Moglicë hydropower plant in Albania starts delivering electricity
Statkraft’s Moglicë hydropower plant in Albania has started commercial operations, delivering its renewable power to the Albanian grid. Moglicë is the larger of the two hydropower plants in the Devoll hydropower project and will generate approximately 450 GWh per year, the Norwegian power producer said on its website. The installed capacity of the hydropower plant […]
SO2 emissions in Western Balkans coal plants six times above limit in 2019
There was no improvement last year on air pollution from lignite-fired industrial facilities reported to the European Environment Agency by Bosnia and Herzegovina, Kosovo*, Montenegro, Serbia and North Macedonia, Bankwatch said. A comparison with the national emissions reduction plans reveals coal plant sulphur dioxide emissions were increased and that they were six time higher than […]
Environmental, energy projects worth EUR 960 million to restart Slovenia’s economy
The Government of Slovenia has adopted a list of 187 investments to restart the Slovenian economy after the COVID-19 epidemic including 22 projects in the environmental sector, worth EUR 310 million, and 19 in the energy sector, worth EUR 650 million. Total value of the investments is estimated at EUR 7.7 billion, local media reported. […]
40 artists back Blue Heart campaign to protect Balkan Rivers on occasion of World Music Day
Forty well-known artists from around the Balkan region are seeking to shake people up and help avert the looming destruction of nature in their home countries. On the occasion of World Music Day, which is celebrated annually on June 21, the artists take a stand in short video testimonies. Among them are Darko Rundek from […]
Goldman Sachs sees renewables investment beating oil & gas for first time ever in 2021
Renewable energy investment in 2021 is expected to surpass oil and gas for the first time in history, according to a report recently published by the US-based investment bank and financial services company Goldman Sachs. Next year, renewable energy will become the largest area of spending in the energy industry, accounting for about 25% of […]
Rethinking financial sustainability for biodiversity
Biodiversity can be in the center of sustainable development, yet it requires systematic solutions and diverse mechanisms that enable retainment and reinvestment of funds into conservation. This new sourcebook deals with a range of additional financial instruments that may support planning and thinking about financing biodiversity, ecosystems and protected areas as investments in sustainable development. […]
Croatia reduces green power surcharge for energy-intensive companies
Energy-intensive companies in Croatia could save up to EUR 10 million a year through the government’s scheme to reduce the surcharge they pay for incentivizing renewable energy production. The European Commission has approved, under EU State aid rules, a Croatian scheme that grants reductions to energy-intensive companies on a surcharge to finance support for renewable […]
Serbian Innovation Fund backs 35 projects, issues call for another EUR 6 million
The Innovation Fund has said it granted EUR 5 million in total as it completed a public call through its Collaborative Grant Scheme Program and the Mini Grants Program. Serbia’s government institution immediately published an open invitation for EUR 6 million more. Among the 234 applicants in Serbia, 22 new firms and startup teams and […]