geothermal heat pumps

Financing and realizing the modernization of mass housing stock through energy conservation

Banking on energy savings

Innovative business model pays for Soviet-era flats to become more energy efficient. 

Many of the Soviet era apartment blocks in Latvia are in poor technical condition, are corroding rapidly and highly energy inefficient, with little heat insulation and old-fashioned heating systems. But flat-owners in the cities of Valmiera and Cesis are achieving significant improvements to their properties without having to make any payment thanks to an innovative award-winning finance and renovation scheme that began in 2008.