Loan agreement to provide EUR 2 million for homeowners to invest on energy efficiency measures
News
European Countries,
Montenegro
Loan agreement to provide EUR 2 million for homeowners to invest on energy efficiency measures
20 November 2023
The European Bank for Reconstruction and Development (EBRD), with the support of the European Union and Austria has signed a loan agreement with NLB Banka in Montenegro.
Editorial Team
The Green Economy Financing Facility (GEFF) is offering funds to support high-performance green technologies in privately owned residential buildings. The initiative, backed by the EU, bilateral donors, and the Austrian Federal Ministry of Finance, aims to assist homeowners in acquiring energy-saving equipment like insulation, windows, heat pumps, and solar panels. Beneficiaries can receive technical assistance and subsidies amounting to 20% of the loan value post-installation.
The project, part of the Regional Energy Efficiency Programme, addresses CO2 emissions from residential buildings, enhancing citizens' energy efficiency and contributing to a greener environment in Montenegro, as highlighted by the EBRD and NLB Bank.
Themes
Policy and Regulatory Frameworks
Financial support for energy efficiency in buildings, research and innovation
Energy efficiency technologies and solutions
Renewable Energy Sources (RES)
