EBRD to credit energy efficiency projects in Kosovo with EUR 1.5 million

The European Bank for Reconstruction and Development (EBRD) announces that it is providing a loan of up to EUR 1.5 million to Agency for Finance in Kosovo (AFK), to increase the financing of the green economy.

The funds will be on-lent for investments in high-performance energy efficiency technologies, materials and solutions in residential dwellings or buildings. With these investments households will not only become more energy efficient but will also decrease their greenhouse gas emissions, reducing their impact on the environment.

The loan is provided under the Green Economy Financing Facility (GEFF) for the Western Balkans, a regional facility that has been launched to support residential energy efficiency investments in the Western Balkans.

– The country’s housing stock leaves considerable room for improvement in terms of energy and resource efficiency and it is therefore very important to invest in this area. With the active engagement of our local partner we are confident of achieving significant progress and tangible results already in a short period of time – Nick Tesseyman, EBRD Managing Director, Financial Institutions, said.

AFK was established in 2000 and provides access to finance to micro and small entrepreneurs in Kosovo, especially in rural areas. It serves the entire territory of Kosovo through a network of currently 20 branches.

As the press release adds, Vahdet Anadolli, CEO of AFK said reminded that, in cooperation with the EBRD, AFK has already successfully implemented the KOSEP project.

– Now, through this additional loan from GEFF, AFK will be able to promote further its social and environmental objectives by financially supporting small-scale energy efficiency projects.

EBRD Evropska banka za obnovu i razvoj Beograd

European Bank for Reconstruction and Development

EBRD

Agency for Finance in Kosovo

AFK

energy efficiency

financing projects of energy efficiency in Kosovo

green economy

Green Economy Financing Facility

GEFF

Nick Tesseyman

Vahdet Anadolli

KOSEP project

Kosovo Sustainable Energy projects