Western Balkans Sustainable Financing Facility (WeBSEFF)
€12 million credit line facility from the EBRD to participating financial institutions in North Macedonia under the €117 million regional WebSEFF framework for on-lending to businesses, Energy Service Companies (ESCOs), municipalities and public entities investing in energy efficiency in commercial operation and buildings as well as renewable energy projects.
Overall, the facility’s investments in projects have contributed to saving more than 176 million kWh of energy and more than 14 million kg of CO2 emissions per year.
Loans were provided by 2 partner financial institutions: Ohridska Bank and NLB Tutunska Bank
Advisory services from experts were made available to borrowers and partner financial institutions and included energy assessments, training and marketing support. The advisory aims to support borrowers in selecting the best solutions and implementing their projects.
The advisory services and investment incentives were funded by the following donors: European Union under the “Regional Energy Efficiency Programme for the Western Balkans” program