EVN, ProCredit Bank offer installation of PV systems for companies
Power distribution company EVN and ProCredit Bank have created an offer for business consumers interested in the installation of photovoltaic systems. Use of renewable energy can lower businesses’ electricity bills, and help in reducing CO2 emissions. Companies will be able to use ProCredit bank’s loans in order to finance the PV systems provided by EVN. […]
CROPEX gets record price for guarantees of origin – EUR 1.52
Croatian power exchange CROPEX has sold the entire amount of 320,232 guarantees of origin (GOs) from wind and biomass plants that are privileged power producers and receive incentives. The auctions saw the highest price for guarantees this year – EUR 1.52, for guarantees from biomass. At the last auctions, in May, CROPEX sold 356,253 guarantees […]
Hundreds of Greek families jointly building solar power plants of 100 MW
Agricultural cooperative Agrinio Union said works are underway on a group of photovoltaic facilities developed by the local energy community it established. Five hundred Greek families are jointly building solar power plants of 100 MW in total and the model has been incorporated in the national legal framework for future investments in the country. A […]
GGF provides EUR 25 million in green finance to DenizBank in Turkey
A senior loan of EUR 25 million to the new partner in Turkey will increase the uptake of renewable energy, energy efficiency and resource efficiency measures, GGF said. The deal with DenizBank is seen resulting in annual primary energy savings of 58.4 GWh and a CO2 emission reduction of 13,000 tons. The Green for Growth […]
Renewables share in WB6 is still only at around 6% of installed electricity generation capacity
Western Balkans contracting parties failed to utilize the decline in the price of renewable energy technologies and increase the use of green energy, but auctions held in Albania, Montenegro, and North Macedonia are sending some encouraging signals, according to the Energy Transition Tracker. The missed opportunity could be illustrated by the fact that the cost […]
EU cuts Just Transition Fund to EUR 10 billion in COVID-19 recovery deal
The European Council reached an agreement on the seven-year budget through 2027 including a mechanism for the recovery from the effects of the coronavirus pandemic worth EUR 750 billion. The EU heads of state and government gave the green light for EUR 10 billion for the Just Transition Fund from the COVID-19 war chest, slashing […]
Tetra Pak factory in Serbia consuming only renewable electricity
Tetra Pak has a goal of reaching net zero greenhouse gas emissions within a decade and its plant in Gornji Milanovac in Serbia has contributed by consuming electricity from 100% renewable sources. Tetra Pak has announced that it obtained renewable electricity certificates that account for 100% of the electricity consumption in its factory in Gornji […]
Global investment in offshore wind power rises fourfold in first half of 2020
The allocation of funds for renewable energy from January to June outperformed data from most economic reports in the world, which can largely be attributed to offshore wind power. The sum of investment decisions in the subsector jumped 319% to USD 35 billion on an annual basis, topping the result from entire last year. The […]