GGF provides EUR 25 million in green finance to DenizBank in Turkey
A senior loan of EUR 25 million to the new partner in Turkey will increase the uptake of renewable energy, energy efficiency and resource efficiency measures, GGF said. The deal with DenizBank is seen resulting in annual primary energy savings of 58.4 GWh and a CO2 emission reduction of 13,000 tons. The Green for Growth […]
EU cuts Just Transition Fund to EUR 10 billion in COVID-19 recovery deal
The European Council reached an agreement on the seven-year budget through 2027 including a mechanism for the recovery from the effects of the coronavirus pandemic worth EUR 750 billion. The EU heads of state and government gave the green light for EUR 10 billion for the Just Transition Fund from the COVID-19 war chest, slashing […]
Tetra Pak factory in Serbia consuming only renewable electricity
Tetra Pak has a goal of reaching net zero greenhouse gas emissions within a decade and its plant in Gornji Milanovac in Serbia has contributed by consuming electricity from 100% renewable sources. Tetra Pak has announced that it obtained renewable electricity certificates that account for 100% of the electricity consumption in its factory in Gornji […]
CINS: Official air quality monitoring data for Serbia are unreliable
Some automatic stations that measure air pollution in Serbia were out of service for years and others recorded partial or unreliable data amid a lack of funding. The state lowered reporting standards since the system was rolled out ten years ago. The capacity of domestic automatic monitoring stations has been decreasing since 2010, when they […]
Global investment in offshore wind power rises fourfold in first half of 2020
The allocation of funds for renewable energy from January to June outperformed data from most economic reports in the world, which can largely be attributed to offshore wind power. The sum of investment decisions in the subsector jumped 319% to USD 35 billion on an annual basis, topping the result from entire last year. The […]
Galascope completes solar power plants of 7.5 MW in Cyprus
RCB Bank financed the construction of two solar power plants in Cyprus with the help of the European Investment Bank. Galascope connected the facilities with an overall capacity of 7.5 MW to the grid and it will sell electricity in the open market. Galascope connected two photovoltaic parks of 7.5 MW in total to the […]
EFT signs concession for 60 MW solar power plant in Bileća in BiH
Energy Financing Team SE Bileća inked a deal for its first photovoltaic unit. After EFT Group’s subsidiary launched the initiative for a concession to build a 60 MW solar power plant, the Republic of Srpska started the procedure in January. The Ministry of Energy and Mining of the Republic of Srpska said Minister Petar Đokić […]
Zorlu Energy merging its geothermal, renewables businesses for IPO
Zorlu Enerji Elektrik or Zorlu Energy intends to establish a renewables subsidiary and prepare it for an initial public offering. The new company, Zorlu Yenilenebilir Enerji, will focus on geothermal projects, according to the agenda prepared for the general assembly next month. Zorlu Jeotermal Enerji Elektrik, Zorlu Doğal Elektrik and Rotor Elektrik, fully owned subsidiaries […]
