Terna Energy sells Mountain Air wind farm in US
Greece’s Terna Energy has sold the 138 MW Mountain Air wind farm in Idaho in the United States to Innergex Renewable Energy Inc. for USD 215 million. According to the Greek energy company, the operating profit of the project amounted to USD 17.6 million in 2019. The sale is expected to generate a profit of […]
RWE boosts renewables portfolio to 9 GW after asset swap with E.ON
The major asset swap between RWE and E.ON is finally completed, as RWE took over innogy’s operations and becomes one of the world’s largest producers of renewable energy. The German company now has a renewables portfolio of 9 GW while 2.6 GW is under construction. According to most estimates, RWE is now the second-largest offshore […]
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 […]
EPCG is negotiating with EBRD loan for Gvozd wind farm
Power utility Elektroprivreda Crne Gore (EPCG) is negotiating a loan with the European Bank for Reconstruction and Development (EBRD) to finance the construction of the Gvozd wind farm. At the beginning of September last year, shareholders of EPCG approved the investment in the construction of the 54.6 MW Gvozd wind farm with Austria’s Ivicom Holding. […]
Dalekovod, ELES sign contracts for power lines worth EUR 59.5 million
Croatia’s Dalekovod Group has signed contracts for three projects with Slovenia’s transmission system operator ELES. The investment is estimated at EUR 59.5 million. The projects will be implemented by a consortium Dalekovod Ljubljana, Elektrotehna Elex and C&G. Upon completion, two power sections of lines will connect Hungarian and Slovenian transmission networks at a voltage level […]
COVID-19: Challenges and opportunities in the district energy sector
Author: Greg Gebrail, Energy Specialist and Bojan Bogdanović, Fund Manager – Renewable District Energy in the Western Balkans Fund (ReDEWeB), Sustainable Infrastructure Group in European Bank for Reconstruction and Development (EBRD) District energy systems are commonplace in urban centers and district heating is the most common form of heating for urban homes and businesses in […]
Environmental, energy projects worth EUR 960 million to restart Slovenia’s economy
The Government of Slovenia has adopted a list of 187 investments to restart the Slovenian economy after the COVID-19 epidemic including 22 projects in the environmental sector, worth EUR 310 million, and 19 in the energy sector, worth EUR 650 million. Total value of the investments is estimated at EUR 7.7 billion, local media reported. […]
Goldman Sachs sees renewables investment beating oil & gas for first time ever in 2021
Renewable energy investment in 2021 is expected to surpass oil and gas for the first time in history, according to a report recently published by the US-based investment bank and financial services company Goldman Sachs. Next year, renewable energy will become the largest area of spending in the energy industry, accounting for about 25% of […]