EBRD providing green funds to UniCredit for on-lending
UniCredit Bank a.d. Banja Luka may be granted a EUR 5 million senior loan under the Western Balkans Residential Green Economy Financing Facility (GEFF) for on-lending to residential sector for green economy investments in Bosnia and Herzegovina, the European Bank for Reconstruction and Development said in the project summary. The target board date is May […]
Power production and distribution companies in the Balkan region – governments still in charge
By Vladimir Spasić, energy journalist and analyst It is not just that the governments in the Balkan region do not consider selling their power utilities, but they covet buying what they sold twenty years ago, or at least buying from their neighbors. This can be illustrated by the announcement of Serbian power utility Eletkroprivreda Srbije (EPS) […]
GreenWEEE invests EUR 8.5 million in new recycling plant and modernization of existing
GreenWEEE International will invest EUR 8,5 million to open a new plant in Campia Turzii, Cluj county for the recycling of electrical and electronic waste, and to modernize and enlarge the capacity of existing facility at Buzau. GreenWEEE, a part of integrated recycling park Green Group, will invest EUR 3.5 million in the second plant […]
VIDEO – Perspective: GGF committed to financing green energy portfolio in the Balkans by Carrie Walczak
The development of renewable energy programs in the region has been slower than it was anticipated and governments need to take certain steps, primarily related to the regulatory framework, in order to encourage further progress of the sector. The Green for Growth Fund (GGF) can offer support for worthy projects to overcome obstacles in project […]
Montenegro to invest EUR 4.5 million in energy efficiency measures
The Government of Montenegro is investing more than EUR 4.5 million in energy efficiency measures in four educational and six health institutions. The energy efficiency measures include the placement of thermal insulation on facades and thermal and hydro insulation on roofs, replacement of facade windows, adaptation of existing heating systems or installation of new ones, […]
EUR 50 million for energy efficiency in Western Balkans Six
An EUR 50 million agreement aimed to improve energy efficiency and renewable energy potential in the countries of the Western Balkans Six was signed in Skopje, Macedonia. The agreement was signed by the representatives of the European Commission (EC), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the German […]
Slovaks to build pellet production plant in Macedonia
The Slovak company Holz-consulting will build a plant for the production of fuel pellet from agricultural and forestry waste in Macedonia. According to Macedonian media, the state-owned forestry company Makedonski šumi has signed a memorandum of cooperation with the Slovak pellet and pellet stoves producer Holz-consulting. The Slovak company will invest EUR 10 million in […]
EUR 180 million invested in RES projects in Montenegro
Ministry of Economy of Montenegro has announced that the total value of investments in renewable energy sources (RES) projects in that country reached almost EUR 180 million. The largest investment in RES is Krnovo wind farm worth EUR 143 million, according to a press release published on the ministry website. The remainder of EUR 35 […]
