Regulatory framework, electricity price highlighted as impediments to greening region’s energy mix
The Western Balkans, and Serbia in particular, should continue implementing regulations to help green the energy mix and fight climate change, according to panelists at the 11th Balkan Energy Finance Forum. They also raised the issues of how the low regulated electricity price is affecting investments in the energy sector overall and how third countries […]
EIB issues first Sustainability Awareness Bond as Bankwatch urges it to shift away from fossil fuels
Just as the European Investment Bank (EIB), heavily present in South-East Europe (SEE), issued its first, EUR 500 million Sustainability Awareness Bond, CEE Bankwatch Network, one of the largest networks of environmental civil society organizations (CSO) in Central and Eastern Europe, unveiled a report calling on the lender to shift away from financing fossil fuels […]
Nevesinje municipality, Ekoteh sign contract for new EUR 1.2 million water treatment plant
Nevesinje Mayor Milenko Avdalović and Marko Škoberne, chairman of the management board of Slovenia-based Ekoteh, have signed an agreement on EUR 1.2 million worth of reconstruction works on the water treatment plant in Nevesinje. The reconstruction is part of a wider EUR 100 million program to improve drinking water and the sewerage network in Republika […]
HEP signs construction deal for Zagreb CCPP as it secures EUR 130 million in lending from EBRD, EIB
Power utility Hrvatska Elektroprivreda’s (HEP) project to build a new gas-fired combined-cycle gas-turbine plant to replace old and worn-out units at the EL-TO Zagreb combined heat and power (CHP) site will be backed with a total of EUR 130 million in lending from the European Bank for Reconstruction and Development (EBRD) and the European Investment […]
Terna secures financing from EIB, Alpha for two wind farms in Greece
Greece’s Terna Energy Group has secured financing for the construction of two 44 MW wind farms on Mt. Vermio in northern Greece. The European Investment Bank (EIB) extended a EUR 24 million loan, while Alpha Bank acted as co-lender providing an equivalent amount of long-term debt next to a medium-term VAT facility. The EIB’s loan […]
GGF Sustainable Future Forum calls for sustainable, innovative solutions, announces clim@ winners
The Green for Growth Fund (GGF) held its first Sustainable Future Forum in Frankfurt, Germany on June 27. The event gathered more than 250 participants to showcase leading initiatives in green finance for energy and resource efficiency throughout the Fund’s regions of operations, as well as the most inspiring global initiatives. The grand finale of […]
Petition handed to EBRD calling on IFIs to drop “destructive hydropower in the Balkans”
Representatives from the Save the Blue Heart of Europe campaign to save the continent’s last undammed rivers have handed in a petition endorsed globally by more than 120,000 people, calling on international development banks to rein in financial support for hydropower projects in the Balkans, according to a press release from CEE Bankwatch Network, one […]
EIB to finance procurement of electric buses for Belgrade
The European Investment Bank (EIB) plans fresh investments in Belgrade’s green urban mobility, said Head of EIB Regional Representation for the Western Balkans Dubravka Negre. The EIB plans to finance the procurement of new electric buses and help modernize trams and tram tracks in the Serbian capital, Negre said. Negre made the announcement while discussing […]
