Western Balkans Sustainable Energy Financing Facility II (WeBSEFF II)
WeBSEFF II is the recent successor of WeBSEFF, which the European Bank for Development and Reconstruction (EBRD) launched in 2009 as a financing facility to grant favourable loan rates for energy efficiency and small renewable energy projects in the Western Balkan countries Bosnia and Herzegovina, FYR Macedonia and Serbia. WeBSEFF II, the succeeding fund with EUR 75 million, is said to also allow private companies and public institutions from the South-East European countries of Albania, Croatia, Kosovo and Montenegro to apply for loans and incentive grants. But although WeBSEFF II already started in July 2013, it has yet to be decided from which countries cooperating banks will participate – hence, in which countries WeBSEFF II loans will be actually available.
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Country / Region |
The Western Balkan countries of Albania, Bosnia and Herzegovina, Croatia, Kosovo, FYR Macedonia, Montenegro and Serbia |
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Name of program |
Western Balkan Sustainable Energy Financing Facility II (WeBSEFF II) |
|
Type of incentive |
Combination of loans and grants |
|
Eligible technologies |
Different installations for energy efficiency and renewable energies, such as solar thermal systems for hot water and space heating, cooling as well as drying |
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Applicable sectors |
Private enterprises, public institutions and energy service companies (ESCOs) |
|
Amount |
Loan for 100% of the project costs, up to EUR 2 million in case of private companies and up to EUR 2.5 million in case of public institutions |
|
Maximum incentive |
Incentives for successfully implemented projects: Between 5 % and 10 % of the approved loan amount for private companies and 10 % to 15 % for public institutions |
|
Requirements for system |
Not specified |
|
Requirements for installation |
Not specified |
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Finance provider |
Participating commercial banks |
|
Total funds |
EUR 75 million from the European Bank for Reconstruction and Development (EBRD) for loans EUR 11.5 million from the European Union for technical assistance and incentive grants |
|
Funding sources |
EBRD and EU |
|
Effective date |
July 2013 |
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Expiration date |
July 2017 |
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Website |
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Last review of this tabloid |
August 2013 |
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Contact |
Daniela Diedrich-Ristic Associate Manager Energy Efficiency & Climate Change Team |
