EPCG, KfW ink EUR 33 million loan for Phase II of HPP Perućica’s reconstruction
Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) has signed a EUR 33 million loan agreement with German development bank KfW for Phase II of a project to overhaul and modernize the Perućica hydropower plant (HPP), the country’s oldest. The loan agreement for the second phase of HPP Perućica’s reconstruction and modernization was signed by […]
ELES, GEN-I to pursue green transformation through smart grids
Slovenian power transmission system operator (TSO) ELES and electricity trader GEN-I have signed an agreement to form a consortium that will seek to accelerate the Slovenian energy sector’s green transformation through smart grids, according to a press release from GEN-I, part of GEN Group. The agreement to pursue green energy transformation through smart grids was […]
SrbGBC organizing World Green Building Week in Serbia
Buildings and construction are responsible for 39% of global energy-related carbon emissions. World Green Building Week, taking place from September 23 to 29, this year aims to raise awareness of the carbon emissions from all stages of a building’s lifecycle. The Serbia Green Building Council (SrbGBC) is organizing the campaign for the ninth year running […]
IKEA parent confirms acquisition of Vestas’ 80% stake in Romanian wind farms
Ingka Group, the parent company of Swedish furniture giant IKEA, has confirmed in a press release it has reached an agreement with Denmark’s Vestas Wind Systems to acquire an 80% stake in 7 wind farm entities in South-East Romania. Although the transaction between IKEA’s parent company and the Danish wind turbine manufacturer is signed, final […]
Grundfos unveils BioBooster wastewater treatment facility in Serbia
Denmark-based pump manufacturer Grundfos has unveiled the BioBooster wastewater treatment facility under a EUR 2 million investment at its plant in Inđija, Serbia, the first location outside Scandinavia to boast the state-of-the-art facility, the company said. The facility in Indjija is working towards a closed-loop scenario, where the Grundfos BioBooster system is a key part […]
Syndicated loan for Green Group signals stronger backing for sustainable economy
Green Group, which gathers six Romanian companies specialized in waste collection and recycling companies, has secured Romania’s first syndicated loan signaling the local banking sector’s more significant involvement in the circular economy, local media reported. Green Group will use the EUR 66 million loan to refinance its outstanding loans and finance new projects and development […]
Croatia’s largest integrated solar power plant for self-consumption unveiled
Genera, the Croatian subsidiary of the UK-based veterinary products manufacturer Dechra Pharmaceuticals, has officially opened the country’s largest integrated solar power plant for self-consumption. The integrated solar renewable energy facility, built under a GBP 1.3 million investment partially subsidized by EU funds, features 5,543 rooftop photovoltaic (PV) panels fitted at Genera’s plant in Sveta Nedelja, […]
EBRD requires proper environmental impact assessment for projects it finances
The European Bank for Reconstruction and Development (EBRD) applies tight environmental and social standards to projects it finances and encourages partners to do the same. However, its leverage is limited to the projects it finances. Dariusz Prasek, Director of Operations, Environment and Sustainability Department, EBRD discusses these and other issues pertaining to the EBRD’s new […]