financial Intermediaries (PFI): develop operations manual and training materials for PFIs’ personnel (including on-line materials); deliver trainings and "train the trainer" programmes; support PFIs with the development and marketing of green residential lending products and preparation of sub-projects pipeline.
  • Capacity building for sub-borrowers: support residents and housing collectives in the identification, development and financing of building-level energy efficiency projects in multi-apartment buildings; support and build capacity of intermediaries in the development of strategies aimed at improving the availability of energy efficiency technologies in the market.
  • Verification, monitoring and reporting: undertake verification of sub-projects completion for projects eligible for investment incentives; Facility monitoring and reporting.

 Eptisa will support the establishment of a Green Economy Financing Facility in the Western Balkans