Albania, Armenia, Azerbaijan, Croatia, Georgia, Kosovo, Montenegro, Turkey

Study on the energy-saving potential of agricultural machinery and equipment

EXPERTISE : , Financing Mechanisms and Fund Management
SECTOR : , Utilities


FIM- Finance in Motion GmbH


project description

The Green for Growth Fund, Southeast Europe (GGF) has begun actively offering dedicated energy efficiency (EE) and renewable energy (RE) credit lines in Southeastern and Eastern Europe. Considering the significant role of agriculture in the economies of the region targeted by the GGF and the high estimated potential for EE investments, the Fund initiated a study to identify the types of agricultural equipment that could be financed through the GGF facility as standardized EE measures.

Econoler completed a first assignment that was focused on five countries, namely Bosnia-Herzegovina, Macedonia, Moldova, Serbia and Ukraine. Econoler was then given a second assignment that was focused on eight other countries, namely Albania, Armenia, Azerbaijan, Croatia, Georgia, Kosovo, Montenegro, and Turkey. A third assignment was carried out to update the baselines (by considering the changes of the machinery offered in the market).


The overall objective of the study was to identify existing or new standard EE measures which could be financed through the GGF for the agricultural sector of the thirteen targeted countries. The study assessed the energy-saving and CO2 reduction potential associated with the proposed EE measures, which involved replacing energy-intensive equipment with new units or adding new equipment (in cases with high savings potential). The assignments involved conducting a literature review, surveys and interviews with key stakeholders, and collecting agriculture-related data in all the countries to:

  • define the most common agricultural equipment with the required potential for energy savings and CO2 emission reductions; and
  • assess the potential for standardizing the savings calculations.
  • evaluating the relevance of the measures defined in the first assignment and making recommendations for adjustments, as deemed appropriate; and
  • assessing the potential for implementing additional applicable measures.

Finally, the study was focused on defining and calculating the baselines for energy-saving potential for the newly selected measures and enabled the evaluation of the overall potential of each measure in each targeted country.


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