Armenia: EU expands support for energy efficiency renovations in Yerevan

On 15 November, EIB Vice-President Teresa Czerwińska, Head of the EU Delegation to Armenia, Ambassador Vassilis Maragos, Armenia’s Minister of Finance, Vahe Hovhannisyan and Armenia’s Deputy Prime Minister, Mher Grigoryan, announced an EU grant of over €10 million for energy efficiency improvements across Yerevan.

This EU investment grant is designed to complement a €25 million EIB Global loan signed in November 2023. The municipality of Yerevan will use the funding to renovate over 100,000m² of public buildings, focusing on reducing energy consumption and CO₂ emissions. Six polyclinics and 32 kindergartens are planned to be refurbished. Key measures include upgrading building envelopes, replacing windows, and installing efficient boilers, solar hot water systems, and energy-saving lighting.

“The project will not only reduce Yerevan’s energy consumption and carbon footprint but will greatly enhance the quality of life for children, educators, patients, and healthcare workers alike,” said EIB Vice-President Teresa Czerwińska, who oversees EIB operations in Armenia. 

The initiative is aligned with the EU Economic and Investment Plan for the Eastern Partnership, specifically contributing to the ‘Investing in a Green Yerevan — Energy Efficiency’ priority, and part of the EU’s Global Gateway strategy.

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Press release