GGF to boost energy efficiency in Macedonia with EUR 10 million
The Green for Growth Fund (GGF) has extended its loan to Halkbank Skopje with EUR 10 million to further increase energy efficiency in Macedonia. Energy efficiency measures which will be financed in Macedonia with the GGF loan are projected to result in primary energy savings of almost 50,000 MWh on an annual basis. In addition, […]
35% higher energy price for companies in Albania
More than 6,000 businesses in Albania will pay energy prices increased by 15% up to 35% when fees for the distribution service come into effect. According to Albanian media, Energy Regulatory Entity (ERE) has approved new distribution network tariffs. In addition to the regular price, businesses that are connected to 20 kV and 35 kV […]
GGF funds energy efficiency measures in Turkey with EUR 15 million
The Green for Growth Fund (GGF) has agreed to lend EUR 15 million to Turkey’s Garanti Leasing to foster investments in energy efficiency and renewable energy equipment by Turkish micro, small, and medium enterprises (MSMEs). Energy efficiency measures financed with the GGF loan are expected to achieve annual primary energy savings of approximately 61.000 MWh […]
BiH failed to secure financial support for transmission line construction
Bosnia and Herzegovina (BiH) cannot access the EU funds due to the failure to comply with the Energy Community Treaty and the Third Energy Package of the EU directives. It also stopped the implementation of the project for the construction of a 400 kW transmission line which is to connect Serbia, BiH and Montenegro. Since 2014 […]
Investor gives up building HPP in Velebit Nature Park
The company “Hydroelectric power plants” gave up construction of a small hydropower plant (SHPP) on the river Krupa in Velebit Nature Park, which was welcomed by a number of associations for the protection of nature, according to the World Wide Fund for Nature (WWF). “’Hydroelectric power plants’ informed the Ministry of Nature Protection and Energy […]
Shower of requests for energy permits for PV power plants in BiH
Federal Ministry of Energy, Mining and Industry of Bosnia and Herzegovina (BiH) announced that 14 companies filed requests for energy permits. The investors request new energy permits or the renewal of existing ones which are needed for the solar photovoltaic (PV) power plants construction. As reported on the website of the Ministry, the general public […]
Cost of capital for onshore wind and solar investments mapped
Investments in wind and solar energy in Southeast Europe did not increase even though the cost of capital decreased in 2014-2016, which is why stable policy schemes have to be designed at European and national level, according to the “Pricetag” study funded by the European Climate Foundation. The “Pricetag” project examined the cost of capital […]
Quota for energy promoted through green certificates decreased
Mandatory renewable energy quota promoted through green certificates in Romania has been decreased by about one third by government decree. In 2017. the quota will be 8,3 percent of Romania’s gross final consumption, compared to 12,5 percent in 2016. The decision will come into effect after the next government of Romania, where parliamentary elections were held on […]