GGF supports two large-scale wind farms in Serbia.

GGF supports two large-scale wind farms in Serbia.

The Green for Growth Fund (GGF), advised by Finance in Motion GmbH, has demonstrated its support for Serbia’s commitment to achieve 27 percent of its energy consumption from renewable energy sources by 2020, through recent investments in two of the first large-scale wind farms in the country – the Alibunar wind farm and the Čibuk […]

Greece is preparing to auction 2.6 GW of solar and wind projects.

Greece is preparing to auction 2.6 gigawatts of solar and wind projects to attract investment and beef up the Mediterranean country’s clean-energy credentials. “From now on renewable energy production and prices will be determined by competitive tender process,” said Energy Minister George Stathakis. The “move should encourage investments in renewable energy of 2.5 billion to […]

EBRD and Proparco committed US$ 58 million each for two 50 MW solar PV plants in Egypt.

EBRD and Proparco committed US$ 58 million each for two 50 MW solar PV plants in Egypt.

Egypt has taken a major step forward in its use of renewable energy sources with the support of the European Bank for Reconstruction and Development (EBRD) and Proparco, a French financial institution that supports private sector development projects in emerging economies. The two institutions have together provided US 116 million of financing for the construction […]

Terra Energy set to get a loan from EBRD.

A project summary document released by the European Bank for Reconstruction and Development targets a board decision on July 20 for the approval of a senior secured loan of up to EUR 50 million to Terna Energy SA. The package for a project with a total cost of EUR 60 million is considered to be […]

EU and EBRD help to upgrade Bishkek’s waste collection fleet.

EU and EBRD help to upgrade Bishkek’s waste collection fleet.

The city of Bishkek took delivery today of 30 specialised trucks for waste collection, acquired for a project to modernise solid waste management and part of a comprehensive environmental improvement programme for the Kyrgyz capital. Previously, the city had received over 5,000 waste containers. An official ceremony marked the handover of the specialised waste collection […]

TerniaEnergia to build 47 MW solar power plant in Egypt.

Italian energy company TerniaEnergia has secured an order worth approximately USD 19.2 million for the construction of an industrial-scale solar power plant in Egypt with a total capacity of 47 MW. The company acquired the order on behalf of “an Italian leading utility,” the renewables, energy efficiency and waste management firm announced in a statement […]

Hydropower across the Himalayas – challenges and opportunities.

Hydropower across the Himalayas – challenges and opportunities.

As the International Hydropower Association – a membership organisation representing the global industry – releases its annual report takes a look at key trends in the sector: Climate proofing hydropower Changes in rainfall and water availability, protracted droughts, fluctuating temperatures, and more frequent and severe weather events, including floods, are already impacting the hydropower sector. As such, […]

Nurek Hydropower Plant Rehabilitation Project discussed.

Nurek Hydropower Plant Rehabilitation Project discussed.

Issues related to financing the Nurek Hydropower Plant Rehabilitation Project were discussed here on May 18 at a meeting of Tajik Finance Minister Abdusalom Qurboniyon with a delegation of the World Bank, led by Ranjit Lamech, the Sector Manager for Energy in the Europe and Central Asia Region. Patricia Veevers-Carter, the World Bank Country Manager […]

Burnley Solar awarded by EBRD, Kazakhstan sees first solar.

Burnley Solar awarded by EBRD, Kazakhstan sees first solar.

The EBRD has recognised a renewable energy project in Kazakhstan, the Burnoye Solar plant, at its annual Sustainability Awards announced during the Bank’s Annual Meeting in London on 12 May 2016. These awards are given to EBRD-supported projects which lead the way in sustainable development, including the low-carbon economy, and go beyond simply following EBRD […]