The Regional Energy Efficiency Programme (REEP) provides a combination of financing instruments, technical assistance and policy support to Western Balkans countries that help create a sustainable market for energy efficiency. The countries targeted are Albania, Bosnia and Herzegovina, Croatia, FYR of Macedonia, Kosovo, Montenegro and Serbia.
REEP supports energy efficiency investments in both private and public sectors and encourages the public sector to take a leadership role as stipulated in the countries’ National Energy Efficiency Action Plans (NEEAPs), developed as part of the Energy Community process.
Two credit lines are currently in operation for this purpose, both part of EBRD's Sustainable Energy Initiative (SEI):
- Western Balkans Sustainable Energy Financing Facility (WeBSEFF II)
- Western Balkans Direct Sustainable Energy Financing Facility (WeBSEDFF)
For both credit lines, the Western Balkans Investment Framework (WBIF) provides grant funding for technical assistance and investment incentives.
The EBRD offers a wide range of financial instruments and takes a flexible approach in structuring its financial products. The principal forms of direct financing that the EBRD may offer are loans, equity and guarantees.
To find out more about the Western Balkans Regional Energy Efficiency Programme (REEP) please click here.