The European Bank for Reconstruction and Development (EBRD) is launching the €75m Western Balkans Sustainable Energy Financing Facility II (WeBSEFF II) to improve energy supply in the eligible countries, with investments in energy efficiency and renewable energy projects. WeBSEFF II is supported by €11.5m in grant funds provided by the European Union for technical cooperation programmes and investment incentives for borrowers, who will benefit from consultation and advice such as free energy audits. The programme covers the countries of Albania, Bosnia and Herzegovina, Croatia, FYR Macedonia, Kosovo, Montenegro and Serbia. Eligible borrowers include private sector companies, energy service companies (ESCOs), municipalities and public building owners. WeBSEFF II builds on the success of the fully committed Western Balkans Sustainable Energy Financing Facility I (WeBSEFF I), launched in April 2009. A first loan under the framework is being provided to Raiffeisen Bank Bosnia and Herzegovina in the amount of up to €5m, to enable the borrower to deepen its sustainable energy financing activities in the country.