The Fund was established in 2003 as an extra-budgetary fund, what means that financial sources for the Fund’s operation are secured from different kinds of environmental fees, all of which are following the ‘polluter-pays’ principle. The annual incomes of the Fund are at the level of approximately €200 million.
In 2015, the Fund has approved €127 million for energy efficiency and renewables programmes. The Fund provides financial support in form of grant or interest free loan, which usually may cover up to 40% of eligible project costs. Read more at http://balkangreenenergynews.com/
