Services
Public Investment Development Agency (VIPA) is implementing various financial instruments and administering several projects aimed at improving current situation of public infrastructure, urban development, optimization of public infrastructure and energy efficiency improvements.
Loans for solar power plat installation
Public Investment Development Agency (VIPA) provides loans for solar power plat installation.The loan may finance the applicant’s investment in the installation and / or acquisition of a part of a solar power plant that meets national requirements set for prosumers, as well as the development of remote solar power plant parks.
Loans for the renewal and development of higher education and vocational training infrastructure
Public Investment Development Agency (VIPA) provides loans for the renewal and development of higher education and vocational training infrastructure (buildings).
Renovation (modernisation) of multi-apartment buildings
VIPA provides concessional loans for renovation (modernisation) of multi-apartment buildings in accordance with a program approved by the Government of the Republic of Lithuania. It is aimed at reducing thermal energy consumption, encouraging rational use of energy resources, ensuring efficient use of housing, and improving the living environment and quality of life for the population.
Energy Efficiency Financing Platform
Energy Efficiency Financing Platform (EEFP), jointly established by VIPA and Energy Distribution Operator (ESO) on 3 July 2018. VIPA invites all legal entities to join energy efficiency project implementation in Lithuania as well as to apply for energy efficiency investment platform loans designed for increasing energy efficiency and to become prosumer.
Public Buildings
VIPA administers the measure of modernisation of the central authority buildings which is implemented using finance from the Energy Efficiency Fund. As much as up to 65 million EUR is planned to be allocated for the modernisation of public buildings of the central government from this fund. The repaid subsidy funding model can also be used to renovate public buildings of the central authority.
Guarantee for Street Lighting
Municipalities wishing to use the guarantee can implement projects themselves or use the assistance of energy efficiency service providers (ETPT). By issuing a guarantee VIPA undertakes to pay to the creditor any outstanding commitments of the debtor (municipality) under the loan contract which were granted to fund the project on the modernisation of street lighting.
Municipalities Buildings Fund
Loans are provided for modernization (renewal) of municipal public buildings to promote energy efficiency improvement. VIPA signed an agreement with financial instrument manager Šiaulių Bankas , which provides loans directly to applicants.
Cultural Heritage Fund
The fund has been set up with 5.2 million EUR from the European Regional Development Fund. These funds finance loans to public and private legal entities managing cultural heritage objects. VIPA signed an agreement with financial instrument manager Šiaulių Bankas , which provides loans directly to applicants.
Water supply and wastewater Fund
The fund has been set up with 30 million EUR from the Cohesion Fund. These funds provide loans to finance the development and reconstruction of water supply and sewerage networks. Potential applicants are public drinking water suppliers and waste water managers.
Municipality grants
Since 1 June 2016, municipalities that invest in budget saving projects and in projects which increase their revenue through projects funded by the European Union Structural Funds, may receive grants from the state budget to secure its own contribution. To this end, they may submit applications to the Public Investment Development Agency (VIPA), which administers grants.
Repayable assistance
VIPA is currently developing a repayable assistance model for financing renovation of central government buildings. In general repayable assistance should be applied where the market fails – where the interest of private investors (ESCO’s) in renovation is low. This might be the case with renovation of cultural heritage buildings or buildings with specific security restrictions that require more funds than usually.