The European Bank for Reconstruction and Development is partnering with NLB Banka Prishtina to increase its green investment initiatives in Kosovo. This partnership will allocate up to €10 million to green investments in micro, small, and medium-sized enterprises (MSMEs).
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Supporting Energy Efficiency and Renewable Energy in Homes
Under GEFF, the EBRD will provide a €5 million senior loan to residents, housing collectives, public sector, and construction companies. This will enable them to invest in energy-efficient and renewable energy solutions. Borrowers can upgrade their homes and buildings using green technologies and innovative solutions.
Homeowners who install certified green technolgies will benefit from incentive payments covering uptp 20% of their loan amount. Additional assistance will be available to help borrowers choose energy-efficient equipment. The European Union (EU) supports this effort through the Western Balkans Investment Framework, with contributions from Japan and Denmark.
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Driving Kosovo’s Green Energy Transition
Sergiy Maslichenko, EBRD Head of Kosovo, said, “We are proud to drive the green energy transition in Kosovo, where it is much needed. With the country’s heavy reliance on coal generation, our green investments play a critical role in reducing greenhouse gas emissions and setting a benchmark for a sustainable future. In collaboration with NLB Banka Prishtina, we aim to expand access to green financing in various sectors, empowering homeowners and MSMEs to embrace renewable energy and energy efficiency.”
The second project, part of the EBRD’s SME Go Green programme, includes another senior loan of up to €5 million. This initiative will help MSMEs invest in energy efficiency, resource efficiency, and renewable energy. The initiative will allocate 30% of the funds to agribusinesses and their value chains and 25% to women-led businesses.
The program offers incentives, providing 15% in agribusiness and 10% for other eligible green economy investments. The program will issue these payments after completing and validating the projects. Through customized capacity-building training, EU-funded technical assistance will further support local firms and NLB Banka Prishtina.