GGF Impact Stories: Greening Serbia’s energy mix
The Green for Growth Fund (GGF), which was initiated as a public-private partnership in December 2009 by German development bank KfW and the European Investment Bank (EIB), surpassed major milestones in 2017, increasing the total financing it has provided to final borrowers to over EUR 600 million across more than 25,000 individual projects. The GGF […]
China Energy gains renewable foothold in Greece, eyes Balkan expansion
China Energy Investment Corporation, one of the world’s largest power companies, has signed a cooperation agreement with Greece’s Copelouzos Group for renewable energy and conventional electricity. Under the agreement, China Energy will enter into the equity of a significant pipeline of wind farms built by Copelouzos Group, one of the biggest investment groups in Greece […]
Green for Growth Fund lends EUR 5 million more to Partner MCF to back energy efficiency measures
The Green for Growth Fund (GGF) has secured a fresh, EUR 5 million loan to Bosnia and Herzegovina’s third-largest microcredit institution, Partner Microcredit Foundation (Partner MCF), its longstanding partner, to finance energy efficiency measures. The energy efficiency measures to be financed with the senior loan investment are projected to result in annual primary energy savings […]
Croatia to switch to premiums as feed-in tariff model “reaches end” – minister
Croatia will switch to premiums to co-finance renewable energy projects, said Minister of Environmental Protection and Energy Tomislav Ćorić. The feed-in tariff model “has reached its end” in Croatia and the state will no longer use it to subsidize electricity production from renewable energy sources, but will rather switch to premiums, Ćorić said in an […]
Greece awards 277.32 MW of capacity in 1st regular competitive auctions, EDP wins largest wind project
Greece’s energy regulator, RAE, auctioned off a total of 277.32 MW in wind and solar photovoltaic (PV) capacities in its first regular competitive auctions, held on July 2, obtaining prices lower than in the December 2016 pilot tender. A total of 53.48 MW was awarded for 83 small PV projects, with a capacity of over […]
Postal operator Pošta Slovenije forges e-mobility partnership with energy trader GEN-I, seeks to fully electrify fleet
Slovenian state postal company Pošta Slovenije has signed an agreement on business cooperation in the field of e-mobility and green next-generation delivery solutions with energy trader GEN-I, with the aim of fully electrifying its fleet, according to a news release from Pošta Slovenije. The e-mobility partnership will enable people and businesses to deliver packages in […]
Recyclers, reusable plastic bag producers invited to apply for 2018 subsidies amid calls to boost funding
The Ministry of Environmental Protection has invited recyclers and reusable plastic bag producers to apply for the 2018 subsidies, to be earmarked under the 2019 state budget, which is to be prepared later this year. The recycling subsidies are available to licensed operators of waste reuse and waste treatment facilities, including those using waste as […]
HPP Đerdap 1’s overhaul to be completed in 2021, EPS says following signature with Russian contractor
Serbia’s state power utility Elektroprivreda Srbije (EPS) has signed the 10th addendum to an agreement on the revitalization of the Đerdap 1 hydropower plant (HPP) with Russia’s Siloviye Mashiny to complete the largest Serbian HPP’s overhaul, EPS said. The revitalization of the A2 unit of the Đerdap 1 hydropower plant is planned to begin in […]