EBRD webinar: Green and resilient go hand in hand in district energy
In most countries where EBRD is active, the pandemic struck when the winter was ending, so the consequences could have been much worse. Experts say green and resilient in district energy are not conflicting options and that focusing on efficiency alone instead of lifting the share of renewables brings the risk of running out of […]
Preparatory works on Buk Bijela hydropower plant to start in September
The Republic of Srpska is waiting for the approval of BiH’s competition authorities to be able to start preparatory works for the Buk Bijela hydropower plant. It is developing the project together with Serbia and the establishment of a joint firm has already been agreed. Elektroprivreda Republike Srpske (ERS), state-owned electricity producer in Bosnia and […]
EPCG is negotiating with EBRD loan for Gvozd wind farm
Power utility Elektroprivreda Crne Gore (EPCG) is negotiating a loan with the European Bank for Reconstruction and Development (EBRD) to finance the construction of the Gvozd wind farm. At the beginning of September last year, shareholders of EPCG approved the investment in the construction of the 54.6 MW Gvozd wind farm with Austria’s Ivicom Holding. […]
State-owned firms bid jointly for ČEZ assets in Romania
Hidroelectrica, Electrica and SAPE may face E.ON and Allianz, India Power Corp. and MVM in the race for the Czech company’s seven businesses. ČEZ, looking for a buyer for its assets in Romania, values them at EUR 1.07 billion against the book value of EUR 15 billion A consortium established by Hidroelectrica, Electrica and SAPE […]
Amazon earmarks USD 2 billion in venture capital for Climate Pledge Fund
Jeff Bezos’s online retail empire is accelerating its efforts toward carbon neutrality. Amazon decided to invest USD 2 billion in visionary projects in the first phase of its Climate Pledge Fund. Amazon has released its annual report on sustainability and said it is setting aside USD 2 billion for the initial investment in its Climate […]
Electrica acquires Stănești solar park, enters power generation market
Romanian power supply company Electrica Group has acquired 7.5 MW Stănești Photovoltaic (PV) Farm in a move that marks its entry in the power generation sector, namely renewables. According to the local media, the company is also negotiating the acquisition of several other facilities including the 45 MW Dorobanţu wind farm and PV farms controlled […]
HEP starts building Croatia’s biggest solar power plant
State power utility Hrvatska elektroprivreda (HEP) has launched works on Croatia’s biggest solar power plant, with an installed capacity of 6.5 MW. The plant, located on the island of Cres, will cost about EUR 5.43 million to build. The ground-breaking ceremony for the biggest solar power plant in Croatia was attended by Minister of Maritime […]
INA asks for bioethanol project to be granted strategic investment status
The Croatian oil and gas company INA filed a request for a second-generation bioethanol project to be granted the status of the country’s strategic investment. The estimated value of the investment is EUR 250 million. A part of the funds could be secured by the Innovation Fund of the European Union. The support of the […]