Green Action sues ministry for giving green light for HES Kosinj hydropower complex
Croatia’s civil society organization Green Action has filed a lawsuit with the Administrative Court in Rijeka against the positive environmental impact assessment of the Environmental Protection and Energy Ministry for the HES Kosinj hydropower complex. In mid-June, Croatia’s state power utility (HEP) received approval from the Ministry of Environmental Protection and Energy for the construction […]
Turkey sets October 23 as bidding deadline for world’s largest offshore wind farm
The deadline to bid for Turkey’s first and the world’s largest offshore wind farm has been set at October 23. The 1.2 GW offshore wind farm will need to be built using equipment sourced at least 60% in Turkey, while no less than 80% of engineers to be employed on the project are to be […]
GEN-I secures EUR 20 million via bond issued on Ljubljana Stock Exchange
Electricity and gas trading group GEN-I has announced that it has successfully completed the simultaneous issue of a bond and a commercial paper. The issue of the bond has secured the company EUR 20 million, Nova Ljubljanska Banka (NLB) said on its website. GEN-I issued a 45-month bond with an annual interest rate of 2.4% […]
GGF Impact Stories: Greening Serbia’s energy mix
The Green for Growth Fund (GGF), which was initiated as a public-private partnership in December 2009 by German development bank KfW and the European Investment Bank (EIB), surpassed major milestones in 2017, increasing the total financing it has provided to final borrowers to over EUR 600 million across more than 25,000 individual projects. The GGF […]
China Energy gains renewable foothold in Greece, eyes Balkan expansion
China Energy Investment Corporation, one of the world’s largest power companies, has signed a cooperation agreement with Greece’s Copelouzos Group for renewable energy and conventional electricity. Under the agreement, China Energy will enter into the equity of a significant pipeline of wind farms built by Copelouzos Group, one of the biggest investment groups in Greece […]
Parliamentary Assembly of BiH adopts recommendations for energy sector reform
The House of Representatives of the Parliamentary Assembly of Bosnia and Herzegovina has adopted recommendations for the energy sector reform, proposed by MPs Momčilo Novaković, Hanka Vajzović, Saša Magazinović, Predrag Kožul, Mirsad Isaković, Lazar Prodanović and Jasmin Emrić. Once entity governments consent, the Ministry of Foreign Trade and Economic Relations of BiH is to propose an […]
Montenegro gets EUR 6 million World Bank loan for energy efficiency
Montenegro plans to invest EUR 6 million in the implementation of energy efficiency measures at 18 health care facilities by 2023, as part of the Montenegro Energy Efficiency Project 2 (MEEP 2). The funds have been secured through a World Bank loan. The loan agreement was signed by Montenegrin Finance Minister Darko Radunović and the […]
Green for Growth Fund lends EUR 5 million more to Partner MCF to back energy efficiency measures
The Green for Growth Fund (GGF) has secured a fresh, EUR 5 million loan to Bosnia and Herzegovina’s third-largest microcredit institution, Partner Microcredit Foundation (Partner MCF), its longstanding partner, to finance energy efficiency measures. The energy efficiency measures to be financed with the senior loan investment are projected to result in annual primary energy savings […]