Clean Energy

Clean Energy

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Clean Energy

Number of projects

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Investment value

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Grant value

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Loan value

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The energy sector in the Western Balkans is characterised by insufficient and ageing infrastructure, relatively high reliance on fossil fuels, late adoption of renewables beyond hydropower and residential biomass, limited energy efficiency and energy productivity, high rates of energy poverty despite usually high levels of direct and hidden energy subsidies (mostly targeted towards fossil fuels), limited market mechanisms and private sector participation. Thus, it faces a unique dual transition: from centralised state-controlled systems to open and competitive markets, and towards decarbonisation.

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Investment Priorities

Latest News

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Kotor elementary school, Montenegro, transforms into an energy-efficient educational facility
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12-06-2024

Kotor elementary school, Montenegro, transforms into an energy-efficient educational facility

Through the Regional Energy Efficiency Programme, 3 more schools have been renovated to reduce emissions and c...

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Work starts on energy efficient rehabilitation of student dormitories in North Macedonia
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11-06-2024

Work starts on energy efficient rehabilitation of student dormitories in North Macedonia

The new energy-efficient student housing will reduce carbon emissions and save costs

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Western Balkans households invest over €100 million in energy-saving measures
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04-06-2024

Western Balkans households invest over €100 million in energy-saving measures

Thanks to the Green Economy Financing Facility (GEFF), CO2 emissions have been reduced by more than 25,000 ton...

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Economic and Investment Plan for the Western Balkans

Through the Economic and Investment Plan, the support in the field of energy will be reinforced. Strong emphasis will be put on energy market integration, decarbonisation and clean energy, just transition, increased digitalisation of the system and smart grids, energy efficiency, including modernisation of district heating, and energy security. These are the key pillars of the Economic and Investment Plan for the Western Balkans in line with the aims of the Green Agenda. Participation in the Energy Community Treaty provides a clear policy framework and bears the potential for regional growth through multi-country projects, and by tapping into the region’s large renewable energy and energy efficiency potential. WBIF support is oriented to the Plan’s priorities: Flagship 4 - Renewable energy, Flagship 5 - Transition from coal, Flagship 6 - Renovation wave.

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Objectives

Decarbonisation

Transition from coal to sustainable and clean energy in line with the aims of the European Green Deal.

Enhanced connectivity

Extension of the Energy Union to the Western Balkans for a successful clean energy transition in the region.

Renewable energy sources

Environmentally sound investments in hydro, solar, wind and geothermal sources.

The Western Balkans-Ukraine initiative

The “Coal regions in transition platform" to support inclusive transition strategies.

Low emission gas infrastructure

Widely available, secure and affordable source of energy that will keep the region competitive.

Increase in energy efficiency

A refurbished building stock will help pave the way for a decarbonised and clean energy system.

Energy interconnections

Acceleration of the integration of Central and South Eastern European gas and electricity markets.

The Innovation Agenda for the Western Balkans

Further boost to technology transfer, and access to world-class research infrastructure.

Achieved results

2009 - 2022

  • 176 MW renewable energy generation capacity installed
  • 192 km of electricity transmission lines upgraded
  • 376 public buildings retrofitted and 1,600 GWh/year of energy saved

Expected results

2023 - 2031

  • 2,330 MW renewable energy generation capacity installed
  • 1,059 km of electricity transmission lines upgraded and power supply secured
  • 727 km of future-proof gas pipelines built

Energy Community

The Energy Community is an international organisation which brings together the European Union and its neighbours to create an integrated pan-European energy market. The organisation was founded by the Treaty establishing the Energy Community signed in October 2005 in Athens, Greece, in force since July 2006. The key objective of the Energy Community is to extend the EU internal energy market rules and principles to countries in South East Europe, the Black Sea region and beyond on the basis of a legally binding framework.

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Connectivity Agenda

(2015-2020)

In 2015, the European Commission set aside up to €1 billion in grants until 2020, from the EU Pre-Accession Instrument, to support the connectivity agenda. In November 2020 at the summit in Sofia, the Western Balkan leaders welcomed the 2020 connectivity package with six projects in the areas of sustainable transport and clean energy. This package completes the delivery of the EU’s 2015 pledge, while at the same time constitutes the first step towards the implementation of the flagship projects of the Economic and Investment Plan.

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Latest Videos

Publications

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WBIF Trans-Balkan Electricity Corridor: Grid Section in Montenegro Factsheet
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15-05-2024

WBIF Trans-Balkan Electricity Corridor: Grid Section in Montenegro Factsheet

WBIF Trans-Balkan Electricity Corridor: Grid Section in Montenegro Factsheet (May 2024)


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WBIF Bilateral Donors Factsheet
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15-04-2024

WBIF Bilateral Donors Factsheet

WBIF Bilateral Donors factsheet (last updated in April 2024).

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WBIF Clean Energy
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15-04-2024

WBIF Clean Energy

WBIF Clean Energy Factsheet (April 2024)

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Partner Financial Organisations

Western Balkans Partners