IFC leads Akuo’s loan project to finance 77.5 MW wind farm
French green power producer Akuo Energy said it signed a mandate letter with International Finance Corporation (IFC) to finance the erection of the 77.5 MW Bağlar wind farm near Konya. The mandate letter provides for IFC to lead and arrange a syndicate of other multilateral agencies or commercial banks to provide up to EUR 100 […]
Bulgaria’s Solarpro Holding turns to net loss in 2014
Bulgarian provider of products and services for the solar industry Solarpro Holding said it turned to net loss of BGN 993,000 (EUR 507,700) in 2014 from net profit of BGN 57,000 a year earlier, reported SeeNews portal. The company’s revenues grew to BGN 3.9 million in 2014 from BGN 2.6 million in 2013, it said […]
Bogdan Balaci: Connected lighting, future of the industry
While these days modern lighting is equivalent to using LED equipment, the technology developments achieved in recent years have brought this concept a step forward: to ’connected lighting’, the future in this industry, according to Bogdan Balaci, Commercial Leader of Philips Lighting for SEE, who presented the company’s innovations in this area, during a media […]
Electric power industry’s profit soared last year
CGES (Montenegrin Electrical Transmission System – Crnogorski elektroprenosni sistem) said its last year’s net income was EUR 12.4 million, 4.6 times more than the previous year, while the national power company EPCG’s (Elektroprivreda Crne Gore) profit was raised to EUR 34.77 million, 38% above the result from 2013. Both companies filed reports to Montenegro Stock […]
Vinča landfill operator shall be selected by year’s end
The tender for Belgrade’s Vinča landfill shall be launched by July, said Goran Vesić, the city manager. The project for the facility, which handles around 1,500 tons of waste a day, began as early as in 2007, and it was restarted last year in collaboration with the World Bank, he added, and Tanjug agency reported. […]
EPS sells first megawatts without agent
Elektroprivreda Srbije (EPS), Serbia’s power monopoly, said its Slovenian subsidiary EPS Trgovanje started trading in electricity on Hungarian HUPX market, without a service broker for the first time in 24 years. In the premiere deal, the firm sold 240 MWh at a current price of EUR 43.66 per MWh for the Europeak product, it said. […]
Renewables alter market game
More energy generated at the distribution level, from renewable sources, is requiring a system overhaul in operation and regulation, says Janez Kopač, Director of Energy Community Secretariat. Balkan Green Energy News asked the Director of Energy Community Secretariat about the organization’s stance on the Energy Union, the members’ progress towards common goals, electricity pricing and red […]
Development banks adopt climate mitigation finance tracking
Several national and international development banks adopted common norms for tracking projects for the mitigation of climate change effects. Similar principles for tracking adaptation finance and leverage are being developed. The document was published on the Paris Climate Finance Forum. These institutions have been tracking climate finance for only a few years, and their methods […]
