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 […]
EUR 25 million loan for upgrading Sarajevo water supply network
The reconstruction of the water supply network in Sarajevo, the capital of Bosnia and Herzegovina, is financed with a EUR 25 million sovereign loan provided to the Sarajevo Canton Water and Wastewater Company by European Bank for Reconstruction and Development (EBRD). The loan agreement was signed today on the final day of the EBRD 2017 Annual […]
GGF funds energy efficiency measures in Turkey with EUR 15 million
The Green for Growth Fund (GGF) has agreed to lend EUR 15 million to Turkey’s Garanti Leasing to foster investments in energy efficiency and renewable energy equipment by Turkish micro, small, and medium enterprises (MSMEs). Energy efficiency measures financed with the GGF loan are expected to achieve annual primary energy savings of approximately 61.000 MWh […]
New round of EIB loans for improving energy efficiency in Bucharest
Two projects for refurbishing the multi-family residential buildings in the Romanian capital of Bucharest received financial boost from the European Investment Bank. The European Investment Bank (EIB) said it is lending EUR 15.3 million to finance the second phase of the thermal rehabilitation programme covering multi-family housing in the Bucharest’s Sector 6 municipality. This is […]