The aim of the grant is to renew outdated street lighting infrastructure, resulting in energy savings with the help of LED lighting technology. The grant will mainly benefit the residents of local municipalities.
The grant amounts allocated to the local municipalities per project fall within the range of EUR 18,000 and EUR 1.8 million. Local municipalities are planning to carry out most of the works over the course of next year, while in some cases projects will be completed in the first half of 2019.
Grants are being awarded from the energy efficiency measure “Increasing Energy Savings and the Share of Renewable Energy” during the 2014–2020 structural aid period. The support measure was developed by the Ministry of Economic Affairs and Communications.
As of 17 January, EIC received 57 applications requesting grants in the total sum of EUR 41.5 million. Projects were submitted from all over Estonia.
Those eligible to apply were local municipalities or companies fully owned by a single or multiple local governments. In this application round, it is possible to fund the renovation of 80 to 1500 street lighting points within a single local municipality.
The state is planning to open additional application rounds for street lighting projects in the future. As the new round for applications is announced, it will be covered in the state media and on EIC’s website.
The EIC funds various environmental projects from the environmental fees of the Republic of Estonia, the sale of Estonia’s CO2 quotas, and EU structural funds. In addition, the EIC offers the possibility to apply for a special purpose loan for the implementation of environmental projects. Over the course of seventeen years, the EIC has supported nearly 20,000 environmental projects with more than EUR 1.2 billion.