Nine outstanding projects from Croatia and the Western Balkans received recognition for energy efficiency

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Nine outstanding projects financed under the Western Balkans Sustainable Energy Finance Facility II (WeBSEFF II) received recognition from the European Bank for Reconstruction and Development (EBRD) as part of an initiative for promoting renewable energy in Croatia’s capital Zagreb.

The investments promoting energy efficiency and low carbon technologies in the commercial, residential, and municipal sectors were honored at the 2015 Sustainable Energy Excellence Awards ceremony hosted by the EBRD on 22 October 2016 at the Hotel Esplanade Zagreb. The event was attended by local authorities, international institutions, the diplomatic community as well as EBRD partner banks and local companies.

The prizes were awarded in nine categories with winners as follows:
Energy efficiency in the public sector - The awarded project was by the company Brod-plin, Croatia. The project was financed through WeBSEFF by Zagrebacka banka, Croatia;

Successful use of renewable energy in the public sector - The awarded project was by the company IEE, Bosnia and Herzegovina. The project was financed through WeBSEFF by UniCredit Bank, Bosnia and Herzegovina;

Utilisation of advanced technology in the production process for the improvement of energy efficiency - The awarded project was by the company Krupa-kabine, Bosnia and Herzegovina. The project was financed through WeBSEFF by Raiffeisen Bank, Bosnia and Herzegovina;

Improvement of energy efficiency in the production process for the better protection of the environment - The awarded project was by the company Kiro Dandaro, FYR Macedonia. The project was financed through WeBSEFF by Ohridska banka, FYR Macedonia;

Improvement of the production process to enable energy savings and scrap reduction - The awarded project was by the company FMB, Serbia. The project was financed through WeBSEFF by Banca Intesa,Serbia;

Improvement of energy efficiency in agricultural production - The awarded project was by the agricultural entity Radanov Miodrag, Serbia. The project was financed through WeBSEFF by Komercijalna banka,Serbia;

Energy efficiency refurbishment of business buildings - The awarded project was by the company Alkaloid, FYR Macedonia. The project was financed through WeBSEFF by NLB Tutunska banka, FYR Macedonia;

Energy efficiency refurbishment of the residential building - the awarded project was from the company Komuscak, Croatia. The project was financed through WeBSEFF by Provredna banka Zagreb, Croatia;

ESCO - the awarded project was from the company Sense Esco, Croatia. The project was financed through WeBSEFF by Erste Bank, Croatia.

These projects led to annual total equivalent primary energy savings of 386,7 GWh/y and of 205,028 tonnes of CO2/y. This amount equals the buildings energy consumption of a city with about 25,000 citizens for an entire year, and the equivalent of taking 30,000 passenger cars off the roads for a year.

Under the new Green Economy Transition approach, the EBRD is aiming to increase its green financing to around 18 billion euro or 40 per cent of its total annual investment by 2020. This approach aims to scale up the Bank’s financing to tackle the climate change over the next four years ahead the COP21 in Paris.

WeBSEFF II is part of the Regional Energy Efficiency Programme for the Western Balkans, a joint initiative of the Western Balkans Investment Framework (WBIF) and the EBRD. The European Union is supporting WeBSEFF II with EUR 11,5 million in grant funds under this umbrella, for technical assistance and investment incentives for the borrowers, who can benefit from consultation and advice such as free energy audits.