EBRD webinar: Green and resilient go hand in hand in district energy
In most countries where EBRD is active, the pandemic struck when the winter was ending, so the consequences could have been much worse. Experts say green and resilient in district energy are not conflicting options and that focusing on efficiency alone instead of lifting the share of renewables brings the risk of running out of […]
Preparatory works on Buk Bijela hydropower plant to start in September
The Republic of Srpska is waiting for the approval of BiH’s competition authorities to be able to start preparatory works for the Buk Bijela hydropower plant. It is developing the project together with Serbia and the establishment of a joint firm has already been agreed. Elektroprivreda Republike Srpske (ERS), state-owned electricity producer in Bosnia and […]
EU launches Just Transition Platform for coal regions
The European Commission has launched the Just Transition Platform to help member states draw up their territorial just transition plans and access funding from the Just Transition Mechanism, worth more than EUR 150 billion. According to the European Union’s executive body, the online tool will provide technical and advisory support for public and private stakeholders […]
EPCG is negotiating with EBRD loan for Gvozd wind farm
Power utility Elektroprivreda Crne Gore (EPCG) is negotiating a loan with the European Bank for Reconstruction and Development (EBRD) to finance the construction of the Gvozd wind farm. At the beginning of September last year, shareholders of EPCG approved the investment in the construction of the 54.6 MW Gvozd wind farm with Austria’s Ivicom Holding. […]
Most EU states not on track to reduce air pollution by 2030 – Commission’s report
Most member states are at risk of not complying with their 2020 or 2030 emission reduction commitments, according to the European Commission’s first report on the implementation of the National Emission Reduction Commitments Directive (NEC Directive). Alongside the implementation report, the European Union’s executive arm has also released its consultants’ analysis of each member state’s […]
State-owned firms bid jointly for ČEZ assets in Romania
Hidroelectrica, Electrica and SAPE may face E.ON and Allianz, India Power Corp. and MVM in the race for the Czech company’s seven businesses. ČEZ, looking for a buyer for its assets in Romania, values them at EUR 1.07 billion against the book value of EUR 15 billion A consortium established by Hidroelectrica, Electrica and SAPE […]
Amazon earmarks USD 2 billion in venture capital for Climate Pledge Fund
Jeff Bezos’s online retail empire is accelerating its efforts toward carbon neutrality. Amazon decided to invest USD 2 billion in visionary projects in the first phase of its Climate Pledge Fund. Amazon has released its annual report on sustainability and said it is setting aside USD 2 billion for the initial investment in its Climate […]
Bulgaria’s 300,000 firms to leave regulated power market amid liberalization
As of October 1, about 300,000 companies in Bulgaria will have an obligation to choose an electricity supplier. It is another step in the country’s electricity market liberalization and arguably the biggest one so far. Bulgaria is one of the few European Union member states which have not fully liberalized their electricity markets. In September, […]
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