BSTDB initiates first energy efficiency facility in Romania
The Black Sea Trade and Development Bank (BSTDB) has secured a EUR 7 million revolving facility for Garanti Consumer Finance, a Romanian non-banking financial institution, to finance energy efficiency, renewable energy, and water-saving solutions in the Romanian residential housing sector, the BSTDB said in a press release. The BSTDB’s first facility of the kind is […]
EPS reports net profit of EUR 28.8 million, distribution subsidiary EUR 20.3 million in 2017
Public power utility Elektroprivreda Srbije (EPS) made a net profit of around RSD 3.4 billion (about EUR 28.8 million) in 2017, according to the unconsolidated audited financial report posted on the company’s website. In 2017, EPS bought RSD 11.4 billion (some EUR 96.6 million) worth of electricity on the domestic market, about RSD 5.9 billion […]
Romania moves to not tax prosumers feeding surplus energy into grid
The Romanian parliament has adopted a law enabling prosumers with small renewable energy systems to secure self-consumption and deliver surplus energy to the grid without having to obtain any authorization or pay taxes on the energy, the Romanian Ministry of Energy has said in a statement. Romania needs small energy producers that will be able […]
HSE’s net profit plunges 56% in 2017 as electricity production shrinks 10%
Slovenian state power utility Holding Slovenske Elektrarne’s (HSE) net profit in 2017 dropped 56% against 2016, to EUR 19.7 million, as a result of a 10% year-on-year decrease in electricity production, according to HSE’s annual report. HSE’s total electricity production in 2017 was 7,034 GWh, down from 7,778 GWh in 2016. Output at HSE’s hydropower […]
Republika Srpska government proposes new energy sector development strategy until 2035
The government of Republika Srpska, the Serb entity of Bosnia and Herzegovina, has adopted a proposal of the energy sector development strategy until 2035, focusing on the security of supply and the creation of a sustainable and competitive energy sector, local media reported. The document, which has been sent to parliament for a fast-track procedure, […]
FBiH government proposes bill to strengthen polluter pays principle
The government of the Federation of Bosnia and Herzegovina (FBiH) has proposed a bill seeking to strengthen the polluter pays principle and more clearly define the energy efficiency activities of the Environmental Protection Fund, including by renaming it the Environmental Protection and Energy Efficiency Fund. The polluter pays principle envisaged under the bill on the […]
Germany’s RWE eyes solar project in Croatia through JV with HEP
Croatia’s state power utility Hrvatska Elektroprivreda (HEP) expects to launch works on the Kosinj hydropower plant by the end of 2018, while it plans a wind and a solar project in 2019, HEP board member Petar Sprčić has told a conference in Zagreb, noting that he cannot reveal the names of the projects in question. […]
IRENA looking to hire Associate Professional for SEE
The International Renewable Energy Agency (IRENA) has published a vacancy announcement for the position of Associate Professional for South-East Europe (SEE), to be based in Abu Dhabi, the United Arab Emirates (UAE). Under the overall guidance of the Country Support and Partnerships (CSP) Director and the immediate supervision of the Regional Programme Officer, the Associate […]