CE Oltenia plans to slash CO2 emissions by 38%, but keep investing in coal
Romania’s ailing state-run electricity producer Complexul Energetic Oltenia (CE Oltenia) has drawn up a 2021-2026 restructuring and decarbonization plan that entails gradually reducing coal power production and developing renewable energy sources, with a target to cut CO2 emissions by around 38%. The plan includes EUR 1.5 billion in investments. CE Oltenia, the second-biggest electricity producer […]
450 MW offshore wind park to be built in Adriatic Sea
Italy-based energy services company Saipem has announced plans to build one of the first wind farms in the Adriatic Sea in cooperation with two other domestic firms. The offshore wind power plant, described as the biggest in Italy, will have an installed capacity of about 450 MW. Saipem said the planned wind farm will have […]
Greek Green Funds target over EUR 3 billion in investments
The Hellenic Development Bank of Investments (HDBI) has launched a program called Greek Green Funds for venture capital and private equity funds to finance businesses in the sectors of renewable energy production and technology, energy conservation infrastructure, sustainable development, and circular economy. The Greek Ministry of Development and Investments has said the program is expected […]
Serbian building firm on path to green growth with new high-efficiency equipment
Serbian construction company Karin Komerc MD has taken a significant step towards green growth by investing in new, high-efficiency equipment. The achieved cuts in energy and water consumption, reduced CO2 emissions, as well as financial savings, demonstrate the great potential of the construction industry to reduce its environmental footprint and take an active role in […]
EBRD set to lend up to EUR 5 million for energy efficiency in Niš residential buildings
The European Bank for Reconstruction and Development is considering a loan of up to EUR 5 million to finance the implementation of energy efficiency measures in up to 40 residential buildings connected to the district heating network in the Serbian city of Niš. The planned measures in the multi-story residential buildings include insulation and the […]
Bulgaria: all companies set to enter the free electricity market from 1 October 2020
Authors: Dimitar Zwiatkov, partner and Maria Harizanova, associate at CMS Bulgaria On 1 October 2020, all non-residential electricity customers in Bulgaria, which are connected to the low-voltage electricity distribution network must start buying electricity from the free market on freely negotiated rates. How would the supply of electricity change for them after 1 October 2020? Background Currently, Bulgaria is […]
Five cities in South East Europe aim to become carbon-neutral by 2030
Five cities in five different South East European countries are part of a project that aims to make them carbon-neutral as early as 2030, with a funding model for such an ambitious transformation to be designed in a way that will not increase the existing debt burden on either the public or the private sector. […]
Enel Romania investing EUR 100 million in electricity network modernization in 2020
Enel Romania’s power distribution companies will invest about EUR 100 million during 2020 in electricity network modernization in the capital Bucharest and the ten counties in which they operate. The three E-Distribuţie companies make substantial investments in network modernization every year, according to Gino Celentano, general manager of the three companies, who added that the […]