Resalta to modernize lighting in 6 outlets of retailer Univerexport
Resalta has signed a contract for the modernization of lighting in six facilities of retailer Univerexport, according to a press release from Resalta. In order to improve energy efficiency, Univerexport, the largest domestically-owned retailer in Serbia, hired Resalta to replace lighting at locations where it had not already switched to LED. Resalta will replace the […]
Greece launching new renewables, sustainable infrastructure investment scheme
Fresh investment in renewables, energy efficiency, and urban development projects across Greece will be supported following the first agreement under a new EUR 650 million infrastructure investment initiative, according to a press release from the European Investment Bank (EIB), which manages the Infrastructure Fund of Funds. The Infrastructure Fund of Funds, to support renewable energy […]
Local governments get EUR 2.76 million from budget fund for energy efficiency
Serbian Mining and Energy Minister Aleksandar Antić has signed agreements with representatives of 24 local governments to receive a total of RSD 325 million (around EUR 2.76 million) from Serbia’s budget fund for improving energy efficiency. The energy efficiency funds have been allocated to Trgovište, Surdulica, Subotica, Bela Palanka, Majdanpek, Alibunar, Zemun, Svilajnac, Raška, Kanjiža, […]
European Commission: Turkey makes good progress on renewables, energy efficiency
Turkey is moderately prepared in the area of energy, according to the European Commission’s latest report on the country in view of EU enlargement. Good progress has been made on security of supply, renewable energy, and energy efficiency, the European Commission said. In the coming year, Turkey should in particular: adopt legislation in line with […]
European Commission: Montenegro should step up enforcement of laws in environmental protection, climate change
Montenegro has made some progress in harmonizing its legislation with the EU in the field of energy, especially regarding renewables, the European Commission said in its latest report on the country’s progress in aligning with the EU acquis, while calling on the authorities to switch from feed-in tariffs to market-based support schemes for renewable energy. […]
European Commission: Kosovo* continues to rely on lignite, some progress seen on renewables
Kosovo* has some level of preparation in the field of energy, but continues to rely on highly polluting lignite, according to the European Commission’s latest annual report, part of its annual assessment of the implementation of reforms in the Western Balkan partners. Kosovo* made some progress in the area of energy, including the adoption of […]
IEEFA: GE lost billions in market capitalization by misjudging energy transition
According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA), General Electric (GE) lost USD 193 billion or 74% of its market capitalization over 2016-2018. “This value destruction was driven in large measure by the collapse of the new thermal power construction market globally – a collapse which caught GE entirely […]
5 MWe biomass cogeneration plant officially opened in the city of Slatina
Resalta, the energy efficiency and renewable energy company, marked the opening of the Slatina biomass cogeneration plant in Croatia this week. The 5 MWe plant is one of the major renewable energy projects in that part of the country and produces enough electricity to power 500 households, according to a press release from Resalta. Resalta, […]