Green Investment Scheme

Project information

Index: 1087R4
Priority:1: Innovation and the knowledge economy
Sub Theme:Entrepreneurship and SMEs
Location ESTONIA EESTI Tallin Põhja-Eesti Start/End date of the practice
Start: 2010
End: 2013

Topic of the practice

Improving the green credentials of apartment buildings and private properties

Good Practice Information

The Estonian Green Investment Scheme is a demand side, eco-innovation instrument, intended to improve the green credentials of apartment buildings and private properties. The objective of the instrument is to assist in reconstruction and renovation, achieve indoor climate and energy efficiency and support the take-up of renewable energies.
The scheme is implemented in two streams: one for apartment buildings and one for small private properties. Both are funded by the Ministry of Economic Affairs and Communication, and administered by KredEx.

Evidence of success

The apartment building stream had a budget of €30 million for the period of August 2010 to November 2012. KredEx together with KfW Bankengruppe developed a long-term renovation loan with preferential interest. The minimum loan amount is €7,340, and funding is assigned as 15, 25 or 35% of total costs.
The budget for private building renovation was €4 million for August 2012 to November 2013. Of this, €3m is for renovation grants, and €1m for the purchasing of green energy appliances. Minimum grant is €1,000, and maximum is €30,000.

Contact details to obtain further information on the practice

Kalle Kuusk

Fund KredEx

Annex completed on: 09-24-2012

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