People and businesses in SEE became aware of climate crisis, benefits of green energy
Green finance helps firms and households protect the environment and cut energy costs, says the GGF's head for Southeast Europe Mejra Juzbašić Bajgorić.
National Bank of Greece raises EUR 500 million via green energy bonds
NBG sold green energy bonds worth EUR 500 million with the obligation to invest the funds in hydropower, wind parks and photovoltaic projects in Greece. The European Bank for Reconstruction and Development revealed it invested EUR 50 million in a six-year senior preferred green debt issuance by the National Bank of Greece (NBG). The Greek […]
Solar power is becoming more affordable for firms, households in Serbia
Solar power systems are getting cheaper every year. During the industry’s boom in Europe and the world, investment in the sector in Serbia has been weak. ProCredit Bank’s expert Danko Kalkan points to great growth potential. Prices of solar power equipment have been halved in the past several years so such systems are more profitable […]
GGF provides EUR 25 million in green finance to DenizBank in Turkey
A senior loan of EUR 25 million to the new partner in Turkey will increase the uptake of renewable energy, energy efficiency and resource efficiency measures, GGF said. The deal with DenizBank is seen resulting in annual primary energy savings of 58.4 GWh and a CO2 emission reduction of 13,000 tons. The Green for Growth […]
GGF, Yapı Kredi Leasing support renewables in Turkey with loan package of EUR 20 million
The Green for Growth Fund – GGF invested in Turkey’s Yapı Kredi Leasing for the fourth time. The senior loan of EUR 20 million is primarily intended for rooftop solar installations at industrial facilities. The Green for Growth Fund (GGF) said it provided a senior loan of EUR 20 million to Yapı Kredi Leasing, based […]
GGF celebrates 10 years of green impact with renewables portfolio of over 1 GW
The Green for Growth Fund has so far supported the development of over 1 GW in renewable energy capacity. Southeastern Europe accounts for two thirds of the portfolio that GGF built until its tenth anniversary at the end of 2019, matched by the share of primary energy savings. The Green for Growth Fund said it […]
GGF celebrates ten-year anniversary, EUR 1 billion in climate finance
The Green for Growth Fund said it has marked ten years since establishment. The ceremony in Frankfurt was hosted by its advisor Finance in Motion, GGF added. It also pointed out its green finance portfolio reached EUR 1 billion. The number of clients in Southeast Europe, the Caucasus, the Middle East, and North Africa surpassed […]
Serbia shelves plan to introduce ecotax for households
The Government of Serbia has tweaked an executive order about the determination of activities impacting the environment just days after issuing it. It changed several details, but the most important decision was that it scrapped the provisions for an ecotax to be rolled out effectively on households. With the amendments to the decree, the cabinet […]