Translated using ChatGPT service.
To make the program conditions clearer and enable the implementation of larger projects, the Cabinet of Ministers, at its meeting on 9 September this year, approved amendments proposed by the Ministry of Economics to the Cabinet of Ministers Regulation No. 880 of 17 December 2024, “Conditions of the Support Program for Implementing Energy Efficiency Improvement Measures in Multi-Apartment Residential Buildings.” The amendments provide for an increase in the loan and guarantee amounts, as well as clarifications regarding eligible costs.
Renovating multi-apartment buildings with 170 or more apartments requires a larger loan or guarantee than previously provided under the support program. With the approved amendments, the maximum loan amount has been increased from EUR 3.75 million to EUR 7 million, while the maximum guarantee amount has been raised from EUR 3 million to EUR 5.6 million. This will make it possible to support larger buildings with more households.
Minister of Economics Viktors Valainis stated:
“Interest in building energy efficiency among residents is at a record high – this demonstrates the public’s willingness to invest in their homes and reduce energy consumption. With these amendments, we make the program more accessible to larger multi-apartment buildings and more extensive projects, ensuring that no community is left without the opportunity to improve their living environment. This is an investment in people’s well-being, energy security, and the achievement of our climate goals.”
The approved amendments provide for:
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Increasing the maximum loan amount from the public institution “Altum” to EUR 7,000,000, and the guarantee amount for improving the energy efficiency of a single building to EUR 5,600,000;
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Clarifying the conditions for the eligibility of technical documentation costs, providing an exception for activities whose costs are included in the increase of capital allowances;
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Stipulating that Altum’s decisions on granting support will be made while the funding specified in the regulations is available, but no later than 15 February 2028;
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Making technical clarifications to ensure the compliance of the regulations with the requirements set out in European Union regulations.
Within the framework of the European Union Cohesion Policy 2021–2027 planning period, the acceptance of project applications began on 3 April this year. Due to record-high interest, the submission of applications for general renovation measures was suspended on 13 May 2025, as all available funding had been allocated. The majority of projects were submitted from the Riga region – 52%, followed by Vidzeme – 24%, Kurzeme – 10%, Zemgale – 9%, and Latgale – 5%. The most active city is Riga, from which 111 project applications were submitted. The total funding of the support program amounts to EUR 174.5 million, including EUR 1.5 million from the state budget for the implementation of pilot projects with industrially manufactured wooden frames.