Electrica acquires Stănești solar park, enters power generation market
Romanian power supply company Electrica Group has acquired 7.5 MW Stănești Photovoltaic (PV) Farm in a move that marks its entry in the power generation sector, namely renewables. According to the local media, the company is also negotiating the acquisition of several other facilities including the 45 MW Dorobanţu wind farm and PV farms controlled […]
Rethinking financial sustainability for biodiversity
Biodiversity can be in the center of sustainable development, yet it requires systematic solutions and diverse mechanisms that enable retainment and reinvestment of funds into conservation. This new sourcebook deals with a range of additional financial instruments that may support planning and thinking about financing biodiversity, ecosystems and protected areas as investments in sustainable development. […]
10 steps Serbia should take on the path of green growth
Author: Danko Kalkan, Green Finance and Environmental Management Expert From an environmental point of view, Serbia is one of the most endangered countries in Europe. What are its four biggest ecological problems and what steps it needs to take in order to catch up with the developed world in terms of sustainable development? In the […]
Western Balkan countries on the way to finalizing their National Energy and Climate Plans
Western Balkan countries, partners of the GIZ Open Regional Fund for South-East Europe – Energy Efficiency (ORF-EE), have made substantial progress in the preparation of their draft National Energy and Climate Plans (NECPs), demonstrating a commitment to following the pace of the EU member states who are in the process of finishing their final versions. […]
EU 2030 Biodiversity Strategy – Bringing nature back into our lives
Author: Boris Erg, Director of the IUCN Regional Office for Eastern Europe and Central Asia The European Commission has adopted a new EU 2030 Biodiversity Strategy this May, framing it as a “comprehensive, ambitious, long-term plan for protecting nature and reversing the degradation of ecosystems.” Undoubtedly, it comes very timely. The landmark Global Assessment on Biodiversity and […]
Southeastern Europe may get EUR 10 billion as EU boosts Just Transition Fund plan
The European Commission has proposed to increase the funds intended for the energy transition of coal regions from EUR 7.5 billion to EUR 40 billion. The initial proposal for the economic recovery of the 27-country bloc has been amended to add massive stimulus. The move is part of the newest effort of the Commission, called […]
Towards greener agenda for Western Balkans
“Western Balkans hosts rich biodiversity, including many threatened, rare and endemic species, and relatively large unspoiled ecosystems. From nature we get food and water, energy and medicine, climate regulation support and disaster risk mitigation, among other benefits. Today, as we celebrate the International Day for Biological Diversity, there is a need to recognize the value […]
Hidroelectrica plans to install first offshore wind park in Black Sea
Romania’s biggest power producer laid out an ambitious long-term plan to its shareholders, leaning to a large extent on funds it expects from the European Green Deal. Hidroelectrica proposed to develop capacities in hydropower, biomass, photovoltaics, chargers for electric vehicles, hydrogen and wind turbines including an offshore wind park in the Black Sea of as […]