Clean Energy

Clean Energy

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Clean Energy

Number of projects

0

Investment value

0

Grant value

0

Loan value

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The energy sector in the Western Balkans is characterised by insufficient and ageing infrastructure, relatively high reliance on fossil fuels, late adoption of renewables beyond hydropower and residential biomass, limited energy efficiency and energy productivity, high rates of energy poverty despite usually high levels of direct and hidden energy subsidies (mostly targeted towards fossil fuels), limited market mechanisms and private sector participation. Thus, it faces a unique dual transition: from centralised state-controlled systems to open and competitive markets, and towards decarbonisation.

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Investment Priorities

Latest News

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EU-funded solar plant starts operating in North Macedonia
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06-04-2022

EU-funded solar plant starts operating in North Macedonia

The first large-scale solar plant in North Macedonia ‒ financed with the support of the European Union, WBIF b...

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Western Balkans prime ministers attend EBRD investment summit
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02-03-2022

Western Balkans prime ministers attend EBRD investment summit

The European Bank for Reconstruction and Development (EBRD) welcomed on Monday 28 February, the heads of gover...

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European Commission launches €3.2 billion investment package in the Western Balkans
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25-02-2022

European Commission launches €3.2 billion investment package in the Western Balkans

Today, the European Commission has unveiled a substantial €3.2 billion investment package to support 21 transp...

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Economic and Investment Plan for the Western Balkans

Through the Economic and Investment Plan, the support in the field of energy will be reinforced. Strong emphasis will be put on energy market integration, decarbonisation and clean energy, just transition, increased digitalisation of the system and smart grids, energy efficiency, including modernisation of district heating, and energy security. These are the key pillars of the Economic and Investment Plan for the Western Balkans in line with the aims of the Green Agenda. Participation in the Energy Community Treaty provides a clear policy framework and bears the potential for regional growth through multi-country projects, and by tapping into the region’s large renewable energy and energy efficiency potential. WBIF support is oriented to the Plan’s priorities: Flagship 4 - Renewable energy, Flagship 5 - Transition from coal, Flagship 6 - Renovation wave.

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Objectives

Decarbonisation

Transition from coal to sustainable and clean energy in line with the aims of the European Green Deal.

Enhanced connectivity

Extension of the Energy Union to the Western Balkans for a successful clean energy transition in the region.

Renewable energy sources

Environmentally sound investments in hydro, solar, wind and geothermal sources.

The Western Balkans-Ukraine initiative

The “Coal regions in transition platform" to support inclusive transition strategies.

Low emission gas infrastructure

Widely available, secure and affordable source of energy that will keep the region competitive.

Increase in energy efficiency

A refurbished building stock will help pave the way for a decarbonised and clean energy system.

Energy interconnections

Acceleration of the integration of Central and South Eastern European gas and electricity markets.

The Innovation Agenda for the Western Balkans

Further boost to technology transfer, and access to world-class research infrastructure.

Achieved results

2009 - 2022

  • 176 MW renewable energy generation capacity installed
  • 130 km of electricity transmission lines upgraded
  • 376 buildings renovated and 1.6m MWh/year of energy saved
  • District heating systems upgraded in 23 cities and towns

Expected results

2022 - 2031

  • 1,109 km of electricity transmission lines upgraded and secure power supply
  • 1,409 MW renewable energy generation capacity installed
  • 727 km of future-proof gas pipelines
  • 328 public buildings and schools renovated

Energy Community

The Energy Community is an international organisation which brings together the European Union and its neighbours to create an integrated pan-European energy market. The organisation was founded by the Treaty establishing the Energy Community signed in October 2005 in Athens, Greece, in force since July 2006. The key objective of the Energy Community is to extend the EU internal energy market rules and principles to countries in South East Europe, the Black Sea region and beyond on the basis of a legally binding framework.

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Connectivity Agenda

(2015-2020)

In 2015, the European Commission set aside up to €1 billion in grants until 2020, from the EU Pre-Accession Instrument, to support the connectivity agenda. In November 2020 at the summit in Sofia, the Western Balkan leaders welcomed the 2020 connectivity package with six projects in the areas of sustainable transport and clean energy. This package completes the delivery of the EU’s 2015 pledge, while at the same time constitutes the first step towards the implementation of the flagship projects of the Economic and Investment Plan.

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Latest Videos

Publications

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From Plan to Action - WBIF Key Achievements 2021
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11-11-2022

From Plan to Action - WBIF Key Achievements 2021

WBIF key achievements in 2021 on advancing the implementation of the Economic and Investment Plan for the West...

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Factsheet Trans-Balkan Corridor, Lastva substation; Montenegro (October 2022)
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31-10-2022

Factsheet Trans-Balkan Corridor, Lastva substation; Montenegro (October 2022)

Trans-Balkan Electricity corridor, grid section in Montenegro (October 2022)

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WBIF Endorsed flagships, Berlin Summit November 2022
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31-10-2022

WBIF Endorsed flagships, Berlin Summit November 2022

In 2022, the WBIF stakeholders endorsed 24 flagship projects in key railway, road and waterway interconnection...

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Partner Financial Organisations

Western Balkan Partners