Lighting overhaul in university dorms of Vojvodina
All eight university dormitories in Novi Sad, the capital of Serbian northern province Vojvodina, are getting LED lighting installed, together with an energy savings control system in two buildings, according to the information provided on Studentski centar Novi Sad website. The contract also includes dorms in the towns of Sombor and Zrenjanin, managed by the […]
Electricity production increases by over 10%
Romania’s electricity production reached 64.8 TWh last year, up by 10.5% compared to 2013, Energy World magazine reported. Domestic consumption amounted to 57.7 TWh, up by 1.9% compared to 2013. Romania was a net exporter, as the import-export balance reached 7 TWh, according to Romania’s Energy Authority ANRE. Wind energy had a 9.56% share in […]
GGF partners ProCredit Bank Serbia in green lending
Green for Growth Fund, Southeast Europe (GGF) said it entered into a partnership with ProCredit Bank Serbia to support green lending in that country. ProCredit Bank is market leader there in terms of energy efficiency lending with a strong focus on agricultural and small and medium enterprise (SME) lending, the press release added. The EUR […]
SBI Offshore buying majority stake in solar assets
A cash and shares transaction has been announced for 51% stakes in four photovoltaic plants in Bulgaria and two operating companies operated by Gräss Group from Germany. SBI Offshore, listed on the Singapore Exchange, said it will pay SGD 13.97 million (EUR 9.03 million) to its German partner, and assets will be injected into Graess […]
EBRD investing up to EUR 400 million in energy
The European Bank for Reconstruction and Development plans to increase its investments in Turkey, according to its country director Jean-Patrick Marquet, as reported by Invest in Turkey portal. The bank will channel EUR 300 million to EUR 400 million into that market this year, including acquiring stakes in Borsa Istanbul and renewable energy company Gama […]
Applications for wind farms of 42.9 MW and 48 MW
Energy Ministry of the Federation of Bosnia and Herzegovina, one of the country’s two autonomous entities, issued a report on recent applications for energy permits – ten solar power facilities between 10 kW and 987 kW of capacity, and two wind parks, with 42.9 MW and 48 MW. The application for the first one, by […]
Tissue maker awaits funds from EBRD
European Bank for Reconstruction and Development said it is considering the provision of a long-term loan of up to EUR 4.5 million to Paloma DD for energy and resource efficiency investments as well as working capital needs. The investment will support a balance sheet restructuring, improve resource efficiency at the tissue producer and facilitate its […]
Transmission operator reports profit drop
In the first half of the year the net earnings of CGES (Montenegrin Electrical Transmission System) were EUR 2.19 million, 3.6 times smaller than in the first six months of 2014. In a filing to Montenegro Stock Exchange the company reported sales of EUR 15.4 million, marking a 23.3% drop year on year. Expenditure rose […]