The loan is intended to back investments in high-performance green technologies, materials, and solutions undertaken in privately owned residential dwellings or buildings or projects in the public sector, the EBRD said in a project summary document.

The loan will be provided in one tranche under the Western Balkans Green Economy Financing Facility (GEFF) III.

GEFF is a EUR 135 million program co-financed by the EU, the Austrian Federal Ministry of Finance, and bilateral donors to the Western Balkans Investment Framework (WBIF).