IEA: Solar PV is to become “king” of power supply in decade ahead
Solar PV appears set for massive expansion, with a projected average growth rate at 13% a year from 2020 to 2030, meeting almost a third of electricity demand growth over the coming decade and becoming the new “king” of power markets, according to the International Energy Agency’s (IEA) World Energy Outlook (WEO) 2020 report. “I […]
What lies ahead for Serbia in energy transition and how Europe’s experience amid COVID pandemic can help?
The coronavirus pandemic has accelerated the energy transition in the EU, and demonstrated that power grids across Europe can take in large amounts of renewable energy without any problems. This is an important lesson for Serbia’s energy transition, which is still in its infancy, according to speakers at a roundtable titled Energy Transition and COVID-19, […]
MET Group buys 42 MW wind farm in Bulgaria from Enel
Switzerland-based energy company MET Group has signed an agreement to buy a 100% stake in a 42 MW wind farm in Bulgaria from Italian Enel Green Power, the renewable energy arm of Enel Group, and expects to close the transaction by the end of 2020. The acquisition of Bulgaria’s 5th largest wind farm is part […]
Climate tech investment poised for boom in decade ahead, PwC report implies
Startups in climate tech, a broad set of sectors tackling the decarbonization of the global economy with the aim of reaching net zero emissions before 2050, attracted some USD 60 billion in venture capital investments in the 2013-2019 period, growing by as much as 3750% over the seven year period. This appears to have set the […]
Filip Radović: Serbia investing systemically in reducing air pollution
Last Saturday, AirVisual ranked Belgrade 10th in the world by air pollution, while the following day the Serbian capital was the fifth most polluted city. Filip Radović, director of the Serbian Environmental Protection Agency, has told RTS that air pollution was indeed increased, but he noted that AirVisual is also in the business of selling […]
Platform Initiative launched to support clean energy transition in coal regions in Western Balkans and Ukraine
The Energy Community Secretariat has announced the launch of a Platform Initiative to support the clean energy transition in coal regions in the Western Balkans and Ukraine through knowledge exchange, technical assistance, and financial assistance. The Platform Initiative will be led by the World Bank and implemented under the political leadership from the European Commission, […]
Croatian manufacturers to get EUR 35 million for energy efficiency, renewables projects
The Croatian Ministry of Economy and Sustainable Development will issue a second public call for grants to co-finance energy efficiency and renewables projects in manufacturing industries. The call will be issued on October 15, and the total budget is slightly over EUR 35 million. The funding for energy efficiency and renewables projects in the manufacturing […]
EPBiH to fund Vlašić wind farm by loans from EIB, KfW
State owned power utility Elektroprivreda Bosne i Hercegovine (EPBIH) will secure EUR 72 million for the Vlašić wind farm through loans from the European Investment Bank and the KfW bank. In February, EPBiH was granted a concession for Vlašić, obtaining the right to build, equip, use, and maintain the 48 MW wind power plant. The […]