Izmir secures EUR 80 million loan for EUR 250 million investment in low-carbon metro
Izmir, Turkey’s third-largest city with a population of close to 4.2 million, has secured a EUR 80 million loan from the European Bank for Reconstruction and Development (EBRD) for a EUR 250 million project to build its second metro line. Metro development in Izmir represents a major investment in zero-emission transport at the local level. […]
Akfen to build 4 new wind farms, 9 PV plants with EBRD’s backing of up to USD 102 million
The European Bank for Reconstruction and Development (EBRD) is providing a financing package of up to USD 102 million to the renewable energy arm of the Turkish conglomerate Akfen Holding. The funds will be invested in building four new wind farms and nine solar photovoltaic (PV) plants with a combined capacity of 327 MW, the […]
Čibuk 1, Serbia’s largest wind farm, set to start production “earlier than initially planned”
Čibuk 1 has reached a number of key milestones and is on schedule to start production in early 2019, according to a press release from the United Arab Emirates’ (UAE) Masdar, the majority stakeholder in Tesla Wind, which owns Vetroelektrane Balkana, the project company behind Čibuk 1, set to become Serbia’s largest wind farm. GE […]
EBRD providing up to EUR 5.1 million to UniCredit in Serbia to on-lend for energy efficiency, renewables projects
The EBRD is providing a loan of up to RSD 600 million (equivalent to EUR 5.1 million) to UniCredit, the second-largest bank in Serbia, to enhance its financing of the green economy, according to a news release from the EBRD. The loan comes under the EBRD’s EUR 85 million Green Economy Financing Facility for the […]
Climate Diplomacy Week in Belgrade: Apply to showcase your climate action project
Climate Diplomacy Week, a time when EU Delegations around the world reach out to communities and partner organizations, highlighting positive global action and collaboration on climate change, is taking place for the second time in 2018 from September 24 to 30. Balkan Green Energy News is offering to share its designated space at the Climate […]
ELEM plans to build 10 MW solar PV plant
Macedonia’s state-owned electricity producer ELEM plans to build a 10 MW solar photovoltaic (PV) plant adjacent to its Oslomej thermal power plant (TPP). The proposed PV plant project, which has a total estimated cost of EUR 10 million, would be financed by proceeds of a loan from the European Bank for Reconstruction and Development (EBRD) […]
EBRD seeks to put investments that bring environmental benefits at heart of its financing, advisory activities
In her first interview since taking the helm of the EBRD’s regional operations in the Western Balkans, Zsuzsanna Hargitai discusses the international finance institution’s green financing and planned projects in the region. She tells Balkan Green Energy News that the EBRD takes seriously non-governmental organizations’ (NGO) recent reports about hydropower plant financing by its financial […]
EBRD looking to employ Principal Fund Manager, Renewable District Energy
The European Bank for Reconstruction and Development (EBRD) is seeking to hire Principal Fund Manager, Renewable District Energy, to be based in Belgrade, Serbia. The deadline to apply is September 19. Reporting to the Deputy Head of Municipal and Environmental Infrastructure and in close collaboration with the respective sector teams, including the Energy Efficiency and Climate Change […]