BioRES project wraps up first year of implementation
BioRES – Sustainable Regional Supply Chains for Woody Bioenergy is a project of 30 months which started in January 2015, financed by the European Commission’s Horizon 2020 research and innovation fund. In the first year of implementation, four steering comities were organized in Freising, Germany; Joensuu, Finland; Novi Sad, Serbia; and Graz, Austria. Activities consisted […]
Building energy efficient residential sector with EBRD
The European Bank for Reconstruction and Development is fostering energy efficiency in the residential sector of Kosovo* with an additional EUR 1 million loan to Kreditimi Rural i Kosovës (KRK), one of the strongest rural microfinance lenders in the country. The new funding is being provided under the Kosovo* Sustainable Energy Projects Framework (KoSEP) in […]
Net metering – photovoltaic sector’s only hope
Many member countries of the European Union are increasing their reliance on fossil energy, much of it imported, despite large domestic renewable resources and the fact that the European Union (EU) has pledged to develop renewables totalling 20% of all generation capacity before 2020 and 50% of all capacity before mid-century. As Lee Buchsbaum outlines […]
Study: legislation improves development of renewables
Partial implementation of the national law on renewable energy has been one of the main factors why interest for investments in the energy sector has been focused only on small hydropower plants, according to a study published by the Albanian Centre for Energy Regulation and Conservation – ACERC. The summary report finds the implementation level […]
Cretan interconnection plan scaled back
The Independent Power Transmission Operator (IPTO or Admie SA) cut back on the scale of its interconnection plan intended to link Crete with the grid serving the wider Athens area and, for the time being, will connect the island as far north as the Peloponnese, according to sources of Energy Press portal. The operator is […]
Erste gets EBRD’s line for MSMEs and energy efficiency
The European Bank for Reconstruction and Development said it is providing Erste & Steiermärkische Bank d.d. (Erste Bank Croatia) with funds to increase its support to micro, small and medium-sized enterprises (MSMEs) and to promote energy efficiency investments in the residential sector. A EUR 20 million credit line will be extended to enable the bank […]
GGF sets USD 11 million credit line for Odeabank
Projects of wind and geothermal energy as well as, increasingly, in the photovoltaic sector are in the focus of a new package secured by Green for Growth Fund, Southeast Europe (GGF) for Odeabank. The Istanbul-based financial institution plans to finance mainly renewable energy with the loans worth a total USD 11 million (EUR 10.16 million). […]
AFK boosts energy efficiency with EBRD’s credit line
The European Bank for Reconstruction and Development is supporting energy efficiency by providing a loan increase of up to EUR 1 million to the Agency for Finance in Kosovo* (AFK), a microfinance institution. The fresh funds will be added to the current EUR 500,000 energy efficiency loan, extended under the Kosovo Sustainable Energy Projects Framework […]