Croatia plans to provide EUR 30 million for individuals to install rooftop PV systems
Croatia’s Environmental Protection and Energy Efficiency Fund (EPEEF) should invite applications by the end of the year for two rounds of funding to back the installation of rooftop photovoltaic power stations, EPEEF Deputy Director Alenka Košiša Čičin-Šain said. “Two public invitations should be launched by the end of the year for installing rooftop photovoltaic power […]
CoolHeating in Šabac – biomass use for district heating
The University of Belgrade School of Electrical Engineering (ETF), together with partners on the CoolHeating project, has completed pre-feasibility studies for two investment projects concerning small modular renewable district heating systems in the City of Šabac: the Summer House – biomass use in suburban areas and the New District Heating Plant – biomass use in […]
Albania gets fresh EUR 12 million loan for strategic Dam Safety Project
Albania has drawn an additional EUR 12 million in lending for its Dam Safety Project to safeguard hydroelectric dams and extend the operating life of hydropower plants on two rivers, including the Drin Cascade, which accounts for the bulk of the country’s electricity generation. The three hydropower plants (HPPs) in the Drin Cascade – Fierza, […]
EPBiH not to pay dividends for 2017 as drought drives down profit
Shareholders of power utility Elektroprivreda BiH (EPBiH), majority owned by the Federation of Bosnia and Herzegovina (FBiH), do not stand to get dividends for 2017, when the company saw its net profit plunge to BAM 620,282 (approximately EUR 317,000), from BAM 12.9 million (around EUR 6.6 million) a year earlier. Under a decision to be […]
GGF supports two large-scale wind farms in Serbia
The Green for Growth Fund (GGF), advised by Finance in Motion GmbH, will support two of the first large-scale wind farms in the country – the 158 MW Čibuk 1 wind farm and the 42 MW Alibunar wind farm with a total of EUR 31.85 million, GGF said in a statement. The GGF secured EUR […]
OEDAS inks finance deals worth USD 330 million to upgrade distribution network
Turkey’s electricity distribution company Osmangazi Elektrik Dagitim (OEDAS), a subsidiary of Zorlu Energy Group, has signed project finance agreements with three international finance institutions (IFI) for Turkish lira-denominated lending worth USD 330 million to finance electricity distribution investments. The lending from the European Bank for Reconstruction and Development (EBRD), IFC, a member of the World […]
FBiH allocates EUR 8.4 million in renewables, cogeneration subsidies in 2018
The government of the Federation of Bosnia and Herzegovina (FBiH) has adopted a decision allocating a total of some EUR 8.4 million (BAM 16.4 million) in subsidies for electricity production from renewable energy sources and cogeneration in 2018. The subsidies for electricity production from renewables and cogeneration stand at BAM 0.002128 per kWh, not including […]
Introduction of market-based incentives for renewables not in Serbia’s interest
Author: Slobodan Ružić, CEO of Energy Saving Group The need to incentivize investments in renewable energy sources is not merely something powerful political and business circles lobby for in order to profit off of people. Or at least it’s not just that! Renewable energy has an immense overall social significance combined with clear economic reasons. The […]