Norway Grants pledge EUR 26 million for green projects
Romania’s private enterprises and non-governmental organizations will be awarded with funds for ongoing projects by the Green Industry Innovation Programme, funded by Norway, Business Review’s portal reported. Out of 53 entities, 32 are partnerships by companies or NGOs from both countries. Norway Grants allocates EUR 26 million for job creation, reduction of carbon-dioxide emissions, energy […]
Short-term levy imposed for viability of renewables
The parliament approved a ‘temporary green tax’, deemed necessary by the government to ensure the viability of the Renewable Energy Sources Fund, local media said. The fee charged to all electricity consumers was raised to 0.65 euro cents per kWh from 0.5 euro cents per kWh. The increase applies until the end of the year. […]
Electricity bridge planned with Georgia, Azerbaijan
A new power line will be added to the current energy corridor that runs between Turkey, Georgia and Azerbaijan, Daily Sabah reported. The electric part of the corridor starts with the Baku–Tbilisi–Ceyhan oil pipeline and continues with the Trans-Anatolian Natural Gas Pipeline (Tanap). Boards came together in Georgia’s capital Tbilisi and chose two routes. Deputy […]
Norway assists in plans for energy exchange
Minister of Energy and Industry Damian Gjiknuri announced that Albania will finally establish its energy stock market in cooperation with the Norwegian government. At a press conference, he said the project is conceived based on Norway’s platform, according to a report on Invest in Albania portal. The exchange will be a mechanism for physical and […]
Alcazar Energy gets support for green energy projects
IFC, a member of the World Bank Group, announced its investment of USD 25 million (EUR 22.7 million) in a pioneering power company, to help develop a series of renewable energy projects in the Middle East, Turkey, and Africa, spurring economic growth and helping meet the growing demand for power. IFC’s equity investment will help […]
Agro-solar revolution in combination with education
Works on 500 kW canopy photovoltaic system were launched on July 6 in Medinci near the town of Slatina in Croatia’s northeast, Virovitica–Podravina County’s Regional Development Agency said on its website. It is a unique example in the country of combining renewables with agriculture, as the land on which the facility named Sinerot is installed […]
CEB secures credit line for Bulgarian Development Bank
The Administrative Council of the Council of Europe Development Bank (CEB) has approved a credit line in the amount of EUR 150 million for Bulgarian Development Bank (BDB). The funds will be used for special purpose financing under the National Programme for Energy Efficiency of Multi-family Residential Buildings in the amount of up to BGN […]
Electrocentrale completes 1.7 MW photovoltaic project
The electric photovoltaic power plant at Chiscani in eastern Romania has been launched in the presence of Andrei Gerea, Minister of Energy, Small and Medium-Sized Enterprises and Business Environment. The project worth EUR 2.45 million has been developed by Electrocentrale Grup as the beneficiary and the association of Tractebel Engineering Romania as consultant and project […]