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Active energy efficiency improvement works are taking place in many multi-apartment buildings throughout Latvia. The support program for improving energy efficiency within the framework of the previous EU fund planning period will be concluded on December 31 of this year. Analyzing information from authorized persons of apartment owners, the "Development Financial Institution "Altum"" (Altum) has determined that 36 projects have not been completed, and the implementation of these projects will continue into the construction season of 2024.
In order to complete the projects next year without losing the approved EU fund support for the building, the government, in its meeting on October 31 of this year, approved amendments to the support program proposed by the Ministry of Economics, which stipulate that energy efficiency projects in multi-apartment buildings that have been initiated can be completed by October 1, 2024.
At the same time, the amendments specify that the submission of documents to Altum for eligible expenses incurred by the building by November 30, 2023, will continue until December 1 of this year. These expenses will be attributed and covered from the financing of the EU fund planning period from 2014 to 2020.
Furthermore, with the amendments, the program states that the activities of energy efficiency projects that have been initiated and will be carried out from December 1, 2023, to October 1, 2024, will be attributed and covered from the new EU fund planning period (2021-2027) funding.
Within the framework of the support program for energy efficiency improvement during the previous EU fund planning period, a total of 623 energy efficiency projects were approved for multi-apartment buildings, of which 493 projects have been completed, 94 projects will be completed later this year, but 36 projects require an extension for completion.
Detailed information about the amendments can be found in the Cabinet of Ministers Regulation No. 160 of March 15, 2016, "Regulations on the Implementation of Specific Support Objectives "Promotion of Growth and Employment" 4.2.1. of the specific support objective "Promotion of Energy Efficiency in State and Residential Buildings" 4.2.1.1. of the specific support measure "Promotion of Energy Efficiency in Residential Buildings" and 13.1.1. of the specific support objective "Recovery Measures in the Economic Sectors" 13.1.1.2. of the specific support measure "Support for the Insulation of Multi-Apartment Buildings," available on the Legal Acts Portal.