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 […]
Vienna powers second subway station with brake energy converter
When underground trains arrive at Altes Landgut in a southern district in Vienna, braking energy is recovered for illumination and the electric devices at the station. Friction creates heat and braking releases energy. After a successful pilot in 2018, the public transport operator in the Austrian capital introduced an inverter at another underground station. The […]
Vinex Etil inaugurates 2.2 MW biogas CHP plant near Zrenjanin
The company Vinex Etil has put into operation a combined heat and power (CHP) plant on biogas in the village of Lukićevo near Zrenjanin in Vojvodina. The company invested EUR 4.8 million in a 2.2 MW cogeneration plant. Goran Ilić, owner of Vinex Etil, said the heat would be used to produce bioethanol or medical […]
IPO of Hidroelectrica on hold as Romania bans sale of state assets for two years
The long-awaited stock market listing of the flagship hydropower producer in Romania was postponed yet again. Lawmakers in Bucharest voted to freeze all activity aimed at the privatization of any part of state-owned companies and the measure includes the initial public offering – IPO planned for Hidroelectrica. The opposition, led by Social Democratic Party (PSD), […]
Elektroprenos BiH approves EUR 88.9 million investment plan for 2020
The shareholders’ assembly of electricity transmission company Elektroprenos – Elektroprijenos BiH has approved the EUR 88.9 million investment plan for 2020. The adoption of the plan is the result of an agreement between the prime ministers of the Federation of Bosnia and Herzegovina (FBiH) and the Republic of Srpska (RS) Fadil Novalić and Radovan Višković, […]
Works begin on EUR 13.5 million Kragujevac-Kraljevo transmission line
For the first phase of the construction of the Trans-Balkan Electricity Corridor, worth EUR 157 million, EMS is using KfW’s EUR 15 million loan and another EUR 6.5 million from European funds. The construction of the Kragujevac-Kraljevo overhead power link is the project’s second section out of four. A ceremony was held for the start […]
