Energy-related modernisation of residential buildings in Latvia Summary of the project’s joint final report

Summary of the project’s joint final report

Within the framework of the German-Latvian environmental protection pilot project "Energy-related modernisation of residential buildings” seven residential buildings with a total of 463 flats were modernised with regard to energy efficiency from 2004 to 2005 in Latvia. A total of about 1.6 million euro were invested, which means an average investment of approximately 3,500 euro per flat.

During the first heating period following the modernisation savings of approximately 40 percent were recorded in carbon dioxide emissions, heat consumption and heating costs.

The Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) supported the project with interest subsidies and non-reimbursable subsidies for construction costs totalling approximately 580,000 euro. The BMU commissioned the KfW banking group to make the reduced-interest loan available via the Mortgage Bank of Latvia (LHZB).