MK Fintel Wind secured loan for Košava wind farm
MK Fintel Wind has announced that it has secured EUR 81.5 million for the completion of Košava Phase 1 wind park near Vršac in Serbia. MK Fintel Wind is owned by Italy’s Fintel Energia Group and Serbia’s MK holding, whose owner is businessman Miodrag Kostić, has already built two wind farms in Serbia. The construction […]
Works on Hrgud, first wind park in Republika Srpska to start soon
The first wind farm in Republika Srpska, 48 MW Hrgud, should be completed in four years. The EUR 60 million loan deal for its construction was signed between the Ministry of Finance of Bosnia and Herzegovina and German KwF Development Bank. This wind farm in Berkovići, a southern municipality of Republika Srpska, comprises 16 wind […]
World Bank provides EUR 40 million loan for energy efficiency in Serbia
The World Bank (WB) has provided EUR 40 million loan to Serbia for energy efficiency measures in 234 public buildings. The loan is a part of USD 119 million (EUR 100 million) Enhancing Infrastructure Efficiency and Sustainability Program, recently approved by the WB. The rest of the money (EUR 60 million) will be spent on road […]
EBRD to loan EUR 75 million to Turkey for renewables investment
The European Bank for Reconstruction and Development (EBRD) will provide EUR 75 million in financing to Turkey Sinai Kalkinma Bankasi (TSKB), a Turkey-based investment and development bank, for renewable investment. The financing, under Turkey Mid-Size Sustainable Energy Financing Facility III (MidSEFF III) is for on-lending to private sector borrowers for renewable energy and resource efficiency […]
EBRD provides EUR 2 million loan for energy efficiency measures in Kosovo*
The European Bank for Reconstruction and Development (EBRD) has provided EUR 2 million loan for energy efficiency measures in residential sector in Kosovo*. The loan has been provided to Kreditimi Rural i Kosoves (KrK), the third-largest microfinance institution in Kosovo*, to support households’ efforts to save energy and money. The funds will be on-lent to […]
EIB loan for three new wind farms in Greece
The European Investment Bank (EIB) said it has approved a loan of EUR 24 million for three wind farm projects in Greece. The loan will be used by the Terna Energy company to set up and operate the three wind farms in the central Greece region of Viotia. Part of the loan was secured by […]
Serbia receives funding to start using biomass in its district heating plants
Serbia will receive funds from the German development bank KfW and the Swiss government to convert 10 heating plants from fossil fuels to biomass. The five agreements on the loans and grants was signed by Serbian Minister of Mining and Energy Aleksandar Antić and German and Swiss representatives. The project is worth a total of […]
EUR 32 million loan to Montenegro to complete smart metering project
EUR 32 million loan to Montenegro was approved by London based European Bank for Reconstruction and Development (EBRD) to finalize the introduction of smart metering system in the country. The loan will be used by Montenegrin electricity distribution company Crnogorski elektrodistributivni system (CEDIS) for the purchase of 60,000 smart electricity meters. Once the smart metering […]
