Four systemic Greek banks join EUR 650 million sustainable infrastructure program – EIB
The European Investment Bank (EIB) has confirmed in a press release involvement of four systemic Greek banks in a new EUR 650 million green infrastructure investment program. Confirmation of the involvement of the four systemic Greek banks – Alpha Bank, Eurobank, National Bank of Greece, and Piraeus Bank – will enable EUR 650 million for […]
Contracts signed to finance switching two Serbian heating plants to biomass
Heating plants in six municipalities in Serbia will receive EUR 26.7 million to switch from fossil fuels – coal and heating oil – to biomass, the Ministry of Mining and Energy said on its website. The first two municipalities to get new heating plants will be Priboj and Mali Zvornik, by the of 2022. The […]
GGF secures EUR 25 million from OeEB to continue green finance
The Development Bank of Austria (Oesterreichische Entwicklungsbank AG – OeEB) has increased its investment with the Green for Growth Fund (GGF) by providing an additional EUR 25 million in senior shares, according to a press release from the GGF. OeEB’s commitment will help the GGF continue to develop renewable energy projects and improve energy and […]
Electric scooter sharing app Flow to be available in Belgrade in 2020
Romanian electric scooter sharing app Flow will be offered in Belgrade, Serbia in 2020, according to Bogdan Enoiu, managing director of marketing communications agency McCann Erickson Romania and manager of the Flow business, the Romanian media reports. Flow also plans expansion to Croatia and Israel, Enoiu told Profit.ro. The Flow app, whose main competition in Bucharest, Romania […]
RSV Energy to install 47 MW solar power plant in BiH
Bosanski Petrovac-based RSV Energy plans to invest around BAM 70 million (about EUR 35.8 million) in a 47 MW solar power plant that will cover 80 hectares near the town in Bosnia and Herzegovina. The Minister of Economy in the Government of the Una-Sana Canton, Nijaz Kadirić, has announced on his Facebook page that he […]
Tikkurila launches new paint collection to protect endangered species
Finnish paint manufacturer Tikkurila is launching the Endangered Colors collection, which consists of nine different colors, each representing an endangered animal species – such as giant panda, Siberian tiger, and snowy owl, according to a press release from the company. Tikkurila donates one euro per sold Endangered Color package to the protection of endangered animals, […]
Iberdrola contracts Vestas for wind turbine maker’s latest project in Greece
Denmark-based Vestas Wind Systems A/S has won a 16 MW auction-derived order from Spain’s Iberdrola for the Pyrgari wind farm, the latest in a series of orders for the wind turbine maker to secure in Greece. Vestas said the contract with Iberdrola, the world’s number-one producer of wind power, for the Viotía, Greece site includes […]
EBRD approves EUR 72.25 million loan for Belgrade’s Vinča landfill project
The European Bank for Reconstruction and Development (EBRD) has approved a EUR 72.25 million loan for the Belgrade’s Vinča landfill project, while arranging a syndicated loan of EUR 35 million for the account of participants. The Bank will also mobilize EUR 21 million in concessional finance funded by TaiwanICDF. The EBRD financing will be part […]