Akfen to build 4 new wind farms, 9 PV plants with EBRD’s backing of up to USD 102 million
The European Bank for Reconstruction and Development (EBRD) is providing a financing package of up to USD 102 million to the renewable energy arm of the Turkish conglomerate Akfen Holding. The funds will be invested in building four new wind farms and nine solar photovoltaic (PV) plants with a combined capacity of 327 MW, the […]
Croatia offers farmers EUR 20.2 million in renewables grants
Croatia’s Paying Agency for Agriculture, Fisheries and Rural Development (APPRRR) has invited applications for renewables grants to co-finance agricultural producers’ investments aimed at improving energy efficiency, according to an invitation available on the agency’s website. The renewables grants can be used to develop facilities for the production of electricity and/or heat energy from renewable energy […]
Belgium’s Elicio brings 42 MW Alibunar wind farm on stream
Belgium’s Elicio has completed the construction of the 42 MW Alibunar wind farm with 21 turbines, which will supply electricity to 38,000 households. The launch ceremony was attended by Serbian Minister of Mining and Energy Aleksandar Antić. The Alibunar wind farm, whose construction has soaked an investment of EUR 80 million, will result in the […]
Čibuk 1, Serbia’s largest wind farm, set to start production “earlier than initially planned”
Čibuk 1 has reached a number of key milestones and is on schedule to start production in early 2019, according to a press release from the United Arab Emirates’ (UAE) Masdar, the majority stakeholder in Tesla Wind, which owns Vetroelektrane Balkana, the project company behind Čibuk 1, set to become Serbia’s largest wind farm. GE […]
EBRD providing up to EUR 5.1 million to UniCredit in Serbia to on-lend for energy efficiency, renewables projects
The EBRD is providing a loan of up to RSD 600 million (equivalent to EUR 5.1 million) to UniCredit, the second-largest bank in Serbia, to enhance its financing of the green economy, according to a news release from the EBRD. The loan comes under the EBRD’s EUR 85 million Green Economy Financing Facility for the […]
EIB issues first Sustainability Awareness Bond as Bankwatch urges it to shift away from fossil fuels
Just as the European Investment Bank (EIB), heavily present in South-East Europe (SEE), issued its first, EUR 500 million Sustainability Awareness Bond, CEE Bankwatch Network, one of the largest networks of environmental civil society organizations (CSO) in Central and Eastern Europe, unveiled a report calling on the lender to shift away from financing fossil fuels […]
Industry association expects major deployment surge as EU removes trade duties on solar panels from China
Now that the EU’s trade measures on solar panels from China have expired, Brussels-based industry association SolarPower Europe expects a major solar deployment surge across the bloc, based on a 2017 study from the European Commission’s Directorate-General for Justice and Consumers (DG JUST). Following the European Commission’s decision not to extend the anti-dumping and anti-subsidy […]
Works start to build 2nd biomass boiler in Priboj
The municipality of Priboj has started building a boiler to use wood chips as fuel, in what will improve heating supply for five public facilities and cut their heating costs. The new 1.8 MW biomass boiler will supply heating to two elementary schools and two high schools, as well as primary health care facility, with […]