BEH gets EBRD’s financial backing to help with energy market liberalization
State-owned energy company Bulgarian Energy Holding (BEH) has secured a EUR 100 million investment from the European Bank for Reconstruction and Development (EBRD) in its seven-year EUR 550 million bond issuance to refinance an earlier bond under better terms, in what will improve its financial structure and is expected to help with the country’s energy […]
Delayed project to build biomass heating plant in Novi Pazar expected to wrap up in 2019
The delayed EUR 3.6 million project to build a biomass heating plant in Novi Pazar as part of a wider plan for 10 district heating operators in Serbia to switch from fossil fuels to renewable energy sources is now expected to be completed in 2019, according to assistant mayor Faruk Suljević. Suljević told Sto Plus, […]
Belgrade landfill operator to apply to get biogas plant into feed-in tariff system
Once it gets the construction permit under the EUR 330 million public-private partnership (PPP) project to remediate the Vinča landfill, Suez Vinča Operator will apply to sell the output of a 3 MW biogas plant under the feed-in tariff system, according to Marko Milačić, managing director of the firm, 100% owned by France’s Suez Groupe. […]
Europe’s 1st automotive renewables PPA bolsters corporate drive to fight climate change
Even as climate change deniers hold some of the world’s top political offices and corporate posts, responsible business is taking tangible steps to fight climate change. Mercedes-Benz recently announced Europe’s first automotive Power Purchase Agreement (PPA) with a 45 MW Polish wind farm to power its manufacturing facility in the nearby town of Jawor, with […]
World Cleanup Day to be organized in 194 municipalities in Serbia
Millions of volunteers around the world will unite on September 15 to clean up roads, parks, beaches, forests, and riversides, with the aim of not only moving towards better waste handling, but also raising awareness both locally and globally about the severity of the situation. World Cleanup Day is a civic action empowered by technology […]
Power utility EPBiH swings to EUR 15 million net profit in H1
Power utility Elektroprivreda BiH (EPBiH) reported a net profit of around BAM 28 million (some EUR 15 million) in the first half of 2018, after posting a loss of nearly BAM 23 million (about EUR 12.4 million) in H1 2017. The financial data is partly due to poor hydrological conditions and bad weather last year […]
Croatia scrubs plan to co-finance installation of EV charging stations in 2018
Croatia’s Environmental Protection and Energy Efficiency Fund has closed its announcement it would co-finance the installation of electric vehicle (EV) charging stations in 2018, providing no explanation. “We hereby inform potential applicants that the Environmental Protection and Energy Efficiency Fund will not accept expert proposals from August 6 concerning the public invitation for direct co-financing […]
Macedonia taking steps to market-based support scheme for renewables
Macedonia has recently taken legislative steps toward introducing a market-based support scheme for renewable energy, as well as prosumers that would produce electricity for self-consumption and feed surpluses to the grid. The 2018-2020 Economic Reform Program (ERP), produced as part of the country’s EU accession process, provides a timeline for preparing implementing regulations and carrying […]