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EBRD

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EBRD Supports Sparkasse Bank AD Skopje In Green Energy Financing Initiative In North Macedonia

The European Bank for Reconstruction and Development (EBRD) has approved a significant financial initiative aimed at promoting green energy investments in North Macedonia. Sparkasse Bank AD Skopje, the fifth-largest bank in the country, will receive a senior unsecured loan of up to €4 million under the Western Balkans GEFF III REpower Residential framework.
The project’s primary objective is to provide sub-loans that will finance various green economy transition (GET) investments. These include high-performance energy efficiency technologies, materials, and solutions for residential buildings, as well as renewable energy projects in the public sector. The financing is expected to significantly reduce energy consumption and carbon emissions in North Macedonia’s residential and public sectors.




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  • Munene Mugambi

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    31 w

    This initiative will benefit people by enabling access to energy-efficient technologies and renewable energy projects, reducing energy costs, and lowering carbon emissions. Enhanced energy efficiency in residential and public buildings will improve living conditions and contribute to environmental sustainability.

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    • Elizabeth Gathigia

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      31 w

      A positive step towards a sustainable future, funding clean energy is the way

      2
      • Munene Mugambi

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        31 w

        @elizbeth_gathigia Supporting clean energy projects is essential for economic growth and environmental preservation. This initiative will drive innovation, create green jobs, and improve energy security, setting a strong example for other regions to follow in combating climate change.

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      • Peter Karanga

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        31 w

        That's a promising development!

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        • Munene Mugambi

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          31 w

          @peter_karanga This promising development will not only enhance energy efficiency but also lower utility costs for residents, reduce reliance on fossil fuels, and promote environmental sustainability. It represents a crucial investment in the long-term well-being of North Macedonia's communities.

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        • Joseph Githinji

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          31 w

          A great support for a sustainable energy sector. Climate funding is a major boost to sustainability realization.

          4
          • Rashid Kamau

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            31 w

            The initiative will absolutely delivers economic and environmental advantages to everybody

            5
            • dickson mutai

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              31 w

              By enabling investments in energy-efficient technologies and renewable energy projects, initiatives like this will greatly reduce carbon emissions and energy consumption across all sectors

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              • Joseph Githinji

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                31 w

                @dickson_mutai I agree, climate financing is a vital element in clean and renewable energy production.

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              • Princess

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                31 w

                This is a great step toward enhancing the country's energy sector, promoting sustainability, and fostering economic growth through renewable energy projects.

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                • Joseph Githinji

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                  31 w

                  @princess_nel_268 True, this is a major boost in the roadmap to create a sustainable future.

                  2

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