Kosovo receives loan under Green Economy Financing Facility

• Energy • News • South-East European INDUSTRIAL Мarket - issue 1/2021 • 30.03.2021

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.

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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.

Keywords: EBRD, Green Economy Financing Facility, GEFF, green technologies, green economy, investment, loan, Kosovo