QNB Finans Leasing gets EUR 25 million loan from EBRD to finance energy efficiency investments
QNB Finans Finansal Kiralama A.S., a leasing subsidiary of Turkey’s QNB Finansbank, has received a EUR 25 million loan from the European Bank for Reconstruction and Development (EBRD) to on-lend to small and medium-sized enterprises (SME) for energy efficiency investments. The EBRD loan is extended under the third phase of the Turkey Sustainable Energy Financing […]
BSTDB initiates first energy efficiency facility in Romania
The Black Sea Trade and Development Bank (BSTDB) has secured a EUR 7 million revolving facility for Garanti Consumer Finance, a Romanian non-banking financial institution, to finance energy efficiency, renewable energy, and water-saving solutions in the Romanian residential housing sector, the BSTDB said in a press release. The BSTDB’s first facility of the kind is […]
HEP signs construction deal for Zagreb CCPP as it secures EUR 130 million in lending from EBRD, EIB
Power utility Hrvatska Elektroprivreda’s (HEP) project to build a new gas-fired combined-cycle gas-turbine plant to replace old and worn-out units at the EL-TO Zagreb combined heat and power (CHP) site will be backed with a total of EUR 130 million in lending from the European Bank for Reconstruction and Development (EBRD) and the European Investment […]
Užice announces EUR 2 million energy efficiency investment in schools for 2019
The City of Užice has announced a EUR 2 million energy efficiency investment in seven schools for 2019 as part of the energy efficiency program jointly implemented with the Swiss Cooperation Office. Užice Deputy Mayor Nemanja Nešić said that the energy efficiency program, financed by the Swiss State Secretariat for Economic Affairs (SECO), is designed […]
Government proposes changes to law on biofuels, adopts energy efficiency report for 2017
The Croatian government has adopted a bill on changes to the law on biofuels, setting a 7% ceiling for the share of first-generation biofuels in the total direct annual energy consumption in transport by 2020, in line with the EU Directive 2015/1513. Under the bill, the indicative national target of the share of advanced biofuels […]
ORF-EE and Association of Municipalities and Cities of FBiH hold SUM Training in Konjic
The GIZ Open Regional Fund for South-East Europe – Energy Efficiency (ORF-EE), in collaboration with the Association of Municipalities and Cities of the Federation of Bosnia and Herzegovina (FBiH) – Savez općina i gradova FBiH, held a Training on Sustainable Urban Mobility in Konjic on July 19. The meeting brought together representatives of municipalities of FBiH who […]
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 […]
GGF Impact Stories: Improving energy efficiency in Montenegro
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 […]