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 […]
Italian official to lead IRENA over the next four years
The International Renewable Energy Agency (IRENA) Assembly has selected Francesco La Camera to be the next Director-General of IRENA. La Camera will take office on April 4, 2019, succeeding Adnan Z. Amin, who has been IRENA Director-General since 2011, IRENA said in a press release. The new Director-General was appointed during the 9th Assembly of […]
GGF boosts Ohridska banka’s green lending portfolio
The Green for Growth Fund, Southeast Europe (GGF) is providing EUR 4 million in funding to Ohridska banka, part of Société Générale Group. Macedonia imports over 40 percent of its primary energy; almost 80 percent of the electricity generated domestically stems from fossil sources, mainly coal, two institutions said. Ohridska has recognized the importance of […]
JinkoSolar to supply 50 MW of solar panels to Tegnatia
Photovoltaic industry supplier JinkoSolar Holding Co., Ltd. announced it would supply panels of 50 MW overall capacity to Turkey’s renewable energy developer Tegnatia. According to the agreements signed by both parties at the beginning of 2015, the equipment will be delivered in several shipments bound for projects across Turkey. Tegnatia is a joint venture between […]
VIP regional agency took part in Vienna finance forum
Vojvodina Investment Promotion, Serbia’s autonomous province’s agency, participated in Amstad Global’s conference Project Finance in Renewable Energy 2015 and said it presented potentials for investment and legal framework. Numerous companies from Great Britain, Germany, Austria, Poland and other countries took part in the event, as did the representatives of the European Renewable Energy Federation and […]