GGF wins UN’s Principles for Responsible Investment award
This year’s winner of the UN-initiated Principles for Responsible Investment (PRI) award in the “Real-world impact initiative of the year” is Green for Growth Fund (GGF), one of the first specialized vehicles to invest in renewables and energy efficiency. The Principles for Responsible Investment was founded in 2006 by the UN Secretary-General Kofi Annan. Since […]
National Bank of Greece raises EUR 500 million via green energy bonds
NBG sold green energy bonds worth EUR 500 million with the obligation to invest the funds in hydropower, wind parks and photovoltaic projects in Greece. The European Bank for Reconstruction and Development revealed it invested EUR 50 million in a six-year senior preferred green debt issuance by the National Bank of Greece (NBG). The Greek […]
China completes world’s second-largest solar power plant
Huanghe Hydropower Development connected its photovoltaic park of 2.2 GW to the grid. The second-biggest solar power plant in the world is located in Qinghai, China, and includes an energy storage system of 202.9 MW supplied by domestic company Sungrow. It is part of a giant renewables project, which is planned to reach 16 GW. […]
Elektroprivreda Republike Srpske granted consession for its first solar power plant
State-owned power utility Elektroprivreda Republike Srpske (ERS) is getting a concession for the installation of its first solar power plant Trebinje 1, with an installed capacity of 73 MW. The photovoltaic (PV) plant will be located on the territory of the city of Trebinje. The PV plant is part of ERS’s ten-year plan to build […]
IRENA: Renewables can meet 34% of demand in Central, Southeastern Europe
If countries in Central and Southeastern Europe shift to a higher gear in the expansion of renewable energy, they will avoid as much as EUR 35 billion in damage to health and the environment per year by 2030, IRENA claims in a study, adding green energy has the potential to fulfill 34% of demand. The […]
Slovenia’s HSE wins concession for three hydropower plants on Sava river
HSE is about to sign a water use concession as part of the project to build a string of hydropower plants on the middle part of the Sava river in Slovenia, from Ljubljana to Suhadol. The government vowed to develop spatial plans for three systems, but exact locations and the total number of facilities still […]
No hydropower plants to be built on Vjosa river
The hydropower plants planned on the Vjosa river’s lower and upper course won’t be built, for now. It could be said that the continuous appeals and protests from the citizens, organizations of civil society all over the world, famous actors, lead to the move. After Albanian President Ilir Meta said he prioritizes the Vjosa National […]
EPS gets approval in Serbia for Gornja Drina hydropower project in BiH
Elektroprivreda Srbije (EPS) managed to surpass another obstacle in its plan to construct a hydropower cascade on the upper course of the Drina river in BiH together with domestic utility ERS. The company obtained clearance from Serbia’s competition watchdog amid an environmentalists’ outcry regarding possible damage to nature and habitats. The Commission for Protection of […]