EIB support for energy efficiency projects in the Polish housing sector

The European Investment Bank (EIB), acting as a Fund of Funds Manager, signed three operational agreements for the total amount of PLN 273 million (approx. EUR 64 million equivalent) with Getin Noble Bank S.A., one of the leading banks in the Polish housing sector.

The goal is to provide loans for the much-needed thermo-modernisation of multi-family residential buildings in three Polish regions: Pomerania, Mazovia and Kujawsko-Pomorskie.

The Programme is dedicated to the housing cooperatives and associations, social housing associations, local government entities and entities that they control, and other institutions or bodies. The financing will support projects designed to reduce heat losses, eliminate individual sources of heat in conjunction with connecting to district heating networks, modernise local heat sources, energy upgrades in heating and ventilation systems, internal installations, installation of energy monitoring and management systems.

It is estimated that at least eight thousand households will increase their energy efficiency thanks to support from this Programme and at least 250 multi-apartment buildings will be modernised in all three regions.

Further to the signature of the operational agreements, Getin Noble Bank S.A. has already launched calls for projects in all three involved regions. First projects in the regions of Pomerania and Kujawsko-Pomorskie were submitted to Getin Noble Bank in June 2018, and the bank expects to receive expressions of interest in the remaining region in the coming months.

Original source: EIB
Published on 9 August 2018