Dutch state agency confirms €1bn energy efficiency fund

Dutch state agency National Energy Saving Fund has confirmed the availability of 1 billion in funding for consumer energy efficiency upgrades.

The confirmation follows a deal signed with the European Investment Bank (EIB) in which EIB has acquired a stake in the fund for €150 million.

Up to €25,000 in loans will be issued per household to implement energy efficiency retrofits to reduce energy bills and address climate change.

Energy efficiency measures to be financed will include insulation, or more efficient heating systems and solar energy systems.

Ernst-Jan Boers, Chairman of the Board of the Nationaal Energiebespaarfonds, said: “With the EIB’s contribution we can help even more private homeowners and owners’ associations in making their homes or housing complexes more sustainable. Since the foundation of the NEF in 2014 the number of awarded energy-saving loans has been growing steadily; we expect this growth to continue in the coming years.”

‘Our homes are responsible for a significant proportion of CO2 emissions,” stated EIB Vice-President Andrew McDowell. “Investing in reducing household energy demand will make a major contribution to combating climate change, while also saving on energy bills. The EIB, as the EU Climate Bank, is happy to support these types of projects.”

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