802 multi-apartment buildings have been renovated in Latvia over 10 years; several hundred projects are still in the implementation phase

15-04-2019

Since 14 April 2009, when the renovation of multi-apartment buildings can be carried out with substantial co-funding from EU funds, a total of 802 buildings have been renovated throughout Latvia. A total of 92.28 million euro of EU funds have been invested in the renovation of these buildings.

 

“Promoting availability housing is one of the priorities in the activities of the Ministry of Economics for this year as well. We are already working actively on a support programme for the construction of rental houses, the housing guarantee programme implemented by Altum is continuing, in which families with children and young specialists can receive support for the purchase of housing. At the same time, it is important for Latvia to put in order the existing housing facilities, to create a sustainable environment for people and business development. We are aware of the importance of renovating buildings and improving their energy efficiency also in achieving the EU’s general energy and climate targets,” emphasises Ralfs Nemiro, the Minister of Economics. 

 

On 14 April 2009, the acceptance of projects to receive support for improvement of energy efficiency of multi-apartment buildings started. In the previous period of EU funds, a total of 741 multi-apartment buildings were renovated between 2009 and 2015. Meanwhile, in this period of EU funds, 61 apartment buildings throughout Latvia had been renovated during the period from 2016 to 14 April 2019. The analysis of the results of energy efficiency measures taken in these buildings shows that the average reduction in heat is at least 45%, which means that spending of the population on heat has reduced almost by half, not to mention the increase in the value of apartments and more attractive visual appearance of buildings. 

 

Ralfs Nemiro, the Minister of Economics points out: “Over 10 years, since the population of Latvia has access to co-funding from EU funds to implement energy efficiency measures in their buildings, more than 800 multi-apartment buildings have been renovated, reducing their average heat consumption by 45%; several hundred projects are currently still in the process of implementation. At the same time, the Ministry of Economics has started work on the development of documents for the next programming period of EU funds, in which we certainly see continued support for energy efficiency and broader use of renewable energy sources in multi-apartment, public and production buildings.

 

Details about the multi-apartment buildings renovated in 10 years can be seen on a map of buildings renovated in Latvia.

 

We remind that project applications for support from EU funds for renovation of buildings and improvement of their energy efficiency can be submitted to the Development Finance Institution Altum.

 

Last update:    28-01-2020