Donor: Austria EBRD Regional Energy Efficiency Programme (REEP Plus)
Client: The European Bank for Reconstruction and Development
Budget: 1,369,832 €

Project Description:

The European Bank for Reconstruction and Development (the EBRD or the Bank) intended to establish the Western Balkans Green Economy Financing Facility (“Facility”) which will take the form of credit lines for a total of up to ca. EUR 85 million to Participating Financial Intermediaries (PFIs) in the six countries (Albania, Bosnia and Herzegovina, FYR Macedonia, Kosovo, Montenegro and Serbia), for on-lending to eligible sub-borrowers to finance residential energy efficiency and/or small-scale renewable energy investments. The objective of this Assignment is to transfer strategic know-how and raise awareness about modern energy performance standards to contribute to the creation of a demand-driven, self-sustaining market for investments in high performance technologies and services supporting a green economy.

The specific objective is to support all aspects of the implementation of the Facility, from preparation, successful implementation and sub-project verification.

Key activities are as follows:

  • Facility set-up and administration: establish Facility infrastructure, including a network of regional offices; operational procedures; Facility website; a Technology Selector (List of Eligible Materials and Equipment) and a List of Eligible Suppliers and Installers (LESI) populated for each of WB countries.
  • General market awareness: develop information materials; promote the Facility and the benefits of best practice energy efficiency solutions, technologies and associated investments.
  • Capacity building for PFIs: develop operations manual and training materials for PFIs’ personnel (including on-line materials); deliver trainings and “train the trainer” programmes; support PFIs with the development and marketing of green residential lending products and preparation of sub-projects pipeline.
  • Capacity building for sub-borrowers: support residents and housing collectives in the identification, development and financing of building-level energy efficiency projects in multi-apartment buildings; support and build capacity of intermediaries in the development of strategies aimed at improving the availability of energy efficiency technologies in the marke

Verification, monitoring and reporting: undertake verification of sub-projects completion for projects eligible for investment incentives; Facility monitoring and reporting.