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Project details
Regional Energy Efficiency Programme for the Western Balkans (“REEP Plus”)
| Type of entry | Project |
|---|---|
| Date (start - end) | 31.12.2017 - 31.12.2023 |
| Scheduled status | Completed |
| Areas of intervention | |
| Sectors |
23183 - Energy conservation and demand- side efficiency |
| Locations |
Albania Bosnia and Herzegovina Republic of North Macedonia Serbia Kosovo* Montenegro |
| Donors |
European Commission
European Commission LOI 15, 03/086 + 800 6 7 8 9 10 11 |
| Implementers |
DG NEAR, D5, Unit for Western Balkans Regional Cooperation and Programmes European Bank for Reconstruction and Development (EBRD) European Investment Bank (EIB) Kreditanstalt für Wiederaufbau (KfW) |
| Beneficiaries |
Albania Bosnia and Herzegovina Kosovo* Montenegro Serbia Republic of North Macedonia |
| Description | The Action supports the extension of the Regional Energy Efficiency Programme for the Western Balkans – a comprehensive programme that will be implemented by two lead IFIs (European Bank for Reconstruction and Development - EBRD and Kreditanstalt für Wiederaufbau – KfW), with aim to deliver energy efficiency finance using investment grants and technical assistance to address persisting market barriers, and thus stimulating the longer-term market development. The programme sets out to create an enabling policy environment, support investment preparation and provide medium-term financing to encourage households, businesses and the public sector to prioritise investment in energy efficiency. The Action focuses on enabling financing operations and extends the existing programme to benefit the residential sector. The Action is fully in line with the IPA Strategy Papers 2014-20 and the Energy Community Treaty targets mirroring EU 2020 agenda, as well as contributing to the implementation of the National Energy Efficiency Action Plans (NEEAP) (2010-2018), prepared and adopted by the Western Balkans, as part of their obligations under the Treaty. MULTI-COUNTRY Regional Energy Efficiency Programme for the Western Balkans (“REEP Plus”) |
* This designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo declaration of independence