EBRD holds launch event for Green Economy Financing Facility in Serbia
The European Bank for Reconstruction and Development (EBRD) today hosted the launch event for the Green Economy Financing Facility (GEFF) in Serbia, the fourth and largest Western Balkan market where the GEFF, aimed at providing financing for energy efficiency improvements to households through a network of partner banks, has been rolled out to date. The […]
EBRD starts consultations on its draft energy sector strategy
The European Bank for Reconstruction and Development (EBRD) is launching public consultations on the draft of its upcoming Energy Sector Strategy (ESS), which will guide the Bank’s operations in the sector for the next five years, the international financial institution said in a press release. The current EBRD Energy Sector Strategy came into force in […]
ERS unit gets loan from EBRD for smart grid project
Power distribution company Elektro-Bijeljina, a subsidiary of state-owned power utility Elektroprivreda Republike Srpske (ERS), has signed a EUR 15 million loan agreement with the European Bank for Reconstruction and Development (EBRD) for the reconstruction of the medium and low-voltage power network in Elektro-Bijelijina’s distribution area and the installation of smart meters. The loan to finance […]
Banja Luka starts developing Green City Action Plan
The City of Banja Luka has started preparing its Green City Action Plan, which, according to Mayor Igor Radojičić, will be the city’s third major document, including the development strategy and the urban plan for the sustainable development of the city over ten years. “Banja Luka will try to get the first Green City Action […]
Zenica marks launch of work on Green City Action Plan
The City of Zenica has held a presentation to mark the launch of work on developing the Green City Action Plan, as part of efforts to make one of the most polluted cities in Europe greener and more environmentally friendly. The Zenica Green City Action Plan, which is expected to be completed and presented within […]
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 […]
