Building owners, local mayors are heroes of energy efficiency
Government and regulators are responsible for empowering decision makers on the local level as well as for clarifying how to engage with private energy service companies (ESCO) to establish public-private partnerships (PPPs) in energy efficiency, says Toivo Miller from the European Bank for Reconstruction and Development (EBRD), adding concrete investments in the field are done […]
DEG has acquired 10 percent stake in Čibuk 1 wind farm in Serbia
DEG – German development finance institution and a subsidiary of KfW Group has acquired a 10 percent equity interest in the 158 MW Čibuk 1 wind park in Serbia and joined two other investors in what is set to be the largest wind farm in Serbia. The wind farm, due to be completed in 2019, […]
Phased ban of incandescent bulbs starts July 1 this year in Montenegro
From July 2018, it is not going to be possible to buy traditional incandescent bulbs of 100 W or more in Montenegro. According to the Regulation on requirements for ecodesign of incandescent bulbs for households, this is only the first step in a phased ban of conventional lightbulbs from the market. The Montenegrin Ministry of Economy […]
UAE’s Masdar signs deal to invest in Montenegro wind farm Krnovo
Masdar, Abu Dhabi-based renewable energy company has signed a share purchase agreement with Akuo Energy, the leading French IPP in renewable energy, to enter into Krnovo wind farm in Montenegro, which is on stream since November 2017. Both sides announced that under the agreement, Masdar will acquire 49% of Krnovo Green Energy. The agreement was signed […]
Albania is looking for consultancy services for solar auction implementation
The European Bank for reconstruction and development (EBRD) and the Albanian Ministry of Energy and Industry (MEI) have launched an invitation for expressions of interest (CSU) for consultancy services for the implementation of the 50 to 100 MW solar auction in Albania. Closing date is January 31, 2018. Selected consultants are asked to provide support […]
Kovačica wind park secured EUR 142 million from three lenders
Kovačica, a 104.5 MW wind farm under construction in Serbia, has successfully secured EUR 142 million and reached the financial close. The financing in the amount of EUR 142 million is provided by parallel loans from Erste Group Bank AG (supported by the German Export Credit Agency Euler-Hermes), Erste Bank Serbia, and the European Bank for […]
Bulgaria’s NEK calls for tender for Chaira HPP rehabilitation
Bulgarian National Electricity company (NEK) has invited sealed tenders from contractors from all over the world for the rehabilitation of pumped-storage hydro power plant Chaira, located in the Rila mountains, some 100 km from Sofia. The call for tender, published at the NEK website, says that subject of the tender are all activities and components […]
Macedonia’s banks to finance energy efficiency improvement in housing sector
Ohridska banka AD Skopje and Sparkasse Bank Makedonija will support investments in green technology and energy efficiency improvement in the housing sector. Both banks have received loans from the EBRD Western Balkans Green Economy Financing Facility (GEFF) for that purpose. Ohridska Banka will use EUR 2 million loan for on-lending to support investments in green […]
