IFC joining EBRD in investment in Akfen’s green energy
The International Finance Corporation will join the European Bank for Reconstruction and Development in supporting the renewables branch of Turkish conglomerate Akfen Holding with a combined investment of EUR 175.5 million, SeeNews reported. The two development banks will have equal stakes in Akfen Yenilenebilir Enerji AŞ and make equal investments, according to a public filing. […]
Turcas Petrol to enter energy market in Iran
Turkish energy company Turcas Petrol is looking at entering the Iranian energy market through investments in oil, gas or renewables, following the lifting of most of the sanctions against the Islamic Republic. “We believe we must definitely be in Iran,” company’s chief executive Batu Aksoy told journalists, as reported by Hürriyet Daily News. At a time when […]
NGOs ask China to shift investment focus to green energy
Electric power projects with lignite in Southeastern Europe pose a significant threat to European Union’s climate and energy goals that countries of the region should be fulfilling on their path to accession, an association of environmentalist groups said. China, along with 177 other countries of the world, has signed the Paris Agreement last month, but […]
Understanding energy efficiency investments – a global perspective
By Qendresa Rugova, Burg Capital GmBH, Vienna esa.rugova@burgcapital.com This article is part of a series of two articles on energy efficiency investments covering (1) investment characteristics from a global perspective and (2) existing and emerging financing models for energy efficiency investments and their applicability in the Balkan region. Energy efficiency is an integral part of […]
Sustainable Energy Initiative mainstreams renewables
Under the framework of its Sustainable Energy Initiative, the European Bank for Reconstruction and Development funded renewable energy generation with about EUR 4 billion between 2006 and the end of 2014, says Nandita Parshad, EBRD Director, Power and Energy Utilities. In an interview with Balkan Green Energy News, she underscored the challenges coming from changing […]
Poor predictability makes RES unattractive to investors
The Romanian renewable energy sources (RES) sector is unattractive to investors, said representatives of the Renewable Energy Producers Organization in Romania (Patres) on the occasion of their annual meeting, when they also debated legislative news, Business-review.eu reported. George Niculescu, the executive director, believes that the biggest concern are the frequent legislative changes that occur suddenly […]
French investor catches Banat wind
Location licence will be awarded soon to French investor IEL OIE Balkan Renewable Energy and the projects are underway for a wind park, says Nemanja Đukić from the Kikinda Municipality Council, daily paper Dnevnik said. He added the 50 MW facility is planned to be launched by 2017. The wind park in Bašaid, according to […]
