OEDAS inks finance deals worth USD 330 million to upgrade distribution network
Turkey’s electricity distribution company Osmangazi Elektrik Dagitim (OEDAS), a subsidiary of Zorlu Energy Group, has signed project finance agreements with three international finance institutions (IFI) for Turkish lira-denominated lending worth USD 330 million to finance electricity distribution investments. The lending from the European Bank for Reconstruction and Development (EBRD), IFC, a member of the World […]
EIB provides EUR 15 million to HBOR for biodiversity improvement
European Investment Bank (EIB) has provided EUR 15 million to Croatian Bank for Reconstruction and Development (HBOR) under the Natural Capital Financing Facility in order to improve conservation of existing biodiversity, improve green infrastructure and strengthen climate change resilience. The Natural Capital Financial Facility, founded 3 years ago by the EIB and the European Commission, has […]
Introduction of market-based incentives for renewables not in Serbia’s interest
Author: Slobodan Ružić, CEO of Energy Saving Group The need to incentivize investments in renewable energy sources is not merely something powerful political and business circles lobby for in order to profit off of people. Or at least it’s not just that! Renewable energy has an immense overall social significance combined with clear economic reasons. The […]
Belgrade to “do its part” to enable launch of works under Vinča landfill project by next spring
The City of Belgrade will “do its part” within legal deadlines to enable launching construction by the spring of 2019 under a EUR 333 million public-private partnership (PPP) project to remediate the Vinča landfill – Serbia’s biggest environmental problem – and build modern waste management facilities, City Manager Goran Vesić said. Vesić was speaking while […]
Solar PV, thermal panel plant opens in Skopje
PiKCELL Group, in partnership with Solar Power, has unveiled a plant to produce solar photovoltaic (PV) and thermal panels in Skopje, the Macedonian media reported. This is the first such plant in Macedonia and the region, according to the reports. The investment is expected to reach EUR 5 million by the end of the year. […]
Concession deal signed with Suzlon to build, operate 25.2 MW wind farm
The Sarajevo Canton government today signed a concession agreement with Suzlon Wind Energy BH, a subsidiary of India’s wind turbine supplier Suzlon Energy, to build and operate a 25.2 MW wind farm, according to a press release on the government’s website. The Ivan Sedlo-Hadžići wind farm will be the canton’s first. The investment is worth […]
EPCG inks wind farm MoU with Austria’s Ivicom, feed-in tariffs not planned
Montenegro’s power utility Elektroprivreda Crne Gore (EPCG) and Austria-based Ivicom Holding have signed a memorandum of understanding (MoU) concerning the implementation of a project to build the Gvozd wind farm with a planned capacity of 50 MW, under an investment estimated at around EUR 70 million, EPCG has said in a press release. Financing for […]
CMEC considering construction of wind farms at Galica, Vlašić location
Prime Minister of the Central Bosnia Canton (SBK) Tahir Lendo met with representatives of local firms Tomix Kneževo and TLG Travnik, as well as China Machinery Engineering Corporation (CMEC) to discuss the construction of wind farms at the locations of Galica and Vlašić. CMEC and the two companies from Bosnia and Herzegovina started cooperation a […]