Aklease – first leasing company to join Turkey efficiency program TurSEFF
One of the leading leasing companies in the sector of renewable energy, Turkish Aklease, has joined Turkey Sustainable Energy Financing Facility (TurSEFF 3), program designed to finance small and medium-sized enterprises (SMEs) seeking to improve their energy efficiency and support for the use of renewable energy sources. As a measure of supporting Turkey’s transition towards a […]
Belgium company Elicio completes Malibunar wind farm
Belgian utility’s project is prelude for nearby power generation facility of 21 Senvion units. Wind turbines of 8 MW in total capacity, or 2 MW each, were presented in the area of the town of Alibunar, less 60 kilometres northeast of Serbia’s capital Belgrade. Elicio NV’s Malibunar project is located near a site where the […]
GGF helps energy efficiency in Serbian homes via Halkbank
Primary energy savings of 43 GWh and reductions of carbon dioxide emissions of more than 13,000 metric tonnes on an annual scale were highlighted by the Green for Growth Fund as it announced a long-term EUR 5 million loan for the housing sector in Serbia. The deal signed with Türkiye Halk Bankası AŞ’s subsidiary in […]
Small portion of public funds dedicated to upgrading buildings in Central, Eastern and South-Eastern Europe
Only 3 percent of the public funds that could be used to support energy-efficiency investments in the Central, Eastern and South-East Europe are dedicated to upgrading buildings. This shows that buildings are not considered to be critical energy infrastructure, although they can help reduce energy dependency and have other positive impacts, the Buildings Performance Institute […]
IFC, Unicredit, FMO and GGF provide loans for Elicio’s Alibunar wind farm
International Financial Corporation (IFC), a member of the World Bank Group, will support the construction of Elicio’s Alibunar wind farm in Serbia with EUR 19,1 million loan. The IFC announced that the Unicredit Bank, Netherlands Development Finance Company (FMO) and Green for Growth Fund (GGF) have agreed to provide loans worth EUR 40 million for […]
GGF provides EUR 20 million senior loan to UniCredit Bank for renewable energy financing in Serbia
The senior loan for financing renewable energy projects represents the beginning of the cooperation between GGF and UniCredit Bank Serbia. The renewable energy projects to be financed by the GGF loan are expected to reduce carbon dioxide (CO2) emissions by 47,000 tons. The Green for Growth Fund (GGF) and UniCredit Bank Serbia have signed a loan agreement […]
VIDEO – Perspective: GGF committed to financing green energy portfolio in the Balkans by Carrie Walczak
The development of renewable energy programs in the region has been slower than it was anticipated and governments need to take certain steps, primarily related to the regulatory framework, in order to encourage further progress of the sector. The Green for Growth Fund (GGF) can offer support for worthy projects to overcome obstacles in project […]
GGF to boost energy efficiency in Macedonia with EUR 10 million
The Green for Growth Fund (GGF) has extended its loan to Halkbank Skopje with EUR 10 million to further increase energy efficiency in Macedonia. Energy efficiency measures which will be financed in Macedonia with the GGF loan are projected to result in primary energy savings of almost 50,000 MWh on an annual basis. In addition, […]
