Energy efficiency of apartment buildings 2022-2026
On December 8, 2022, ALTUM launched a new energy efficiency programme for multi-apartment buildings. The programme is now closed for new applications, and the implementation of all approved projects has been successfully completed. In total, 136 projects were implemented under the programme.
The total budget of the #NextGenerationEU programme was EUR 57.2 million. Financed through the EU Recovery and Resilience Facility, the programme provided support of up to 49% of eligible project costs.
Within this programme, ALTUM provided a combined financial instrument, consisting of either a loan or a guarantee (in the case of financing provided by another lender), combined with a grant element in the form of a capital rebate. Upon successful achievement of the project targets, part of the principal of the loan financed by ALTUM (or, in the case of a guarantee, part of the loan granted by another financier) was repaid for the benefit of the borrower.
Main components of the programme:
- Buildings with three or more apartments are eligible for this support
- Building has to reach at least 30% primary energy savings after renovation
- Maximum amount of eligible costs per 1 MWh/year is 5000 EUR
- Projects can receive either a loan from a commercial bank for eligible costs that is supported with an ALTUM guarantee (up to 80% of eligible costs), or a loan from ALTUM. In both cases projects are eligible for a capital rebate of 49% of eligible costs after the project is completed and energy saving target is verified
- Projects have to be completed by June 2026
