GGF wins UN’s Principles for Responsible Investment award
This year’s winner of the UN-initiated Principles for Responsible Investment (PRI) award in the “Real-world impact initiative of the year” is Green for Growth Fund (GGF), one of the first specialized vehicles to invest in renewables and energy efficiency. The Principles for Responsible Investment was founded in 2006 by the UN Secretary-General Kofi Annan. Since […]
National Bank of Greece raises EUR 500 million via green energy bonds
NBG sold green energy bonds worth EUR 500 million with the obligation to invest the funds in hydropower, wind parks and photovoltaic projects in Greece. The European Bank for Reconstruction and Development revealed it invested EUR 50 million in a six-year senior preferred green debt issuance by the National Bank of Greece (NBG). The Greek […]
Albania, Kosovo* sign agreement to establish joint power exchange
Kosovo’s transmission system operator (TSO) KOSTT and its Albanian counterpart OST have signed the agreement on the establishment of the Albanian Power Exchange – ALPEX, formerly called APEX. The shareholder agreement for ALPEX was signed by Chief Executive Officer of KOSTT Ilir Shala, and Administrator of OST Skerdi Drenova. ALPEX, based in Tirana, will operate […]
Greece drafts law on sustainable urban mobility plans, micromobility
Municipalities in Greece will need to adopt sustainable urban mobility plans, according to a draft law, which is also aimed at regulating micromobility – scooters and other electric devices. Drivers should be able to conduct vehicle transfers and renew licenses via mobile applications. The Ministry of Infrastructure and Transport of Greece presented its draft law […]
Croatia subsidizes purchase of electric buses for public transport
For the first time, Croatia’s Environmental Protection and Energy Efficiency Fund (FZOEU) will co-finance the procurement of electric and hydrogen-fuelled buses for public transport in urban areas in order to reduce air pollution. Numerous analyses and studies have shown electric buses are more cost effective and environmentally friendly, but almost all cities in the region […]
City of Skopje supports its households to reduce air pollution
The City of Skopje said 4,282 households applied to buy inverter air conditioners with subsidies and hand over their wood stoves or boilers that use heating oil. They are entitled to as much as EUR 1,000 each within the scheme for improving air quality. Utilities in the North Macedonian capital have been collecting wood stoves […]
Bechtel, Albania sign MoU on construction of HPP Skavica
US construction company Bechtel and Albania’s Ministry of Infrastructure and Energy will jointly prepare an action plan for the implementation of the Skavica hydropower plant project. The planned installed capacity of the HPP is 210 MW while investment is estimated in the range of EUR 308 million to EUR 510 million. The action plan is […]
China completes world’s second-largest solar power plant
Huanghe Hydropower Development connected its photovoltaic park of 2.2 GW to the grid. The second-biggest solar power plant in the world is located in Qinghai, China, and includes an energy storage system of 202.9 MW supplied by domestic company Sungrow. It is part of a giant renewables project, which is planned to reach 16 GW. […]
Recent Comments