GGF enhances support to Yapı Kredi Leasing
A third senior loan was approved for Turkey’s Yapı Kredi Leasing by the Green for Growth Fund, Southeast Europe (GGF). The institution said it set EUR 20 million for the company’s financing programme for renewable energy production and energy efficient machinery. The subsidiary of Yapı Kredi Bankası holds a strong energy efficiency lending portfolio and […]
IFC helping Albania develop day-ahead power market
International Finance Corporation said it has signed a memorandum of understanding with Albania’s Ministry of Energy on establishing a domestic day-ahead electricity market. The member of the World Bank Group will advise the government in order to help enable purchasing electricity from and selling electricity to neighbouring countries. It will increase price transparency, and improve […]
JAC Motors mulls e-car production in Bulgaria
The possibility to build an assembly plant for electric vehicles with locally sourced components is considered by JAC Motors, maker of passenger cars and heavy vehicles. The news was published by Bulgaria’s Ministry of Economy after a meeting with the Chinese company’s officials. JAC sees the Black Sea country as an entry point to European […]
Slovenian capital dedicated the whole of June to energy efficiency
The Dutch city of Nijmegen, chosen to be the 2018 European Green Capital Award, and Ireland’s Galway, which was selected for the 2017 European Green Leaf, were crowned at a ceremony in Ljubljana. The city of ‘s-Hertogenbosch in the Netherlands and Sweden’s Umeå also competed to become the green capital, while Cornellà de Llobregat of […]
Italian company preparing to invest in biomass cogeneration
Twenty underdeveloped municipalities in the Federation of Bosnia and Herzegovina and another 20 in the Republic of Srpska which dispose of wood waste will be included in cogeneration projects, said Foreign Investments Promotion Agency (FIPA) of BiH. Director Gordan Milinić spoke to Zdravko Aćimović, who heads Alfa Invest – partner of Pyrox from Turin for […]
EBRD to launch third TurSEFF line for small projects
A framework operation of EUR 400 million for on-lending to several financial institutions in Turkey is considered by the European Bank for Reconstruction and Development. TurSEFF 3 will be used to finance private and public sector subborrowers investing in small scale renewable energy and resource efficiency projects, according to the announcement. It will be the […]
Sofia boosting energy efficiency in schools, kindergartens
The Capital Municipality invested BGN 20 million (EUR 10.2 million) for the construction and energy efficiency of educational infrastructure, mayor Yordanka Fandakova said at the opening of the National Teachers Council in Arena Armeets Hall in Sofia, as reported by Focus news agency. She pointed out nine kindergartens were under construction and 47 schools and […]
Ono Bikes puts its electric bicycle in spotlight
The young team of Serbian startup Ono Bikes presented its work at the Pioneers festival in Vienna with the help from the Chamber of Industry and Commerce of Serbia. It developed the Archont electric bicycle, which was reported on by the Guardian, Ciclosfera, Velomesto, Fubiz.net and Dutch FHM. The basic version weighs 20 kilogrammes. It […]