CEB approves loan increase to Netherlands National Heating Fund to achieve energy efficiency

22 November 2021

PARIS - The Council of Europe Development Bank (CEB) has approved a €200 million loan to the Dutch National Heating Fund (NWF) to finance energy efficiency measures for individual homeowners and schools. This loan increases the primary loan amount of €150 million that the CEB granted to the NWF in 2019.

The Dutch Government established the NWF to encourage owners and occupants to make energy-efficiency improvements to their homes. The Fund finances sustainable energy-saving measures in existing housing units by means of issuing loans at the lowest possible interest rate. 

“The CEB is pleased to extend this loan to allow more households and schools in the Netherlands to gain easy access to low-interest rates with favourable lending conditions and thus help them to reduce their consumption of energy and related expenditures,” said CEB Governor Rolf Wenzel. “With this new loan, the Bank will contribute to achieving The Netherlands’ ambitious climate policy and it demonstrates its steady commitment to climate change mitigation and adaptation measures.” 

Under the Energy Agreement for Sustainable Growth, the Netherlands has set a goal to achieve a sustainable energy supply system by 2050, with a target number of buildings to be renovated by 2020, and an increase in energy labelling for the existing building stock by 2030.

Thanks to the first instalment from the CEB, the NWF has so far issued loans for the benefit of approximately 6 200 end users. The majority of investments concerned the replacement of existing heating systems, glazing, façade and roof insulation. 

In 2020, the Fund granted more than €150 million in energy-saving loans, representing an increase of €8.1 million compared to 2019. In addition, at the end of 2020 more than €350 million in loan applications were under appraisal. 

The CEB previously granted two other loans to support Dutch energy-efficient measures, namely the €100 million and €150 million to the National Energy Saving Fund Foundation (NEF) in 2018 and 2019 respectively. 

A member country of the CEB since 1978, Netherlands has benefitted from nearly €1.4 billion in loans to finance social projects, primarily in the sectors of micro-finances, job creation and preservation, energy efficiency, and municipal investments.

Set up in 1956, the CEB (Council of Europe Development Bank) has 42 member states. Twenty-two Central, Eastern and South Eastern European countries, forming the Bank's target countries, are listed among the member states. As a major instrument of the policy of solidarity in Europe, the Bank finances social projects by making available resources raised in conditions reflecting the quality of its rating (Aa1 with Moody's, outlook stable, AAA with Standard & Poor's, outlook stable, AA+ with Fitch Ratings, outlook positive and AAA* with Scope Ratings, outlook stable). It thus grants loans to its member states, and to financial institutions and local authorities in its member states for the financing of projects in the social sector, in accordance with its Articles of Agreement.

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