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 […]
PPC secures EUR 255 million loan to upgrade electricity distribution network
Greece’s Public Power Corporation has secured EUR 255 million to upgrade the electricity distribution network operated by the Hellenic Electricity Distribution Network Operator (HEDNO), its subsidiary. The upgrade is part of a EUR 510 million national investment programme implemented by HEDNO in the 2017-2020 period. The first part of the European Investment Bank (EIB) loan […]
Elektroprivreda BiH adopts Business Plan for 2019-2021
Public power utility Elektroprivreda Bosne i Hercegovine (EPBiH) is planning to bring the Podveležje wind farm, small hydropower plants (SHPPs) on the Neretvica river, and the Vranduk hydropower plant (HPP) phase I online in the next three years, as well as to start the construction of Unit 7 of the Tuzla thermal power plant (TPP), […]
EUR 28 million from IPA fund approved for wastewater treatment, waste separation
A total of EUR 28 million under the Instrument for Pre-Accession Assistance (IPA) 2017 will be invested in wastewater treatment in Brus, Blace, and Kraljevo, as well as in waste separation projects in 19 municipalities in Serbia. The agreement on the use of these funds was signed today in Brussels by European Integration Minister Jadranka […]
EIB supports Rimac Automobili with EUR 30 million loan
The European Investment Bank (EIB) and Croatia’s Rimac Automobili have signed a EUR 30 million loan for investment in research and development of electric vehicles (EVs) and related components, the EIB said in a press release. According to the EIB, the financing will allow the innovative car company to further develop its electric driving technologies. […]
Regulatory framework, electricity price highlighted as impediments to greening region’s energy mix
The Western Balkans, and Serbia in particular, should continue implementing regulations to help green the energy mix and fight climate change, according to panelists at the 11th Balkan Energy Finance Forum. They also raised the issues of how the low regulated electricity price is affecting investments in the energy sector overall and how third countries […]
