GGF Impact Report: 2.75 TWh of energy saved annually, CO2 emissions cut by 692,183 metric tons
By the end of 2018, the Green for Growth Fund (GGF) had financed nearly EUR 825 million in green investments, substantially reducing energy consumption and CO2 emissions. The fund’s investments are having a measurable impact on households and businesses by reducing their energy bills and CO2 emissions as well as enabling them to use resources […]
Barrier analysis and derisking RES in Serbia: Study Results
Author: Maja Turković, expert in sustainable energy & renewables and country partner on WeBET project The Western Balkans Energy Transition Dialogue (WeBET) project, together with the NewClimate Institute, has carried out research on the capital cost challenge for renewables in Serbia. Maja Turković, an expert in sustainable energy & renewables and country partner on the […]
Days of Good Wind gather 200 participants from Croatia, world
A conference titled Days of Good Wind, organized by the Croatian Renewable Energy Sources (OIEH), which started yesterday and ends today in Vodice, has gathered around 200 participants from Croatia and around the world interested in the future of wind energy, with a special focus on the region of South East Europe. The conference is […]
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 […]
