Electricity Authority of Cyprus to modernize street lighting for Larnaca
The Larnaca municipality and the Electricity Authority of Cyprus (EAC) have signed a contract for the supply and installation of LED street lighting, in what is expected to create energy savings of 67% for the third-largest city in Cyprus, CyprusMail reported. Under the contract, the Electricity Authority of Cyprus will upgrade lighting in the municipality […]
CEZ Romania swings to net loss in 2018 on decreased wind power generation
Czech energy company CEZ Group in Romania posted a net loss of RON 50.3 million (about EUR 10.6 million) in 2018, compared to a net profit of RON 421.2 million (around EUR 89 million) in 2017, as its largest energy facility, the Fantanele-Cogealac wind farm, produced a total of 1,105 GWh of electricity, 218 GWh […]
Terna Energy secures refinancing for largest Greek wind farm
Alpha Bank, Eurobank Ergasias and National Bank of Greece have provided EUR 117 million in non-recourse refinancing for the 73.2 MW Aghios Georgios wind farm operated by a subsidiary of Terna Energy, global law firm Norton Rose Fulbright has said in a press release. The wind farm owned by Terna Energy is located on the […]
EPBiH installs 6 e-chargers, buys 6 electric vehicles
Public power utility Elektroprivreda Bosne i Hercegovine (EPBiH) has installed six EV chargers and purchased 6 electric vehicles (EVs). The company now has 7 EV chargers and 8 EVs in total. EPBiH has recognized the importance of electromobility development in BiH. Following the first e-charger located outside of its Sarajevo headquarters, the company installed another […]
Serbia’s H-Bridges win world’s leading student competition with cutting-edge e-bike drive
The H-Bridges team of students from the University of Belgrade School of Electrical Engineering (ETF) have won the International Future Energy Challenge (IFEC) 2019, the world’s largest student competition in the area of innovative and technical efficiency solutions. This year’s competition was about electric bike drive solutions. The IFEC final was held from July 29 […]
EIB to ditch fossil fuel projects from 2021
The European Investment Bank intends to stop funding fossil fuel projects from 2021, according to the draft of the EU bank’s new energy lending policy. In the document, titled EIB energy lending policy – Supporting the energy transformation, the bank said that its activities would shift away from fossil fuel projects and focus on four […]
Sweden provides EUR 616,113 for energy management in BiH
Sweden’s government is allocating an additional BAM 1.2 million (about EUR 616,113) grant to the Green Economic Development (GED) project, implemented by UNDP Bosnia and Herzegovina, aiming to improve energy management in public buildings in BiH. Marie Bergstrom, Head of the Development Cooperation at the Embassy of Sweden in BiH, and Sukhrob Khoshmukhamedov, UNDP BiH […]
Green for Growth Fund backs microfinance institution Alter Modus’ energy efficiency lending
The Green for Growth Fund (GGF) has provided a senior loan of EUR 1.5 million to the microfinance institution Alter Modus. This transaction further broadens and diversifies the fund’s geographic and operational scope with financing for Montenegro’s growing energy efficiency market. The GGF’s new investment will support Alter Modus, Montenegro’s leading microfinance institution, in further […]