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 […]
Belgrade to “do its part” to enable launch of works under Vinča landfill project by next spring
The City of Belgrade will “do its part” within legal deadlines to enable launching construction by the spring of 2019 under a EUR 333 million public-private partnership (PPP) project to remediate the Vinča landfill – Serbia’s biggest environmental problem – and build modern waste management facilities, City Manager Goran Vesić said. Vesić was speaking while […]
Funds raised for Croatia’s first renewable energy crowdfunding project
A 30 kW solar power plant will be built in early autumn on the roof of the Development Center and Technology Park owned by the Croatian City of Križevci, under the country’s first such crowdfunding project financed through micro loans. The commissioning of the plant in an estimated investment of HRK 230,000 (EUR 27,000) is […]
Bulgaria to set up 10 hydrogen fueling stations by 2025
Ten hydrogen vehicle fueling stations will be installed in Bulgaria by 2025, Deputy Minister of Transport, Information Technology and Communications Anguel Popov has announced. The construction of the stations is envisaged under the national program for alternative fuel markets. Popov also said that the possible locations for the hydrogen fueling stations are being examined and […]
Solar PV, thermal panel plant opens in Skopje
PiKCELL Group, in partnership with Solar Power, has unveiled a plant to produce solar photovoltaic (PV) and thermal panels in Skopje, the Macedonian media reported. This is the first such plant in Macedonia and the region, according to the reports. The investment is expected to reach EUR 5 million by the end of the year. […]