EPCG is negotiating with EBRD loan for Gvozd wind farm
Power utility Elektroprivreda Crne Gore (EPCG) is negotiating a loan with the European Bank for Reconstruction and Development (EBRD) to finance the construction of the Gvozd wind farm. At the beginning of September last year, shareholders of EPCG approved the investment in the construction of the 54.6 MW Gvozd wind farm with Austria’s Ivicom Holding. […]
Most EU states not on track to reduce air pollution by 2030 – Commission’s report
Most member states are at risk of not complying with their 2020 or 2030 emission reduction commitments, according to the European Commission’s first report on the implementation of the National Emission Reduction Commitments Directive (NEC Directive). Alongside the implementation report, the European Union’s executive arm has also released its consultants’ analysis of each member state’s […]
State-owned firms bid jointly for ČEZ assets in Romania
Hidroelectrica, Electrica and SAPE may face E.ON and Allianz, India Power Corp. and MVM in the race for the Czech company’s seven businesses. ČEZ, looking for a buyer for its assets in Romania, values them at EUR 1.07 billion against the book value of EUR 15 billion A consortium established by Hidroelectrica, Electrica and SAPE […]
Amazon earmarks USD 2 billion in venture capital for Climate Pledge Fund
Jeff Bezos’s online retail empire is accelerating its efforts toward carbon neutrality. Amazon decided to invest USD 2 billion in visionary projects in the first phase of its Climate Pledge Fund. Amazon has released its annual report on sustainability and said it is setting aside USD 2 billion for the initial investment in its Climate […]
Bulgaria’s 300,000 firms to leave regulated power market amid liberalization
As of October 1, about 300,000 companies in Bulgaria will have an obligation to choose an electricity supplier. It is another step in the country’s electricity market liberalization and arguably the biggest one so far. Bulgaria is one of the few European Union member states which have not fully liberalized their electricity markets. In September, […]
Electrica acquires Stănești solar park, enters power generation market
Romanian power supply company Electrica Group has acquired 7.5 MW Stănești Photovoltaic (PV) Farm in a move that marks its entry in the power generation sector, namely renewables. According to the local media, the company is also negotiating the acquisition of several other facilities including the 45 MW Dorobanţu wind farm and PV farms controlled […]
O2 Challenge 2 in North Macedonia delays deadline to July 3
A government program is supporting micro, small and medium-sized firms in North Macedonia in projects for climate change mitigation and the reduction in emissions of greenhouse gases. The timeframe for applications in O2 Challenge 2 has been pushed back to July 3 and organizers scheduled an info session to be held on June 29. The […]
Major flaws in EPS environmental study for TENT A thermal power plant overhaul
Environmentalist organizations and activists claim Elektroprivreda Srbije, EPS, won’t be able to obtain the necessary integrated license for its biggest thermal power plant TENT A by the end of the year at the current pace. At a public discussion on the environmental impact assessment study for most of the facility, the author acknowledged the aim […]
