Business greening with capital rebate
From 24 August 2026, energy efficiency support will be available to SMEs in the municipalities of Tukums, Limbaži, Saulkrasti and Ogre.
After the initial 60 working-day priority period, from 16 November 2026, subject to available funding, the programme will also be available to SMEs in Riga and Pieriga, as well as to large enterprises throughout Latvia.
To qualify, projects must achieve at least 30% primary energy savings. The programme is funded by the European Regional Development Fund (ERDF), with a total budget of EUR 7.8 million.
Available support
ALTUM loan to cover eligible costs up to EUR 1 million
Guarantee of up to 80% of a bank loan
Capital rebate of up to 30% of the ALTUM loan for eligible costs or a bank loan for eligible costs with an ALTUM guarantee. The total amount of the capital rebate within the programme can reach up to EUR 300 000 for a group of related companies in total.
* Support is granted in accordance with European Commission Regulation (EU) No. 651/2014 or, alternatively, in accordance with the de minimis Regulation (EU) No. 2023/2831. The capital rebate may be lower depending on the applicable State aid regulation.
Support can be granted to projects in which:
primary energy savings of at least 30% are achieved
Eligible sectors and activities
Energy efficiency improvement measures achieving at least 30% primary energy savings:
- implementation of energy efficiency improvement measures in complexes of non-residential buildings, as well as the introduction of an energy management system;
- improvement of energy efficiency in existing equipment;
- acquisition of more energy-efficient equipment or machinery to replace existing equipment or machinery;
- renovation, reconstruction or construction of engineering systems in commercial areas, if this contributes to energy efficiency or the use of renewable energy sources;
- ESCO services.
Non-eligible sectors and activities
Primary production of agricultural products, fisheries, aquaculture, the manufacture and trade of tobacco products, and gambling (for detailed sector and activity restrictions, see HERE)
Application:
Applications are accepted for projects with a high level of readiness, for which a certified specialist’s opinion on energy or emission savings is available, the necessary technical documentation has been prepared, and a cost estimate for the project has been developed.
The submission of applications will start on August 24 2026 and will continue until the available funding (EUR 7.8 million) is exhausted. Projects must be completed by February 2029.
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To promote the development of sustainable business in Latvia, support from the European Union’s Just Transition Fund (JTF) is available for the greening of businesses.
The programme is intended for micro, small and medium-sized enterprises (SMEs) in the regions of Latgale, Vidzeme, Zemgale and Kurzeme, excluding territories that are part of the Riga statistical region.
* The area marked on the map as “Rīgas reģions” represents the Riga statistical region, which includes Riga, Jūrmala and the municipalities of Ādaži, Ķekava, Mārupe, Olaine, Ropaži, Salaspils, Sigulda, Tukums, Ogre, Saulkrasti and Limbaži.
Available support
ALTUM loan to cover eligible costs up to EUR 10 million
Guarantee of up to 80% of a bank loan
Capital rebate of up to 30% of the ALTUM loan for eligible costs or a bank loan for eligible costs with an ALTUM guarantee. The total amount of the capital rebate within the programme can reach up to EUR 3 million for a group of related companies in total.
* Support is granted in accordance with European Commission Regulation (EU) No. 651/2014 or, alternatively, in accordance with the de minimis Regulation (EU) No. 2023/2831. The capital rebate may be lower depending on the applicable State aid regulation.
Support can be granted to projects in which:
emission savings are achieved
primary energy savings of at least 20% are achieved
final energy consumption is replaced with renewable energy sources
Eligible sectors and activities
Energy efficiency improvement measures achieving at least 20% primary energy savings:
- implementation of energy efficiency improvement measures in complexes of non-residential buildings, as well as the introduction of an energy management system;
- improvement of energy efficiency in existing equipment;
- acquisition of more energy-efficient equipment or machinery to replace existing equipment or machinery;
- renovation, reconstruction or construction of engineering systems in commercial areas, if this contributes to energy efficiency or the use of renewable energy sources;
- ESCO services.
Implementation of renewable energy technologies (RES), including energy storage technologies, where at least 80% of the energy produced is used for self-consumption and storage technologies are mainly charged from directly connected RES:
- acquisition of renewable energy technologies for self-consumption;
- acquisition and installation of renewable energy storage or accumulation equipment for self-consumption, ensuring that 75% of the energy charged annually comes from directly connected RES generation technologies (the 75% requirement does not apply to de minimis aid; however, even in the case of de minimis aid, the storage equipment must be directly connected to the RES generation equipment);
- acquisition of solid biomass technologies only in hybrid systems together with zero-emission technologies.
- When selecting heating technologies, the following priority order applies:
-
connection to a district heating system;
-
efficient zero-emission heating technology;
-
hybrid system combining zero-emission technology with solid biomass technology.
-
Development and implementation of a new product or technology:
- development and implementation of a new product or technology to ensure environmentally friendly production processes or resource efficiency by replacing or improving an existing product or technology.
Non-eligible sectors and activities
Primary production of agricultural products, fisheries, aquaculture, the manufacture and trade of tobacco products, and gambling (for detailed sector and activity restrictions, see HERE)
Application:
Applications are accepted for projects with a high level of readiness, for which a certified specialist’s opinion on energy or emission savings is available, the necessary technical documentation has been prepared, and a cost estimate for the project has been developed.
The submission of applications will start in March 2026 and will continue until the available funding (EUR 41 million) is exhausted. Projects must be completed by February 2029.
The implementation of the programme is regulated by the Cabinet of Ministers Regulation No. 155 of 11 March 2025 “Regulations on the support programme for business greening, the use of renewable energy sources and the improvement of energy efficiency.”
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