Consultant sought to help launch renewable energy auctions in Kosovo*
The European Bank for Reconstruction and Development (EBRD) has invited expressions of interest in providing it with consultancy services in order to support the Government of Kosovo* in developing and implementing a competitive scheme for the award of future support to renewable energy generators. The EBRD previously engaged with the Kosovo* authorities on the development […]
ActNow! – Here’s what you can do to save Earth from climate change
The United Nations has launched a new climate campaign called ActNow to encourage individual action on climate change. Here is what we have to add: Change your patterns and routines – to save the planet, both collective and individual change is required. This is what YOU can do as an individual to save Earth from […]
IKEA parent confirms acquisition of Vestas’ 80% stake in Romanian wind farms
Ingka Group, the parent company of Swedish furniture giant IKEA, has confirmed in a press release it has reached an agreement with Denmark’s Vestas Wind Systems to acquire an 80% stake in 7 wind farm entities in South-East Romania. Although the transaction between IKEA’s parent company and the Danish wind turbine manufacturer is signed, final […]
Six companies submit applications to install 257 MW of PV plants in Croatia
The construction of seven solar power plants with a combined installed capacity of 257 MW is planned in Croatia, according to applications submitted to the Ministry of Environmental Protection and Energy. The two power plants with a total capacity of 95 MW planned by Croatian power utility Hrvatska Elektroprivreda (HEP) alone would increase Croatia’s total installed solar […]
Grundfos unveils BioBooster wastewater treatment facility in Serbia
Denmark-based pump manufacturer Grundfos has unveiled the BioBooster wastewater treatment facility under a EUR 2 million investment at its plant in Inđija, Serbia, the first location outside Scandinavia to boast the state-of-the-art facility, the company said. The facility in Indjija is working towards a closed-loop scenario, where the Grundfos BioBooster system is a key part […]
Energy Vault – energy storage made of concrete blocks and cranes
Concrete blocks and cranes that is all that you need to store electricity. How? Simple. The crane uses excess energy from renewables to lift concrete blocks, and when the power is required, the crane lifts blocks, and the generator produces it. The process is similar to a pumped-storage hydropower plant (HPP), with water substituted with […]
Syndicated loan for Green Group signals stronger backing for sustainable economy
Green Group, which gathers six Romanian companies specialized in waste collection and recycling companies, has secured Romania’s first syndicated loan signaling the local banking sector’s more significant involvement in the circular economy, local media reported. Green Group will use the EUR 66 million loan to refinance its outstanding loans and finance new projects and development […]
Piraeus Bank joins EUR 650 million EIB green infrastructure investment program
Piraeus Bank has agreed to support a new EUR 650 million infrastructure investment program developed by the Hellenic Ministry of Development and Investments and the European Investment Bank (EIB). Piraeus is the second leading Greek bank to confirm participation with the scheme, after the National Bank of Greece. Piraeus Bank will identify and invest in […]
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