Galascope completes solar power plants of 7.5 MW in Cyprus
RCB Bank financed the construction of two solar power plants in Cyprus with the help of the European Investment Bank. Galascope connected the facilities with an overall capacity of 7.5 MW to the grid and it will sell electricity in the open market. Galascope connected two photovoltaic parks of 7.5 MW in total to the […]
Kosovo* secures additional EUR 11 million for wastewater treatment plant
The Municipality of Gjilan/Gnjilane in Kosovo* has secured another EUR 11 million from the European Investment Bank (EIB) for a wastewater treatment plant. With the loan, the total amount approved for the project is EUR 24.1 million. The investment will improve wastewater management and provide affordable access to water and wastewater services for more than […]
Officials, CEOs, NGOs call for green revival from COVID-19 in EU
An ad-hoc group is pressuring the EU to stay on track with its environmentally friendly economic measures. Heads of companies, business associations and think tanks joined ministers and members of the European Parliament calling on decision makers in Brussels to make sure the revival from the COVID-19 downturn is green. The European Commission reacted to […]
Resalta secures EUR 12 million loan from EIB for energy efficiency services
The energy services provider intends to expand in Slovenia, Croatia, Bulgaria, Serbia and the Western Balkans overall. The funding for Resalta was agreed within the Investment Plan for Europe for the second time. Energy intensity in Southeastern Europe is high and there is a need for energy efficiency and energy management, according to a press […]
Belgrade sees EUR 6.5 billion in investments lowering pollution
Deputy mayor Goran Vesić has laid out a five-year plan to combat pollution in Serbia’s capital. Together with investments by the country’s government and other partners, spending in Belgrade comes in at EUR 6.5 billion. The sum for combating pollution includes EUR 3.86 billion projected for the first two lines of the city train, which […]
China’s CMEC to make main Belgrade wastewater treatment unit, sewage
Serbia’s capital city signed a cooperation agreement with China Machinery Engineering Corp. for the intended financing of research and design of a system for the collection and treatment of wastewater. A separate deal is authorizing CMEC to start the preparatory activity for the project, estimated at up to EUR 771 million in total. The first […]
EU lifts green investment target by EUR 260 billion per year by 2030
The Sustainable Europe Investment Plan will mobilize at least EUR 1 trillion in the next decade, the European Commission has said. The so-called Just Transition Mechanism, which is being set up by the EU with the responsibility for the green investment part worth EUR 100 billion from 2021 to 2027, comes with a support fund […]
EIB adopts new energy lending policy, to stop financing fossil fuel projects from end-2021
The European Investment Bank’s (EIB) Board of Directors has agreed on a new energy lending policy which envisages that the bank will stop financing fossil fuel projects from the end of 2021. The EIB will no longer consider new financing for unabated, fossil fuel energy projects, including gas, from the end of 2021 onwards, the […]
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