BEAD – Converting commercial properties into intelligent digital buildings saving energy, reducing emissions
Energy consumption in buildings currently accounts for over 40% of all energy consumed in Europe and US. Human behavior alone is the source of 20%-40% of energy waste in buildings. This problem is being addressed by Turkish startup BEAD, an entrant in this year’s clim@ competition for startups organized by the Green for Growth Fund […]
Terna secures financing from EIB, Alpha for two wind farms in Greece
Greece’s Terna Energy Group has secured financing for the construction of two 44 MW wind farms on Mt. Vermio in northern Greece. The European Investment Bank (EIB) extended a EUR 24 million loan, while Alpha Bank acted as co-lender providing an equivalent amount of long-term debt next to a medium-term VAT facility. The EIB’s loan […]
EPCG swings to net profit of EUR 42.8 million in H1
Power utility Elektroprivreda Crne Gore (EPCG) had a net profit of EUR 42.8 million in the first half of 2018, the company said on its website, adding that its Board of Directors has adopted a decision on the 2017 consolidated results, which show that EPCG Group’s net profit stood at EUR 1.5 million last year. EPCG’s […]
U.S. Energy Association, USAID to support regional electricity market creation in SEE
The U.S. Energy Association (USEA) and the United States Agency for International Development (USAID) have structured a landmark agreement that supports the development of a regional electricity market among transmission system operators (TSOs) and market operators (MOs) in eight countries in Southeast Europe (SEE), the USEA said on its website. Under the new Electricity Market Initiative (EMI), […]
Measures to tackle air pollution inefficient, financing inadequate – analysis
An analysis of the National Audit Office (NAO) identifies the inefficiency of measures and the inadequacy of financing as key reasons for poor results in tackling air pollution in Bulgaria. The NAO analysis is part of a collective audit by 15 audit offices in the region and the EU, covering the period from 2014 to 2017. […]
Construction of Serbia’s first geothermal district heating system kicks off
The municipality of Bogatić should get Serbia’s first geothermal district heating system by the beginning of the heating season, with this renewable energy source to be first used to heat public facilities and later to be made available to individuals and businesses, representatives of the municipality announced. The new geothermal heating system will result in […]
Green Party proposes draft of new environmental impact assessment law over SHPPs
The Green Party has submitted a proposal of a draft new environmental impact assessment law to introduce a mandatory impact assessment for small hydropower plants (SHPPs), the party said on its website. The Green Party advocates a complete ban on the construction of SHPPs in protected areas and national parks. “Protected areas and national parks […]
Energy efficiency measures save 5,056.3 GWh in Bulgaria
Between 2014 and 2017, Bulgaria saved 5,056.3 GWh of energy as a result of the implementation of energy efficiency measures in all sectors of its economy. The country has reached 60.7% of its 2020 national energy savings target, local media reported. The result was published in the annual report on the implementation of the National […]