Factsheet: Western Balkans sustainable energy financing facility

Western Balkans sustainable energy financing facility

Key Information

Country/Region:

Description: 
Western Balkans Sustainable Financing Facility (WeBSEFF) provides credit lines to partner banks in the Western Balkans to on-lend to businesses and municipalities wanting to invest in energy efficiency and small-scale renewable energy projects. WeBSEFF is part of the EBRD's Regional Energy Efficiency Programme for the Western Balkans (REEPWB). WeBSEFF is available to provide financing of up to EUR 2 m to private businesses looking to invest in modern technologies that cut energy consumption or CO2 emissions by at least 20%, retrofitting of buildings - provided the investment will make them at least 30% more energy efficient, and stand-alone renewable energy projects. Businesses receive investment incentives of 5% - 10% of the loan amount upon successful completion and verification of eligible projects. The percentage applied is based on the environmental impact of the project measured either by the reduction of CO2 emissions.
Goal/Aim: 
Stimulate investments in energy efficiency and use of renewable energy.

Sector/Topic targeted:

Status: