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 […]
New EUR 45 million loan for energy efficiency in Romania’s residential sector
Romanian households owners will be provided with additional EUR 45 million to invest in energy efficiency improvements, such as heating, water, and electricity, as well as additional building enclosures such as walls, windows and roofs, for their homes. Most of Romania’s residential buildings were constructed between 1960 and 1990 with low thermal insulation. “The European […]
Study: European-financed small hydropower plants damaging pristine Balkan
Eight hydropower projects in Albania, Croatia and Macedonia financed with European public money have damaged biodiversity and are in urgent need of increased monitoring and restoration measures, finds a study by CEE Bankwatch Network. The hydropower plants were enabled by support from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank […]
Aklease – first leasing company to join Turkey efficiency program TurSEFF
One of the leading leasing companies in the sector of renewable energy, Turkish Aklease, has joined Turkey Sustainable Energy Financing Facility (TurSEFF 3), program designed to finance small and medium-sized enterprises (SMEs) seeking to improve their energy efficiency and support for the use of renewable energy sources. As a measure of supporting Turkey’s transition towards a […]