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 […]
OPCOM becomes nominated electricity market operator
Romanian gas and electricity operator said it was designated by the Romanian Energy Regulatory Authority (Anre) as nominated electricity market operator (NEMO) for fulfilling tasks related to the coupling of the day-ahead and intraday markets. The designation of Opcom was performed according to European Union regulation for an initial period of four years. The rules […]
CROPEX initiates member admission, postpones launch
At the meeting of the Board of Commissioners of Croatian Energy Regulatory Agency (HERA), Cropex was designated as a nominated electricity market operator (NEMO) for a period of four years. In accordance with European Commission’s regulation on capacity allocation and congestion management (CACM), each member state electrically connected to a bidding zone in another member […]
Wood pellet factory opened in Vučje
The employer created eleven jobs to service a new factory near Nikšić in three shifts, Mina-Business reported. The wood pellet production facility on the Vučje plateau is the third of its kind in Montenegro. Production capacity is 600 kilograms per hour. Private company Vučje Energy, owned by Ranko Jovović, was inaugurated by Petar Ivanović, minister […]
Energy management project launched in municipalities
Energy managers, who are to be introduced, could help save about EUR 100,000 a year in municipalities and cities, said Miloš Banjac, assistant energy minister responsible for energy efficiency and renewable energy sources, Tanjug agency said. With additional training, 49% of the municipalities could have current employees as energy managers, 31% already does have them, […]
Kouyialis: Climate deal means much more work
Electricity production and renewable energy are areas that need much improvement, but there are also other issues now that a global agreement on climate changed has been reached in Paris, Agriculture and Environment Minister Nicos Kouyialis said to Cyprus News Agency. “This agreement is just the beginning. From now on we must all work collectively […]