Germany to back climate action in Serbia with EUR 309 million package
With technical and expert assistance from Germany, Serbia will continue to work on strategic documents related to decarbonization, CO2 emissions, and renewable energy.
CWP, Mercuria join forces to build 2 GW of renewables in Southeast Europe
CWP and Mercuria Energy Trading have set up a joint venture to complete and build out CWP 's renewables portfolio in Bulgaria, Serbia, Romania, and Ukraine.
RWE Renewables inks 2 GW solar deal with Greece’s PPC Renewables
RWE and PPC agreed their renewables subsidiaries would build large-scale solar projects with a total capacity of up to 2 GW in Greece
Adopted Green Agenda Action Plan for Western Balkans brings EUR 9 billion in grants, 2024 deadline to align with EU ETS
The EU prepared a EUR 30 billion investment package and the Western Balkans must implement climate action reforms from Green Agenda Action Plan
Energy transition is inevitable, but opposition is very strong
Implementation of the energy transition in Serbia and the region is inevitable, and it is also the stance of those who do not believe in climate change and are against the closure of coal-fired power plants.
Romania allocates EUR 3.9 billion from EU recovery funds to zero carbon railway
The European Commission accepted Romania's EUR 29.2 billion National Recovery and Resilience Plan, of which 41% goes to green and climate investments
PPC’s capital offering to lower Greece’s ownership to minority stake
Greek state-controlled power utility PPC intends to increase its share capital by at least EUR 750 million, but the government won't participate
EBRD expands GEFF program for household energy efficiency in Western Balkans
The Green Economy Financing Facility (GEFF) enabled 9,000 households in the region to invest EUR 45 million in energy savings. The program is growing.