Greece earmarks EUR 850 million for energy efficiency, prosumers
The Greek government has prepared an EUR 850 million program for energy efficiency in the private buildings sector, including incentives for the use of renewable energy for self-consumption and the introduction of solutions for smart homes. The idea is to introduce energy saving measures in 60,000 households per year until 2030, local media reported. The […]
TENDERING: EPCG looking for project design for new unit at HPP Perućica
Montenegrin state power utility Elektroprivreda Crne Gore (EPCG) has announced an international tendering for the preparation of project documentation for installing a 58.5 MW unit at hydropower plant (HPP) Perućica. The preparation of the project documentation for the A8 unit will be financed with a portion of a loan approved by the German development bank […]
Construction of first wind farm in Republic of Srpska to start in October
The construction of the Grebak wind farm, the first in the Republic of Srpska, is expected to start in October. The investment in the 50 MW wind farm is estimated at around EUR 65 million. The concession agreement between the Ministry of Energy and Mining of the Republic of Srpska and German company VE Grebak […]
Energy companies in Montenegro to invest EUR 734 million by 2024, EUR 1 billion in total
Energy companies in Montenegro plan to invest more than EUR 1 billion, of which EUR 734.6 million in the next four years, according to the third socio-economic package, adopted by the government to mitigate the coronavirus pandemic effects. The largest part of these investments will be implemented by state-owned companies Elektroprivreda Crne Gore (EPCG), Crnogorski […]
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. […]
