Green finance is the financing of investments that provide environmental benefits to businesses and society. The world is progressively transitioning to renewable energy and energy efficiency and the society is embracing change and adoption of these efficient measures. Albania has an unrivaled energy efficiency potential that if tamed can benefit investors, banks, and society.

Here at LORES, we have started working with Banks and Financial Institutions in Albania to introduce dedicated green financing products for SMEs. These products are beneficial for both business owners and banks.

Business owners that invest in green projects, despite the size of the investment or business activity, can have a positive impact on sustainability while benefiting from better terms and conditions. Through these investments, business owners can increase productivity or reduce costs, obtain lower interest rates and faster approval time.

While there are numerous investments a business can make to shift towards green energy, here are some recommendations from our experts at LORES:

• Efficient production technology lines
• Efficient tractors and agricultural machineries
• Hybrid and electric vehicles
• Building Envelope Insulation (external walls, roof/terrace, and basement). Thermal insulation and interior insulation of buildings / warehouses
• Replacement of windows / doors (double / triple glazing)
• Refrigerating rooms, cooling chambers, commercial refrigerators, cooling vitrines and freezers
• Photovoltaic panels
• Solar panels for heating system

By choosing a more sustainable approach to borrowing, businesses are actively moving towards a better, cleaner future whilst helping to improve the environment we all share.