EBRD, UniCredit Leasing support Serbian SMEs transition to green economy
The European Bank for Reconstruction and Development (EBRD), the Green Climate Fund (GCF) and the Government of Luxembourg are supporting small and medium-sized enterprises (SMEs) in Serbia. Financing of EUR 20 million is available through UniCredit Leasing Serbia for investments in climate and green economy projects. GEFF Serbia Leasing is the EBRD’s financing facility of […]
GGF celebrates 10 years of green impact with renewables portfolio of over 1 GW
The Green for Growth Fund has so far supported the development of over 1 GW in renewable energy capacity. Southeastern Europe accounts for two thirds of the portfolio that GGF built until its tenth anniversary at the end of 2019, matched by the share of primary energy savings. The Green for Growth Fund said it […]
GGF approves EUR 10 million for BKT Kosovo’s* green lending portfolio
Clients are getting access to home renovation loans and firms will be able to upgrade production processes and energy or service supply systems. GGF provides packages for green lending to its local partners. More opportunities for efficiency in energy and resource use in Kosovo* are about to be opened, according to the Green for Growth […]
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 […]
GGF celebrates ten-year anniversary, EUR 1 billion in climate finance
The Green for Growth Fund said it has marked ten years since establishment. The ceremony in Frankfurt was hosted by its advisor Finance in Motion, GGF added. It also pointed out its green finance portfolio reached EUR 1 billion. The number of clients in Southeast Europe, the Caucasus, the Middle East, and North Africa surpassed […]
GGF secures EUR 25 million from OeEB to continue green finance
The Development Bank of Austria (Oesterreichische Entwicklungsbank AG – OeEB) has increased its investment with the Green for Growth Fund (GGF) by providing an additional EUR 25 million in senior shares, according to a press release from the GGF. OeEB’s commitment will help the GGF continue to develop renewable energy projects and improve energy and […]
EBRD seeks to put investments that bring environmental benefits at heart of its financing, advisory activities
In her first interview since taking the helm of the EBRD’s regional operations in the Western Balkans, Zsuzsanna Hargitai discusses the international finance institution’s green financing and planned projects in the region. She tells Balkan Green Energy News that the EBRD takes seriously non-governmental organizations’ (NGO) recent reports about hydropower plant financing by its financial […]
