Draft National Energy and Climate Plan envisages EUR 32.7 bln in investments to boost RES share to 32% by 2030
Greece’s draft National Energy and Climate Plan calls for EUR 32.7 billion in investments from 2020 to 2030 for the share of renewable energy sources (RES) in energy consumption to rise to 32% and electricity production to 55%. Comments to the draft plan are due by December 3, according to the Ministry of Environment and […]
EP approves 2030 target of 32% for renewables, 32.5% for energy efficiency, 35% for CO2 emissions cuts for trucks
The European Parliament (EP) has approved a binding 2030 target for renewables of 32% and an indicative target on energy efficiency of 32.5% that will play a crucial role in meeting the EU’s climate goals, according to a press release from the EP. By 2030, energy efficiency in the EU has to have improved by […]
Resalta implements one of largest, newest energy monitoring systems in Bulgaria for Serdika Center
Slovenia-based Resalta, a leading energy service company (ESCO) in South-East Europe (SEE), has recently completed a project for Serdika Center in Sofia, one of the largest shopping malls in Bulgaria. Resalta has modernized the center’s energy monitoring system, significantly improving Serdika’s ability to control its energy consumption, the ESCO said in a press release. Serdika […]
Fintel Energija to start trading on BELEX on Nov. 20 as it completes Serbia’s 1st IPO in 80 years
Belgrade-based renewable energy company Fintel Energija, a subsidiary of Italy’s Fintel Energia, will start trading on the Belgrade Stock Exchange (BELEX) on November 20, having successfully completed Serbia’s first initial public offering (IPO) in nearly 80 years, raising a total of some RSD 755.2 million, or around EUR 6.3 million, for a new wind farm […]
Ride-hailing service CarGo adds 20 hybrid cars to fleet
Serbian ride-hailing service CarGo has expanded its fleet with 20 new Toyota hybrid cars, which help reduce harmful emissions and protect the environment, the company has said in a news release. This is the first part of an investment cycle that will see CarGo add another 30 hybrid cars produced by the Japanese carmaker by […]
Serbia, Croatia, BiH, Bulgaria, Romania, Cyprus among countries to improve green transition scores – EBRD
Serbia, Croatia, Bosnia and Herzegovina (BiH), Bulgaria, Romania, and Cyprus are among countries that improved their 2018 scores in the area of green transition compared to 2017, while the scores of Albania, Macedonia, Greece, Kosovo*, Montenegro, and Turkey, among other markets, remained unchanged, according to the European Bank for Reconstruction and Development’s (EBRD) Transition Report […]
Republika Srpska’s electricity balance for 2019-2021 projects annual surpluses of over 1,500 GWh
The Republika Srpska government has passed a decision on the adoption of state power utility Elektroprivreda Republike Srpske’s (ERS) electricity balance for 2019 and a decision on the adoption of ERS’ electricity balance for 2019-2021, projecting significant balance surpluses in the observed period, according to a statement issued following a government session on Monday, November […]
Turkish chemicals firm gets EUR 15 million loan from EBRD to contribute to greener tire production
The European Bank for Reconstruction and Development (EBRD) is lending EUR 15 million to Turkish chemicals maker Egesil Kimya Sanayi ve Ticaret A.S., majority owned by Germany’s Evonik Industries, to increase production of precipitated silica, a key component of energy-efficient tires that reduce carbon emissions, according to a news release from the EBRD. The loan […]