Harrisons has advised the EBRD on its EUR 12 million unsecured loan to the Autonomous Province of Vojvodina, in Serbia, for the financing of the implementation of energy efficiency measures in around 80 public buildings in 20 municipalities.
"The buildings are predominantly from the educational, administrative, and healthcare sectors," Harrisons informed. "The project will be co-financed by an investment grant of EUR 2 million provided by the EU under the Regional Energy Efficiency Program for the Western Balkans."
According to the firm, "the funding of this project will primarily help promote a green transition quality as it facilitates energy efficiency renovation of public buildings, contributing to mitigating climate change. The project is expected to result in around 53% of savings in total energy consumption, 56% of savings in carbon dioxide emissions, and significant health and environmental benefits."