Currently, the application process for an energy efficiency support program for apartment buildings in Latvia is closed, as the entire 170 million euros in funding has been reserved, with a resumption expected only in late 2027.
The energy efficiency support program for apartment buildings in Latvia, managed by ALTUM, has reached full capacity, with all 170 million euros of funding reserved. MΔrtiΕΕ‘ Paurs, a spokesperson for the program, noted that all buildings that were prepared to submit their documentation did so prior to the program closing, an outcome that caught many by surprise due to the high demand not only in Riga but across Latvia.
The program is not expected to reopen until the end of 2027, leaving many property owners in a challenging position. Paurs mentions that at least 30 apartment buildings are ready to undertake renovations and will submit their applications as soon as the program resumes. He added that when the program was last open, all funding was secured within just 40 days, indicating that potential applicants must prepare in advance to meet this tight deadline since gathering all property owners and preparing the necessary documents within that timeframe will be a significant challenge.
In response to the rapid closure of the application process, property owners are encouraged to start preparations early to avoid missing out on future funding opportunities. The demand for this support reflects a growing emphasis on energy efficiency within the housing sector in Latvia, indicating both a social and economic shift towards sustainable living practices.
