Balkans Renewable Energy Program Expansion

completed

The project will create a comprehensive framework for renewable energy (RE) development and implementation in Western Balkan countries based on IFC's established delivery methodology in this area. Specifically, the project will: 1. Improve the existing regulatory framework by support the drafting of new laws, bylaws and standardized contracts. This will be done by introducing best practices and aligning local legislation to EU directives. 2. Work with renewable energy sponsors at the market level (offering educative workshops, connecting international and local companies, supporting RE associations, etc.) and RE developers to improve their designs, business plans and environmental and social risk assessments. 3. Assist financial intermediaries in improving their internal capacity and knowledge in project finance and renewable energy. The project is an expansion of the Balkans Renewable Energy Program, which initially included projects in Albania, Bosnia and Herzegovina, and Macedonia.