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EBRD backs Croatia’s first grid-scale battery storage and virtual power plant
The European Bank for Reconstruction and Development (EBRD) is providing a direct equity investment of up to €16.8 million in IE‑Energy Projekt, a newly established joint‑stock company developing a greenfield battery energy storage system (BESS) and virtual power plant (VPP) in Šibenik, Croatia. EBRD’s investment is approved under the EBRD Direct Finance Framework non-SME. The Project also envisages…
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Taaleri SolarWind III Fund invests in a 112 MW wind farm in Latvia
Taaleri Energia’s SolarWind III Fund has invested in Smiltene, a wind farm located in Latvia, approximately 120 kilometres northeast of Riga. The Fund and AEI, a fund managed by Lords LB Asset Management, are joint owners of the project. Construction work started in Q4 2024, and the wind farm is expected to reach full operational…
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EBRD supports green transition in Croatia with €12.2 million loan for Novalja solar PV plant
The European Bank for Reconstruction and Development (EBRD) is supporting Croatia’s green energy transition with a senior non-recourse project finance loan of up to €12.2 million to RP Global Novalja d.o.o., a subsidiary of RP Global. The financing will enable the development and construction of the 21 MW Novalja solar photovoltaic (PV) plant in Croatia. The…
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EBRD invests €50 million in GEK TERNA
The European Bank for Reconstruction and Development (EBRD) is investing €50 million in a senior unsecured bond issued by GEK TERNA S.A., holding company of GEK TERNA Group in Greece. The €500 million bond, with a seven-year tenor, will be listed on the Athens Stock Exchange. The EBRD’s investment will be used to support GEK TERNA’s…
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EBRD and Moldelectrica Invite to Tender for 400 kV High-Voltage Transmission Line
The European Bank for Reconstruction and Development (EBRD) and SE Moldelectrica have republished on ECEPP the invitation to tender for the construction of the Bălți–Suceava (400 kV) high-voltage overhead transmission line. The announcement appeared on 22 September 2025, with the deadline for submission of tenders set for 12 October 2025 at 15:00, according to the…
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Strategic project brings Moldova closer to integration with the European electricity network
Work on the Vulcănești–Chișinău Energy Independence Line (400 kV) has reached another milestone: 87% of construction is complete and 97 km of cables have already been installed. Teams are working in parallel at both the Chișinău and Vulcănești substations to finish equipment installation and commissioning. The new 157 km overhead transmission route will include more than 500 towers and…
