Energy efficiency of appartment buildings
On December 8, 2022, Altum launched new energy efficiency programme for multi-apartment buildings.
The total amount of #NextGenerationEU programme is EUR 57.2 million. It is financed under EU Recovery and Resilience Facility fund will support up to 49% of the total project eligible costs.
Within this programme ALTUM provides combined financial instrument, i.e. a loan or a guarantee (in case of a loan from another financier) is issued, combined with a grant element – a capital rebate. By fulfilling project targets a part of the principal of the Altum loan (or in the case of a guarantee, a part of the loan from another financier) is repaid to 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 early 2026
