Green for Growth Fund backs microfinance institution Alter Modus’ energy efficiency lending
The Green for Growth Fund (GGF) has provided a senior loan of EUR 1.5 million to the microfinance institution Alter Modus. This transaction further broadens and diversifies the fund’s geographic and operational scope with financing for Montenegro’s growing energy efficiency market. The GGF’s new investment will support Alter Modus, Montenegro’s leading microfinance institution, in further […]
Energiesprong retrofit – energy jump to net-zero energy buildings
A Net-Zero Energy house, developed by Energiesprong (Energy Jump), generates sufficient energy to heat the house, provide hot water and power its household appliances. Money normally spent on energy bills and maintenance work pays for this energy-efficient upgrade. The initial concept was originated in the Netherlands, where 5,000 homes have successfully been retrofitted to date, […]
Serbia to ban incandescent bulbs from mid-2020
From mid-2020, the use of incandescent light bulbs will no longer be possible in Serbia as a result of new rules that will ban the use of some energy-inefficient products, according to participants in a panel on energy efficiency and proper use of electricity, the daily Blic has reported. An incandescent bulbs consumes five times […]
Šabac district heating operator to upgrade residential buildings under ESCO model
The Šabac district heating operator, Toplana-Šabac, will act as an energy service company (ESCO) that will take out a loan for its residential users in order to upgrade buildings, with repayment over 12 years to be financed through energy savings, the City of Šabac in western Serbia said. The contract on the loan for thermo-insulation […]
Resalta to implement energy efficient lighting project at Gorenje’s water heater plant
Slovenia-headquartered energy service company Resalta is undertaking a lighting project in Stara Pazova, Serbia for the Gorenje Tiki water heater factory, a member of Slovenia’s Gorenje group. Gorenje Tiki ranks among the largest five water heater manufacturers in Europe, producing half a million small, medium and large capacity water heaters each year on six assembly […]
Resalta signs energy supply PPP with Gornja Toponica hospital
Resalta has signed a public-private partnership (PPP) for energy efficiency with the Gornja Toponica special psychiatric hospital. This is the first such PPP for energy supply with a state institution in Serbia, the company said in a press release. In order to improve the infrastructure as well as employee and patient comfort, the Gornja Toponica […]
North Macedonia to adopt Energy Development Strategy until 2040 in line with EU Energy Union pillars
North Macedonia’s Ministry of Economy plans to adopt the Energy Development Strategy until 2040 by the end of 2019, said Economy Minister Kreshnik Bekteshi during the Business Forum held as part of the Western Balkans Summit Poznan 2019. The ministry has also prepared a draft law on energy efficiency. By the end of 2019, North […]
GGF Impact Report: 2.75 TWh of energy saved annually, CO2 emissions cut by 692,183 metric tons
By the end of 2018, the Green for Growth Fund (GGF) had financed nearly EUR 825 million in green investments, substantially reducing energy consumption and CO2 emissions. The fund’s investments are having a measurable impact on households and businesses by reducing their energy bills and CO2 emissions as well as enabling them to use resources […]