EBRD sells stake in Romania’s Green Group
The European Bank for Reconstruction and Development (EBRD) said it divested its share in Romania’s Green Group, specialized in consumer packaging waste recycling. The firm embarks on its next stage of development and sets its sights on a public listing, the press release states. EBRD’s stake, as well as the part owned by Global Finance, […]
IFC joining EBRD in investment in Akfen’s green energy
The International Finance Corporation will join the European Bank for Reconstruction and Development in supporting the renewables branch of Turkish conglomerate Akfen Holding with a combined investment of EUR 175.5 million, SeeNews reported. The two development banks will have equal stakes in Akfen Yenilenebilir Enerji AŞ and make equal investments, according to a public filing. […]
Visoko to upgrade, expand water supply with EBRD’s help
A project summary document by the European Bank for Reconstruction and Development revealed a EUR 4.5 million loan is in preparation for the Municipality of Visoko in Bosnia and Herzegovina to expand water supply. The target for the decision by the board, pending final review, is July 20. The project aims to enable connection of […]
EBRD launches Reenova+ in Croatia
The European Bank for Reconstruction and Development is starting a EUR 60 million facility for financing energy efficiency improvements in Croatian homes and households. Loans under the new Reenova+ financing facility will be extended by partner financial institutions, the bank stated on its website. Erste & Steiermärkische Bank d. d. is the first that joined the programme and additional […]
City of Gaziantep unveils climate change action plan
The European Bank for Reconstruction and Development (EBRD) said it is supporting the southeastern Turkish city of Gaziantep in an ambitious set of policies to tackle climate change by cutting emissions by 20% by 2023. The plan for dramatic improvement in the environment is laid out in a comprehensive document launched by deputy mayor Latif […]
EBRD helps policy reform to stimulate energy efficiency
The European Bank for Reconstruction and Development sees large opportunities for savings in public budgets in the improvement of efficiency of municipal lighting, says Daniel Berg, the international financing institution’s director in Serbia. He told Balkan Green Energy News the bank is providing technical cooperation to a number of municipalities and hopes to finance investment […]
One thousand projects are just the start
By Josué Tanaka, the EBRD’s managing director for Operational Strategy and Planning, Energy Efficiency and Climate Change. The European Bank for Reconstruction and Development is looking ahead to an ambitious future and back at the achievements of the recent past as we boost our contribution to global efforts to combat climate change. We have just […]
EBRD approves funds for Krnovo wind power plant
The European Bank for Reconstruction and Development (EBRD) is supporting the first commercial wind power plant in Montenegro, to be located at Krnovo, near the town of Nikšić in the western part of the country. Also, the government in Podgorica agreed on July 23 for French development bank of Proparco to join the project lenders. […]
