Kosovo receives loan under Green Economy Financing Facility

EnergyNewsSouth-East European INDUSTRIAL Мarket - issue 1/2021 • 30.03.2021

Kosovo receives loan under Green Economy Financing Facility

The European Bank for Reconstruction and Development (EBRD) is supporting green investments in Kosovo with a EUR 2,5 million loan to ProCredit Bank Kosovo (PCBK), a development-oriented commercial bank. The funds will support investments in high-performance green technologies, materials and solutions undertaken in or in relation to privately owned residential buildings.

The financing is extended under the EBRD’s Green Economy Financing Facility (GEFF) for the Western Balkans which supports residential energy efficiency investments in a region that includes some of the most energy-intense countries in Europe and suffers from high emissions of greenhouse gases. The new EBRD loan will be on-lent to individuals, housing collectives, producers, vendors of green technologies and service providers for investments supporting the green transition in Kosovo.

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