Western Balkans—Sustainable Energy Finance Facility (WeBSEFF I & II)

Client: European Bank for Reconstruction and Development

Duration: 2009-2017

Region: Eastern Europe and Central Asia

Country: Regional

Solutions: Economic Growth Environment

Significant potential for sustainable energy investments remains untapped in the Western Balkans while improvement in sustainable energy still faces many barriers. WeBSEFF I and II continued the European Bank for Reconstruction and Development’s support to the region by providing debt financing to businesses, municipalities, and energy service companies for energy projects undertaken in Bosnia-Herzegovina, Macedonia, Former Yugoslav Republic of Montenegro, and Serbia. The goal: reduce energy intensity and promote diverse sources of green energy in a region where rising energy prices remain a challenge.

WeBSEFF I allocated €60 million to 131 projects in energy efficiency and renewable energy. Due to this success, a second phase of the project was launched in July 2013.

DAI was a partner to E3 International on both facilities and provided technical assistance in the implementation of dedicated credit lines, specifically assisting the participating financial institutions to on-lend the funds to qualified applicants.

Sample Activities

  • Provide technical assistance to banks on the development of marketing strategies that raise awareness of energy efficiency.
  • Advise projects on identifying, designing, and implementing projects that reduce energy use and save firms money.
  • Assess applying projects’ eligibility.
  • Determine whether there might be better energy-saving options for individual projects.
  • Conduct energy audits.
  • Assess individual project’s technical and financial viability.
  • Conduct cash flow analyses.
  • Help with loan applications to participating banks.
  • Analyze the financial implications of individual sub-projects.

Select Results

  • Disbursed more than €80 million.
  • Financed more than 250 projects within their respective participating financial institutions.
  • Generated a total equivalent primary energy savings of 486.10 gigawatts per year and reduced CO2 emissions by 114,345 tons per year.


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