Renewables tendering ahead in Macedonia as MEPSO signs transmission network modernization deals
Macedonia will launch tendering by end-2018 for the construction of new PV power stations and wind farms to be backed by premium tariffs, officials announced as state-owned electricity transmission system operator (TSO) MEPSO signed nine agreements worth EUR 18 million to modernize the country’s power transmission network, according to news releases from the Macedonian government […]
Romania’s Bacau to modernize street lighting with EUR 11 million loan
The European Bank for Reconstruction and Development (EBRD) and the Green Energy Special Fund (GESF) are providing a EUR 11 million loan to the Romanian city of Bacau to modernize street lighting, according to a news release from the EBRD. Bacau is a medium-sized city in Romania with a population of almost 200,000. The investment […]
Green Climate Fund supports EBRD’s Green Cities Facility with EUR 87 million
The European Bank for Reconstruction and Development (EBRD) has received a EUR 87 million contribution approved by the Green Climate Fund’s (GCF) Board. The funding will support the EBRD’s Green Cities Facility for climate-focused sustainable urban development in nine countries, including Albania, Macedonia, and Serbia, according to a news release from the EBRD. The Green […]
Fresh source of energy efficiency finance available through cooperation between EBRD, Banca Intesa
Businesses, including energy service companies (ESCO), and municipalities in Serbia have a new source of energy efficiency finance thanks to a EUR 15 million loan from the European Bank for Reconstruction and Development (EBRD) to be on-lent by Banca Intesa, the country’s largest bank, according to news releases from the two financial institutions. Businesses and […]
Sofia to deploy 15 electric buses in 2019 as it secures EUR 7.35 million loan from EBRD, GESF
The European Bank for Reconstruction and Development (EBRD) and the Green Energy Special Fund (GESF) have approved a EUR 7.35 million loan to Sofia Electrical Transport Company (SETC) for the first phase of the modernization of Sofia’s bus fleet through the acquisition of up to 15 low-floor electric buses with fast-charging technology and six charging […]
Akfen secures USD 363 million in lending for USD 530 million renewables project
Akfen Renewable Energy, the renewables arm of Turkey’s Akfen Holding, has secured a total of USD 363 million in lending from six banks for its USD 530 million project to build four new wind farms and nine solar photovoltaic (PV) plants with a combined capacity of 327 MW. Akfen Renewable Energy is providing USD 167 […]
CEDIS issues invitation for prequalification for Smart Metering Completion Project
The Montenegrin distribution system operator (DSO), Crnogorski elektrodistributivni sistem (CEDIS), has published an invitation for prequalification for the procurement of an IT system for Meter Data Management and integration with Advanced Metering Management (AMM) and legacy systems. The state-owned company intends using part of the loan from the European Bank for Reconstruction and Development (EBRD) […]
EUR 230 million to be invested in improvements of Bulgaria’s water supply, wastewater treatment
A total of EUR 230 million is to be invested to improve Bulgaria’s water supply and wastewater treatment from Bulgaria’s, the EU’s, and the European Bank for Reconstruction and Development’s (EBRD) sources. The Fund Manager of Financial Instruments in Bulgaria (FMFIB), or Fund of Funds, has been set up by the Bulgarian state to structure […]