June 1 (SeeNews) - The European Investment Bank (EIB) said on Thursday it will help the Croatian capital Zagreb improve the energy performance of 50 public buildings.
“This advisory project will help Zagreb prepare energy efficiency retrofits that will make a significant contribution to environmental protection by reducing CO2 emissions and delivering renewable energy to the city. This collaboration reinforces the potential EIB municipal financing and advisory support to help Zagreb achieve its ambitious green and digital priorities in the years to come,” EIB vice-president Teresa Czerwinska said in a press release.
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The initial 2.7 million euro ($2.9 million), 90% of which is co-financed by the EIB with the support of the European Commission, will be used to prepare project documentation for energy efficiency retrofits of 50 public buildings owned by the city of Zagreb, Zagreb mayor Tomislav Tomasevic said. The total value of the investment projects to be prepared is 85 million euro and will include retrofitting kindergartens, schools, aged care homes and other public buildings and facilities with energy efficient installations, he added.
The project which will run until April 2026 will help generate more than 14.9 GWh of renewable electricity, eliminate 8,700 tonnes of CO2 equivalent and save 29.8 GWh of energy each year. Once renovated, the buildings will emit 80% less CO2 and capture 70% energy savings.
($ = 0.934 euro)