Hyundai Motor, Kia Motors to invest EUR 80 million in Rimac Automobili
Hyundai Motor Company and Kia Motors Corporation have jointly invested EUR 80 million in Croatian technology and electric sports car company Rimac Automobili. Hyundai and Rimac Automobili will also join forces in the development of high-performance electric vehicles (EVs). According to Rimac Automobili’s news release, Hyundai Motor will invest EUR 64 million, while Kia Motors […]
EBRD invests USD 100 million in renewable arm of Turkey’s IC Holding
The EBRD is investing USD 100 million in a stake of Ictas Surdurulebilir Enerji Yatirimlari, the renewable subsidiary of Turkey’s IC Energy Holding. The Turkish company plans to invest EBRD funds in wind farms and solar power plants with a combined capacity of up to 250 MW. The agreement was inked on the sidelines of […]
EPCG’s new investment cycle focuses on portfolio diversification, hydropower projects
A Belgrade consortium comprising engineering firm Energoprojekt Hidroinženjering and water management institute Jaroslav Černi has been selected to produce a conceptual design for hydropower plant (HPP) Komarnica, and has already prepared an environmentally acceptable technical solution, which paves the way for the construction of the power plant following decades of research, Igor Noveljić, CEO of […]
ERS to build 1,000 MW renewable energy power plants over next 10 years
Public power utility Elektroprivreda Republike Srpske (ERS) aims to invest EUR 1.25 billion in 1,000-MW renewable energy power plants over the next 10 years, said ERS general manager Luka Petrović. As the company has an enormous potential to use renewables, the ERS strategy is to build 1,000 MW renewable energy power plants over the next […]
ZF to open plant in Pančevo by end-April, second investment phase to start soon
German car parts maker ZF Friedrichshafen AG plans to open a plant in Pančevo by the end of the month to produce powertrain components for hybrid and electric vehicles (EV), while it plans to start expanding the plant’s capacity by mid-2019. New production facilities will be built, but also a research and development center for […]
EEO Scheme Model developed for BiH, energy efficiency investment potential estimated at EUR 2.55 billion
The Energy Efficiency Obligation (EEO) Scheme Model for Bosnia and Herzegovina (BiH), developed by the USAID Energy Investment Activity (EIA) Project together with relevant ministries and other government institutions, is designed to significantly improve the way efficient energy production is financed. A survey has shown that the majority of respondents support the idea of financing […]
Turkey adds 457 MW of installed wind energy capacity in 2018
A total of USD 650 million was invested in Turkey’s wind energy sector to add 457 MW of installed capacity in 2018, the Turkish Wind Energy Association’s (TUREB) data shows. According to the Turkish Wind Energy Statistics Report 2019, Turkey’s total installed wind capacity reached 7,369 MW in 2018, Anadolu Agency reported. The sector grew […]
NEWLIGHT project secures EUR 22 million in investment in public lighting
The NEWLIGHT project, implemented by the Regional Energy Agency of the North-West Croatia (REGEA) and two Croatian counties, has managed to secure HRK 162 million (EUR 22 million) in investment in public lighting in 32 municipalities in Croatia. In addition to HRK 16.5 million (EUR 2.2 million) worth of electricity savings, the project has also […]