World Bank approves $50 million loan for clean energy projects

To help Serbia advance its strategic goals to decarbonize the economy and include more citizens in the energy transition, the World Bank Board of Directors approved today a $50 million equivalent loan for the Scaling Up Residential Clean Energy (SURCE) Project.

The project is designed to lead to energy savings, increased comfort, and warmer homes for residents through investments in clean and efficient heating solutions and rooftop solar photovoltaic systems, in a shift away from air-polluting fossil fuels that dominate Serbia’s energy mix.

Sustainable heating investments are expected to reach 25,000 households during the five years of the project. Some 2,500 households will receive social inclusion “top-up grants”, supporting the most vulnerable citizens, and 3,000 households are expected to shift away from traditional solid fuel heating solutions. Rooftop solar photovoltaic installations are expected to add 4MW in installed renewable energy capacity.

The project will prioritize investments in single-family houses, which tend to have poor thermal characteristics and rely on more polluting and less efficient coal and wood boilers for heating, especially in rural areas. In urban areas, among households without central or district heating access, 60 percent use firewood for heating and another 15 percent coal.

Residential heating is a major source of air pollution in Serbian cities, especially in winter months, when it accounts for more than half of fine particulate matter (PM2.5) emissions, as the largest share of the heating needs are met by firewood and coal. 

(Nova, 25.03.2022)


This post is also available in: Italiano

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *

scroll to top