EIB Signs €70 Million Loan Agreement with ALTUM for Apartment Renovations
Latvian development finance institution ALTUM has signed a €70 million loan agreement with the European Investment Bank (EIB) to support energy-efficiency improvements in apartment buildings across Latvia.
The EIB loan covers half of a €140 million project expected to involve around 3,900 apartments in approximately 125 buildings, with a combined floor area of 234,000 square metres.
The project portfolio is expected to save about 23,500 MWh of energy a year and reduce household energy consumption and costs by an average of 40%. Eligible work includes insulation, renovation of facades and roofs, replacement of windows and doors, and upgrades to heating and ventilation systems.
Implementation is due to be completed by 2029. The financing will support renovation projects already under way and strengthen ALTUM’s capacity to run future energy-efficiency programmes.
Sources: European Investment Bank, 13 November 2026; ALTUM, 13 November 2026.
Primary source
Latvia to step up energy-efficient housing drive with EIB loan of €70 million to development finance entity Altum
https://www.altum.lv/eiropas-investiciju-banka-un-altum-nosledz-ligumu-par-70-miljonu-eiro-aizdevumu-energoefektivitatei/ — ALTUM, 13 November 2026