Turkey invested near USD 2 billion in renewables in 2015
Last year the world saw USD 286 billion in investments in green energy, 3% more than the last record, registered in 2011. Annual report published by the United Nations Environment Programme (UNEP) said Turkey, Morocco and Uruguay all topped USD 1 billion. Nations in the developing and emerging group had USD 156 billion in investment, […]
EBRD financing Albania’s power system overhaul
The European Bank for Reconstruction and Development will conduct a final review of the project for the restructuring of Albanian Power Corporation (KESH sh. a.) and the energy sector of Albania in general with focus on sector management and operational efficiency. The international financing institution’s project summary document said loan proceeds will be used to […]
Purchases of environmentally friendly cars rise 90%
In the first two months of the year 74 hybrid and electric cars were bought, nearly 90% more than in the same period of 2015, according to data from the Automotive Manufacturers and Importers Association (APIA), Agerpres reports. The volume makes 0.6% of all new cars sold in Romania in January and February. Last month […]
Local population drives away investor in hydropower
Energie Zotter Bau GmbH & Co KG-Judenburg from Austria reached an agreement with the Ministry of Economy of Montenegro to terminate the concession contract for the construction of a small hydropower plant in the municipality of Gusinje. The two sides said all rights and obligations would be declared settled, as the investor failed to overcome […]
Bisol picked for 58 MW photovoltaic plant in Belarus
Oil company Belorusneft is making progress with its solar power plant project, as it selected Slovenian producer Bisol Group for installing modules with a capacity of 58 MW. The module maker said it will be responsible for 70% of operations in the EUR 50 million project, heading a group of international companies. The photovoltaic facility […]
GE to upgrade Dinar wind power plant by December
General Electric said it plans to increase its wind power output in Turkey by supplying a new version of smart wind turbines with enhanced generation capacities. With the new project, it will boost its installed wind capacity in the country to over 1 GW, the press release says, according to a report by Anadolu Agency’s […]
KfW approves loan for Hrgud wind farm
Matthias Schmidt-Rosen, director of KfW Development Bank’s office in Sarajevo, visited the Foreign Investment Promotion Agency (FIPA) of Bosnia and Herzegovina and told director Gordan Milinić about projects that the German creditor will financially support in the country, pointing out that the funds of EUR 60 million were provided for wind power plant Hrgud. Wind […]
Slovenia funding home energy efficiency, green power
Borzen, power market operator, said owners and co-owners of Slovenian houses and buildings with several homes can apply for stimulation of energy efficiency and renewable energy sources. Citizens and legal persons are entitled if they plan the project to be finished by September 30. Applications will be received until April 11. Participants will be supported […]