Greece asks EU to approve state aid for 680 MW pumped storage project
GEK Terna is building two pumped storage hydropower plants and artificial lakes in Amfilochia in western Greece that will use an existing lower reservoir. The government filed its support scheme with the European Union’s competition authorities for clearance. The Ministry of the Environment and Energy of Greece has submitted a request to the European Commission […]
Slovenia helping to bring households out of energy poverty with EU grants
Owners and co-owners of dwellings in Slovenia can apply for grants of up to EUR 9,620 for home makeovers including the installations of solar water heaters and heat pumps, state-backed Eco Fund said as it launched a pilot project against energy poverty. Eco Fund – Eko sklad has issued a public call for donations it […]
GGF, Yapı Kredi Leasing support renewables in Turkey with loan package of EUR 20 million
The Green for Growth Fund – GGF invested in Turkey’s Yapı Kredi Leasing for the fourth time. The senior loan of EUR 20 million is primarily intended for rooftop solar installations at industrial facilities. The Green for Growth Fund (GGF) said it provided a senior loan of EUR 20 million to Yapı Kredi Leasing, based […]
Hungary’s MVM plans acquisitions, deals to boost regional presence ahead of IPO
Hungary’s state-owned electricity producer MVM plans to build a regional presence through a series of acquisitions and deals before its potential initial public offering (IPO), Bloomberg has reported, citing an interview by MVM CEO György Kóbor. Deals in Hungary have included the purchase of units from Germany’s E.ON and an unprofitable coal plant, which MVM […]
EU launches first call for proposals under Innovation Fund for clean technologies
The European Commission has launched the first call for proposals under the EUR 10 billion Innovation Fund, which will finance breakthrough technologies for renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage. The fund is expected to help boost the EU economy’s green recovery following the COVID-19 crisis. The first call will […]
Parliament of Republic of Srpska rejects motion to ban small hydropower plants
The Center for Environment demanded from Minister of Energy and Mining Petar Đokić to resign after his party didn’t back a moratorium on the construction of small hydropower plants in the National Assembly of the Republic of Srpska. Only 40 representatives supported the proposition, and 42 votes were needed to pass it. Parliamentarians in Banja […]
RWE boosts renewables portfolio to 9 GW after asset swap with E.ON
The major asset swap between RWE and E.ON is finally completed, as RWE took over innogy’s operations and becomes one of the world’s largest producers of renewable energy. The German company now has a renewables portfolio of 9 GW while 2.6 GW is under construction. According to most estimates, RWE is now the second-largest offshore […]
EBRD, UniCredit Leasing support Serbian SMEs transition to green economy
The European Bank for Reconstruction and Development (EBRD), the Green Climate Fund (GCF) and the Government of Luxembourg are supporting small and medium-sized enterprises (SMEs) in Serbia. Financing of EUR 20 million is available through UniCredit Leasing Serbia for investments in climate and green economy projects. GEFF Serbia Leasing is the EBRD’s financing facility of […]