GGF extends EUR 1 million to LIDER to on-lend for energy efficiency, small renewable energy equipment
The Green for Growth Fund (GGF), an impact investment fund advised by Finance in Motion, has joined hands with the Microcredit Foundation LIDER to promote energy efficiency and use of small renewable energy equipment among households and farmers in Bosnia and Herzegovina through a loan of EUR 1 million. The loan, along with the complementary […]
Energy Community Secretariat urges Parliament to postpone decision on Tuzla 7 guarantee
The Energy Community (EnC) Secretariat has urged the Parliament of the Federation of Bosnia and Herzegovina (FBiH) to postpone its decision on a guarantee for the Export–Import Bank of China’s (Chexim – China Exim Bank) loan to state-owned power utility Elektroprivreda BiH (EPBiH) to build a new, 450 MW unit of the Tuzla coal-fired power […]
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 […]
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. […]
KfW signs EUR 18.5 million financing agreement with Raiffeisen to fund energy efficiency projects
German development bank KfW has signed a EUR 18.5 million financing agreement with Raiffeisen Bank in Bosnia and Herzegovina (BiH) in a continuation of long-standing cooperation on funding projects to improve energy efficiency, according to a press release from KfW. “It is my pleasure to sign this agreement and thereby continue our successful cooperation with […]
Lending under EBRD’s GEFF approved to first bank in Albania to on-lend for energy efficiency projects
Albania’s Union Bank will on-lend a EUR 6 million loan it has secured from the European Bank for Reconstruction and Development (EBRD) for high-performance energy efficiency projects in privately owned residential dwellings and buildings in the country. The loan has been approved under the Western Balkans Green Economy Financing Facility (GEFF), the EBRD said. Union […]
Izmir secures EUR 80 million loan for EUR 250 million investment in low-carbon metro
Izmir, Turkey’s third-largest city with a population of close to 4.2 million, has secured a EUR 80 million loan from the European Bank for Reconstruction and Development (EBRD) for a EUR 250 million project to build its second metro line. Metro development in Izmir represents a major investment in zero-emission transport at the local level. […]
EBRD providing up to EUR 5.1 million to UniCredit in Serbia to on-lend for energy efficiency, renewables projects
The EBRD is providing a loan of up to RSD 600 million (equivalent to EUR 5.1 million) to UniCredit, the second-largest bank in Serbia, to enhance its financing of the green economy, according to a news release from the EBRD. The loan comes under the EBRD’s EUR 85 million Green Economy Financing Facility for the […]
