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 […]
SEE CAO enters second year of operation
Coordinated Auction Office in South East Europe – SEE CAO said it completed auctions for electricity for January, after in late November yearly auctions for 2016 were finished, one year into operation. Complete sequence of borders from Croatia to Turkey is included for the first time in coordinated capacity allocation procedure. The anniversary of coordinated […]
National EITI report published for 2013, 2014
Albania is one of 49 countries complying with the Extractive Industry Transparency Initiative (EITI). The government published the report on the extraction of oil, gas and other minerals, contribution of this industry to the budget and allocation and spending of income. The EITI report for the years 2013 and 2014 provides an overview which includes […]
EBRD acquires stake in Akfen’s renewable energy arm
In its first direct equity investment in Turkey’s power sector, the European Bank for Reconstruction and Development (EBRD) is acquiring a 20% stake in the renewable energy subsidiary of Akfen Holding, one of the leading infrastructure groups in the country. The USD 100 million (EUR 91.5 million) investment will provide a further boost to the […]
Şekerbank arranges credit line for green energy, SMEs
A multi-currency syndicated loan facility of USD 115 million (EUR 105.8 million) was secured by Şekerbank TAŞ. Part of the package will go for green lines in support of energy efficiency and renewable energy projects, SeeNews reports. The line was arranged by the Korea Development Bank (KDB) and Dutch development bank FMO. The proceeds will […]
Thermal power plant to be converted to cogeneration
Bucharest’s thermal energy supplier Radet will convert the heat power plant located in the Casa Presei building, in the north of Bucharest, into a cogeneration plant, Romania Insider reported. The company’s board approved a EUR 8.21 million investment earlier in December, Agerpress said. The inhabitants in the north of the capital will mostly benefit from […]
Renewable energy capacity tops EU targets
Romania’s green energy capabilities have reached the mandatory levels set by the European Commission for 2030, portal Nine o’Clock reported, adding that the new energy minister Victor Grigorescu pushes for yet bigger green energy quotas. Although two years ago it was believed that once the restrictions concerning green certificates trading come into force investments in […]