GGF supports two large-scale wind farms in Serbia
The Green for Growth Fund (GGF), advised by Finance in Motion GmbH, will support two of the first large-scale wind farms in the country – the 158 MW Čibuk 1 wind farm and the 42 MW Alibunar wind farm with a total of EUR 31.85 million, GGF said in a statement. The GGF secured EUR […]
OEDAS inks finance deals worth USD 330 million to upgrade distribution network
Turkey’s electricity distribution company Osmangazi Elektrik Dagitim (OEDAS), a subsidiary of Zorlu Energy Group, has signed project finance agreements with three international finance institutions (IFI) for Turkish lira-denominated lending worth USD 330 million to finance electricity distribution investments. The lending from the European Bank for Reconstruction and Development (EBRD), IFC, a member of the World […]
Belgrade to “do its part” to enable launch of works under Vinča landfill project by next spring
The City of Belgrade will “do its part” within legal deadlines to enable launching construction by the spring of 2019 under a EUR 333 million public-private partnership (PPP) project to remediate the Vinča landfill – Serbia’s biggest environmental problem – and build modern waste management facilities, City Manager Goran Vesić said. Vesić was speaking while […]
Installation of Alibunar wind farm turbines by September
Elicio, the Belgian renewable energy producer has announced its plan to complete the installation of 21 turbines at the 42 MW Alibunar wind farm, less 60 kilometers northeast of Serbia’s capital Belgrade, by September this year. The construction of the wind turbines foundations is expected to be finished in less than a couple of weeks. Then, Elicio […]
Update: EBRD, IFC finance wind farm Čibuk 1 of 158.4 MW
Vetroelektrane Balkana d.o.o. secured a credit line worth EUR 215 million for its Čibuk 1 wind power plant, most of which is planned to be built in the Kovin municipality, less than fifty kilometres northeast of the centre of Belgrade. The facility of General Electric Co.’s 57 turbines in the area of villages of Mramorak and Dolovo […]
Vinča PPP signed to solve biggest environmental problem in Serbia, region
Following an international tender, an agreement on a public private partnership (PPP) was signed by the Belgrade city authorities and a consortium of the French Suez groupe and Japanese Itochu I-Environment to implement a 25-year project to develop a system to treat municipal waste of Belgrade. The agreement calls for closing and remediation of one […]
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 […]
City of Belgrade ready for major energy efficiency refurbishment project
City of Belgrade Energy Secretary Marko Stojanović spoke to Balkan Green Energy News about the concept and the mechanisms of the newly-formed city’s Energy Efficiency Fund which will be as of next year also available to private citizens to upgrade the energy efficiency of their buildings. This is a revolving fund which is now being […]
