CROPEX gets record price for guarantees of origin – EUR 1.52
Croatian power exchange CROPEX has sold the entire amount of 320,232 guarantees of origin (GOs) from wind and biomass plants that are privileged power producers and receive incentives. The auctions saw the highest price for guarantees this year – EUR 1.52, for guarantees from biomass. At the last auctions, in May, CROPEX sold 356,253 guarantees […]
Western Balkans could attract EUR 2.5 billion in investments to boost energy efficiency
The Western Balkan countries are slow in using their potential in energy efficiency improvement, despite the fact that energy-saving measures could lead to additional investments worth EUR 2.5 billion and lower energy consumption in buildings by 40%, according to the Energy Transition Tracker. The slow pace translates to energy productivity in the range of 20% […]
Flora, fauna research underway in basins of four Neretva tributaries
The Center for Environment from Banja Luka began research into the flora and fauna in the basins of the Neretva river tributaries Buna, Bunica, Bregava and Trebižat with the aim to secure long-term protection and sustainable use of the water streams and thus benefit local communities and the wider public. The Critical Ecosystem Partnership Fund […]
Norway sets aside EUR 2.1 billion to develop carbon capture, storage
Equinor is working with Shell and Total on transferring liquefied CO2 through a pipeline to below the seabed so that it isn’t released into the atmosphere. Norway approved EUR 2.1 billion in state aid for the carbon capture and storage (CCS) project for a cement factory and a waste incinerator. Regulators have agreed with the […]
Hundreds of Greek families jointly building solar power plants of 100 MW
Agricultural cooperative Agrinio Union said works are underway on a group of photovoltaic facilities developed by the local energy community it established. Five hundred Greek families are jointly building solar power plants of 100 MW in total and the model has been incorporated in the national legal framework for future investments in the country. A […]
GGF provides EUR 25 million in green finance to DenizBank in Turkey
A senior loan of EUR 25 million to the new partner in Turkey will increase the uptake of renewable energy, energy efficiency and resource efficiency measures, GGF said. The deal with DenizBank is seen resulting in annual primary energy savings of 58.4 GWh and a CO2 emission reduction of 13,000 tons. The Green for Growth […]
Renewables share in WB6 is still only at around 6% of installed electricity generation capacity
Western Balkans contracting parties failed to utilize the decline in the price of renewable energy technologies and increase the use of green energy, but auctions held in Albania, Montenegro, and North Macedonia are sending some encouraging signals, according to the Energy Transition Tracker. The missed opportunity could be illustrated by the fact that the cost […]
EU cuts Just Transition Fund to EUR 10 billion in COVID-19 recovery deal
The European Council reached an agreement on the seven-year budget through 2027 including a mechanism for the recovery from the effects of the coronavirus pandemic worth EUR 750 billion. The EU heads of state and government gave the green light for EUR 10 billion for the Just Transition Fund from the COVID-19 war chest, slashing […]
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