GGF supports two large-scale wind farms in Serbia

The Green for Growth Fund (GGF), advised by Finance in Motion GmbH, will support two of the first large-scale wind farms in the country – the 158 MW Čibuk 1 wind farm and the 42 MW Alibunar wind farm with a total of EUR 31.85 million, GGF said in a statement. The GGF secured EUR […]

Hrvatski Telekom sells retail electricity business to RWE Hrvatska

Hrvatski Telekom will sell its power business to RWE Hrvatska, the telecommunication company said in a press release. Hrvatski Telekom has concluded a contract with RWE Hrvatska initiating the process of the transfer of its retail electricity business segment to the German energy company’s subsidiary, Hrvatski Telekom announced. This transaction has no influence on the […]

OEDAS inks finance deals worth USD 330 million to upgrade distribution network

Turkey’s electricity distribution company Osmangazi Elektrik Dagitim (OEDAS), a subsidiary of Zorlu Energy Group, has signed project finance agreements with three international finance institutions (IFI) for Turkish lira-denominated lending worth USD 330 million to finance electricity distribution investments. The lending from the European Bank for Reconstruction and Development (EBRD), IFC, a member of the World […]

EIB provides EUR 15 million to HBOR for biodiversity improvement

European Investment Bank (EIB) has provided EUR 15 million to Croatian Bank for Reconstruction and Development (HBOR) under the Natural Capital Financing Facility in order to improve conservation of existing biodiversity, improve green infrastructure and strengthen climate change resilience. The Natural Capital Financial Facility, founded 3 years ago by the EIB and the European Commission, has […]