About the GIZ Open Regional Fund for South-East Europe – Energy Efficiency (ORF-EE)
Regional project: Open Regional Fund for South-East Europe – Energy Efficiency (ORF-EE) Commissioned by: German Federal Ministry for Economic Cooperation and Development (BMZ) Implemented by: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) Partner Countries: Albania, Bosnia and Herzegovina, Montenegro, Kosovo*, Macedonia (FYR), Serbia *Croatia (as model country) Area of work: Energy Efficiency and Climate, Sustainable […]
Hungary’s MVM plans acquisitions, deals to boost regional presence ahead of IPO
Hungary’s state-owned electricity producer MVM plans to build a regional presence through a series of acquisitions and deals before its potential initial public offering (IPO), Bloomberg has reported, citing an interview by MVM CEO György Kóbor. Deals in Hungary have included the purchase of units from Germany’s E.ON and an unprofitable coal plant, which MVM […]
EU launches first call for proposals under Innovation Fund for clean technologies
The European Commission has launched the first call for proposals under the EUR 10 billion Innovation Fund, which will finance breakthrough technologies for renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage. The fund is expected to help boost the EU economy’s green recovery following the COVID-19 crisis. The first call will […]
HEP starts building Croatia’s biggest solar power plant
State power utility Hrvatska elektroprivreda (HEP) has launched works on Croatia’s biggest solar power plant, with an installed capacity of 6.5 MW. The plant, located on the island of Cres, will cost about EUR 5.43 million to build. The ground-breaking ceremony for the biggest solar power plant in Croatia was attended by Minister of Maritime […]
COVID-19: Challenges and opportunities in the district energy sector
Author: Greg Gebrail, Energy Specialist and Bojan Bogdanović, Fund Manager – Renewable District Energy in the Western Balkans Fund (ReDEWeB), Sustainable Infrastructure Group in European Bank for Reconstruction and Development (EBRD) District energy systems are commonplace in urban centers and district heating is the most common form of heating for urban homes and businesses in […]
Goldman Sachs sees renewables investment beating oil & gas for first time ever in 2021
Renewable energy investment in 2021 is expected to surpass oil and gas for the first time in history, according to a report recently published by the US-based investment bank and financial services company Goldman Sachs. Next year, renewable energy will become the largest area of spending in the energy industry, accounting for about 25% of […]
Rethinking financial sustainability for biodiversity
Biodiversity can be in the center of sustainable development, yet it requires systematic solutions and diverse mechanisms that enable retainment and reinvestment of funds into conservation. This new sourcebook deals with a range of additional financial instruments that may support planning and thinking about financing biodiversity, ecosystems and protected areas as investments in sustainable development. […]
10 steps Serbia should take on the path of green growth
Author: Danko Kalkan, Green Finance and Environmental Management Expert From an environmental point of view, Serbia is one of the most endangered countries in Europe. What are its four biggest ecological problems and what steps it needs to take in order to catch up with the developed world in terms of sustainable development? In the […]