Regional Energy Efficiency Programme (REEP)

The Regional Energy Efficiency Programme (REEP) for the Western Balkans is designed to assist the Western Balkans countries in decarbonising their economies by promoting investments in renewable energy and energy efficiency measures across residential, public and private sectors.

Latest REEP News

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24-01-2025

Kosovo secures funding for energy efficiency in public buildings

A project for energy efficiency in public buildings in Kosovo was scaled up this month through a loan of up to...

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03-12-2024

WBIF Key Achievements report 2023 released

On the 15^th anniversary of the Western Balkans Investment Framework, the 2023 Key achievements report showcase...

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25-11-2024

EU, EBRD, and KfW discuss scaling up investments in energy efficiency in the Western Balkans

The Regional Energy Efficiency Programme (REEP) established by the Western Balkans Investment Framework remain...

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Launched in 2013, the programme combines a comprehensive package of financing from the EBRD and KfW, EU incentives and additional donor funds for technical assistance and policy dialogue.

Funding channelled under the REEP support the Western Balkans countries in designing and implementing legislation to eliminate market barriers to energy efficiency and accelerate the take-up of investments in this area. In addition to policy development, the programme provides the countries with financing for investments in energy efficiency and renewable energy.

Over €1.1 bn has been extended to energy efficiency upgrades in public buildings, such as schools and hospitals, as well as in residential sector, individual households and local businesses. The programme also supports the decarbonisation of local district heating companies, helping them transition to clean energy sources.

REEP results and impact

€1.1 billion worth of investments

€184.6m EU grants, €982m IFI loans

730kt CO₂/y avoided

equivalent to removing 183,000+ cars from the road

1,220 GWh/y energy saved

37% of North Macedonia’s residential electricity consumption

90 policy deliverables

Success Stories

Serbia

Ecoloans: Modernising a vegetable farm in Despotovo, Serbia

Serbia

Ecoloans: Investing in Sustainable Business: A Profitable Venture

Western Balkans

The International Energy Agency characterizes energy efficiency

Country overview

Albania

Energy Efficiency Rehabilitation Programme Student City I – Tirana

Status: Ongoing

Investment: €35m

EU grant: €4.78 m

IFI: KfW

Description: The project focuses on energy-efficient rehabilitation of up to 19 dormitories at the Student City 1 in Tirana. Technical Assistance for implementation of the Nearly Zero-Energy Buildings in at least three dormitories.

Bosnia and Herzegovina

Promotion of Investments in Energy Efficiency and Renewable Energy in the Banking Sector - Eco Loans Phase I and Phase II and Low Carbon Energy Facility Phase I

Status: Closed

Investment: €6.6 m

EU grant: €515.703

IFI: KfW

Description: Loans provided to Bosnian micro-financial institutions aimed at modernising and greening the Bosnian economy.

Low Carbon Energy Facility Project (phase I)

Status: Ongoing

Investment: €46 m

EU grant: €6 m

IFI: KfW

Description: The project constitutes the next phase of Ecoloans programme aimed at modernising and greening the Bosnian economy.

Energy Efficiency in Public Buildings Sarajevo

Status: Ongoing

Investment: €10 m

EU grant: €2 m

IFI: EBRD

Description: Energy efficiency measures in up to 37 public buildings.

RS Energy Efficiency Fund

Status: Ongoing

Investment: €6.6 m

EU grant: €1 m

IFI: EBRD

Description: Energy efficiency measures in up to 20 schools and hospitals.

Tuzla Canton Public Buildings

Status: Preparation

Investment: €10.8 m

EU grant: €2 m

IFI: EBRD

Description: Energy efficiency measures in up to 173 public buildings in the Tuzla Canton.

Energy Efficient Refurbishment of Zenica Hospital

Status: Ongoing

Investment: €10 m

EU grant: €1.5 m

IFI: EBRD

Description: Energy efficiency measures in Zenica hospital.

Montenegro

Energy Efficiency in Public Buildings – Greening Public Infrastructure in Montenegro

Status: Ongoing

Investment: €59.7 m

EU grant: €5 m

IFI: KfW

Description: Improve energy efficiency in selected public buildings: 21 elementary and secondary schools, student dormitory and home for elderly.

Hospitals Energy Efficiency Project

Status: Ongoing

Investment: €12 m

EU grant: €2 m

IFI: EBRD

Description: Energy efficiency investments in hospitals in Podgorica, Cetinje and Bijelo Polje.

Education Energy Efficiency Project

Status: Ongoing

Investment: €20 m

EU grant: €4 m

IFI: EBRD

Description: Energy efficiency measures in up to 24 educational buildings.

North Macedonia

Energy Efficiency Rehabilitation of Student Dormitories in North Macedonia

Status: Ongoing

Investment: €24.8 m

EU grant: €4.8 m

IFI: KfW

Description: Reconstruction of nine state owned dormitories in Skopje, Prilep, Bitola, Ohrid, and Shtip.

Serbia

Promotion of Investments in Energy Efficiency and Renewable Energy in the Banking Sector - Eco Loans Phase I

Status: Closed

Investment: €50 m

EU grant: €5 m

IFI: KfW

Description: Loans provided to Serbian banks under the Ecoloans program, aimed at modernising and greening the Serbian economy.

Low Carbon Energy Facility

Status: Ongoing

Investment: €47.3 m

EU grant: €4.3 m

IFI: KfW

Description: Next phase of the Ecoloans project aimed at modernising and greening the Serbian economy.

Development of the Biomass market in the Republic of Serbia

Status: Ongoing

Investment: €31.9 m

EU grant: €9 m

IFI: KfW

Description: Financing of biomass district heating systems in up to five municipalities.

Promotion of Energy Efficiency in Public Buildings in Serbia

Status: Ongoing

Investment: €77.7 m

EU grant: €5.5 m

IFI: KfW

Description: Energy-efficient rehabilitation of 35 public buildings throughout Serbia.

Renewable District Energy Serbia

Status: Ongoing

Investment: €30 m

EU grant: €7.5 m from SECO and EU

IFI: EBRD

Description: Investments in renewable district energy in several district heating companies across the country.

Vojvodina Public Buildings

Status: Ongoing

Investment: €12 m

EU grant: €2 m

IFI: EBRD

Description: Energy efficiency measures in up to 50 buildings in Vojvodina.

The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 36 economies across three continents. The Bank is owned by 74 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive, inclusive, well governed, green, resilient and integrated.

KfW Development Bank has been working for more than 60 years on behalf of the German Federal Government, to achieve its goal to help partner countries fight poverty, maintain peace, protect both the environment and the climate. KfW finances and supports programmes and projects that mainly involve public sector players in developing countries and emerging economies – from their conception and execution to monitoring their success.