WeBSEFF track record
In 2009, the EBRD, supported by the EU, launched WeBSEFF with the objective to support investments in energy efficiency and renewable energy across the Western Balkans. Between 2009 and 2013, eight participating banks in Serbia, Bosnia and Herzegovina and fYR Macedonia have approved projects worth € 59 million.
All these investments were financially viable – average pay back time was just over 3 years.
The projectes are expected reduce CO2 emission reductions by over 139,00 t/yr – the equivalent of taking over 77,000 cars off the road annually – and reduce energy by almost 500 GWh/yr.
Building on the success of the programme, in October 2013 the EBRD launched the WeBSEFF II – a new €75 million credit line facility. WeBSEFF II has been designed to address untapped potential for energy efficiency investments and remaining barriers in the market. – in accordance with the objectives of the participating countries' National Energy Efficiency Action Plans (NEEAPS), which give a prominent role to the public sector.