Bulgaria to launch EUR 33 million renewables, energy efficiency, energy security program
Bulgaria is preparing to launch its Renewable Energy, Energy Efficiency and Energy Security Program, with an estimated EUR 33 million budget to finance street lighting, geothermal and hydropower utilization, energy efficiency in buildings, and other projects, the Ministry of Energy has said on its website. For the first time in the current programming period, beneficiaries […]
ERS to build 1,000 MW renewable energy power plants over next 10 years
Public power utility Elektroprivreda Republike Srpske (ERS) aims to invest EUR 1.25 billion in 1,000-MW renewable energy power plants over the next 10 years, said ERS general manager Luka Petrović. As the company has an enormous potential to use renewables, the ERS strategy is to build 1,000 MW renewable energy power plants over the next […]
IRENA invites students to apply for summer trainee program
The International Renewable Energy Agency (IRENA) has invited applications for its annual summer trainee program, with selected students to be offered a 4 to 8-week placement at the IRENA Headquarters in Masdar City, Abu Dhabi between July and August 2019. GROWTH@IRENA is a summer trainee program that aims to provide undergraduate students with opportunities to […]
Bulgaria to remove electricity export tariff from July 1, take 750 MW of renewables to free market
Bulgaria’s electricity export tariff will be abolished from July 1, according to a draft proposal of changes to the energy law, the ICIS portal reported. The changes will also bring 750 MW of renewable capacity to the free market, creating more competition and liquidity. Some changes are related to how quotas for the regulated market […]
Renewable energy reaches one-third of global power capacity at end-2018
Renewable capacity expansion continues to be driven mostly by new installations of solar and wind energy, which accounted for 84% of all new capacity installed in 2018, finally pushing the overall share of hydro to just under 50%. For the first time total renewable energy generation capacity reached a third of total installed electricity capacity, […]
North Macedonia, Montenegro, BiH announce shift in regulatory framework, tendering for renewables
North Macedonia, Montenegro, Bosnia and Herzegovina, and partly Serbia, among other Energy Community Contracting Parties, are about to make some major changes in the renewable energy sector. The regulatory framework is being changed, and tendering for solar and wind power is to be introduced. These are some of the highlights from the 7th Energy Community […]
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 […]
GGF extends EUR 10 million to Ohridska to on-lend for renewable energy, energy efficiency projects
The Green for Growth Fund (GGF) has announced its second senior facility of EUR 10 million for Ohridska Banka to support the bank’s on-lending to renewable energy and energy efficiency projects. The measures and projects financed by this extended facility are expected to yield annual primary energy savings of around 26,330 MWh and CO2 emission […]