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August 27, 2025
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Croatian Bank for Reconstruction and Development secures EUR 50 million for firms for green investments

The Croatian Bank for Reconstruction and Development has secured EUR 150 million from the European Investment Bank, of which at least one third is dedicated to green investments by businesses in the country.

A new finance contract with the European Investment Bank (EIB) provides EUR 150 million to finance projects of mid-caps, large private companies and public entities in Croatia, the Croatian Bank for Reconstruction and Development (HBOR) said.

The loan particularly promotes green investments. It is the first tranche of a new EUR 350 million financing agreement between the EIB and HBOR to expand access to financing for Croatian companies.

The package will be deployed via direct lending by HBOR and through commercial banks and other financial intermediaries.

At least 30% of the financing is for projects contributing to green transition

At least 30% of the financing is for projects contributing to green transition, including investments in energy efficiency, renewable energy sources, sustainable construction and clean transport, Croatia’s bank noted.

According to EIB Vice-President Teresa Czerwińska, the initiative will expand financial support to a broad range of Croatian companies and public entities, with a strong emphasis on climate action and sustainability.

The operation is structured as a multi-beneficiary intermediated loan (MBIL). In addition to advancing the European Union‘s goals to promote climate action and environmental sustainability, it will help foster economic activity and social cohesion across Croatia, HBOR said.

The EIB and HBOR have concluded 28 finance contracts worth EUR 3.8 billion overall

HBOR will ensure, as it has so far in cooperation with EIB, that all end-beneficiaries comply with relevant national and EU legislation, with a special focus on preserving environmental, climate and social standards.

The new financing further reinforces HBOR’s role in supporting green and climate-resilient projects, contributing to the achievement of the strategic goals of Croatia and the European Union for the ​​green transition, according to Hrvoje Čuvalo, President of the Management Board of HBOR.

EIB and HBOR have concluded 28 finance contracts so far, worth EUR 3.8 billion, for financing more than 8,000 projects across Croatia.

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August 21, 2025
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Prosumers in Romania are neck and neck with commercial PV plants in capacity

The latest data showed that prosumers in Romania don’t have a much larger total capacity anymore than commercial solar power plants, a segment accelerating in expansion. The share of units for self-consumption that include energy storage reached 5.8% in the first half of the year, compared to 1.2% six months earlier.

Total number of prosumers in Romania increased by 8,950 in June, to 237,252, Profit.ro reported. The installed capacity, consisting overwhelmingly of photovoltaic panels, rose by 95 MW, to 2.82 GW, the media outlet added, citing data from the National Energy Regulatory Authority (ANRE).

Total installed capacity of large, commercial solar parks is 2.77 GW, according to the article. Both segments are expanding strongly, but the latter has lately accelerated, with new utility-scale PV facilities coming online week after week. Of note, wind power and battery energy storage systems (BESS) are catching up.

On that note, 5.8% of prosumers also had batteries integrated with their self-consumption units on June 30. It compares to 1.2% at the end of last year.

Prosumers have led the energy transition for the past two years. Their overall capacity surpassed 2 GW just a year ago, translating to 37% growth in ten months.

Output in the segment amounted to 434 GWh in the first half of the year, where net domestic consumption declined 1% and net energy production surged 10%. Namely, as the duration of the daily solar radiation interval rose, prosumers in Romania drew less power from the grid and consumed more of what they generated themselves.

At the end of the first half of 2025, 210,714 households were prosumers, versus 26,538 legal entities. They had 1.34 GW and 1.48 GW installed, respectively.

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August 21, 2025
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Winners of 2025 Just Transition Young Voices Awards revealed

Tringë Shkodra, Ani Gogokhia, and Kateryna Pereloma have been announced as the winners of the 2025 Just Transition Young Voices Awards. The award was created to amplify the voices of young adults under 30 who are set to shape the region’s climate, energy, and social landscape in the years ahead. It is organized by the Energy Community Secretariat in collaboration with Bankwatch, CAN Europe, the CLEW Network, and the Regional Youth Cooperation Office, with Balkan Green Energy News serving as the media partner.

Young people aged 18-30 across Albania, Bosnia and Herzegovina, Kosovo*, Montenegro, North Macedonia, Serbia, Moldova, Georgia, and Ukraine had the opportunity to submit their original, fact-based articles that explore how their communities are navigating the shift away from fossil fuels. Recognizing that youth are essential agents of change, the 2025 Just Transition Young Voices Awards aimed to provide a platform for creative and solution-oriented journalism addressing the challenges and opportunities of a just transition.

“Across South East and Eastern Europe, the energy transition will succeed only if it is inclusive and regionally connected. The voices of young people are central to that effort, and this award shows the depth of talent and commitment they bring”, said jury member Marta Schulte-Fischedick, from the Energy Community’s Green Deal Unit.

The winning stories highlight the opportunities of the green transition while tackling its complex challenges, from unequal access to clean energy to the impacts of war, migration, and poverty. Together, they reflect how communities across South East Europe are striving to build sustainable and resilient energy systems in fair and inclusive ways.

The winning stories highlight the opportunities of the green transition while tackling its complex challenges

Tringë Shkodra (26, Kosovo*) won the first award, a paid one-month internship with the Energy Community Secretariat. Her article focuses on Kosovo’s just energy transition and the shift away from coal. She traces its reliance on lignite as an environmental liability, public health and social justice crisis, calling for faster, more inclusive reforms that empower youth.

The second award went to Ani Gogokhia (18, Georgia) for her personal story, which highlights how everyday challenges related to low salaries, migration, pollution, and health issues reflect the dangers of an inequitable energy transition in Georgia. She will receive a fully funded opportunity for a fact-finding mission on energy transformation in the Western Balkans with Bankwatch.

Kateryna Pereloma (22, Ukraine) came in third for her report from Kyiv. She documented how communities are responding to the war by embracing sustainability through solar energy, recycling, urban gardening, green startups, and youth-led initiatives. Her award is to participate in the Training for Journalists on Climate Disinformation in the Western Balkans, hosted by CAN Europe in Ohrid, North Macedonia, this September.

The winning pieces will be published on Balkan Green Energy News and other partner platforms.

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* This designation is without prejudice to positions onstatus and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
August 21, 2025
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Econergy’s 87 MW Oradea solar park in Romania starts commercial operation

Econergy Renewable Energy connected its 87 MW Oradea solar power plant to Romania’s national grid and began commercial operation.

Oradea solar farm, with a capacity of 87 MW, is Econergy’s fourth photovoltaic plant in Romania. With the addition, the company’s operational and ready-to-connect capacity in the country has reached 447 MW. It is building another 788 MW and expects to start building another 559 MW by the end of 2025, according to the latest update.

Econergy operates Romania’s biggest PV plant, Rătești, in an equal partnership with Nofar Energy. They inaugurated the facility with 154.7 MW in peak capacity in 2023. The other two are the Părău solar park of 92 MW in peak capacity, near Brașov, developed in a 50:50 joint venture with RGreen Invest, and the Scurtu Mare facility of 55 MW in peak capacity, where Phoenix Holdings is a minority partner.

Econergy plans to add a 68 MW co-located battery energy storage system to the Oradea project

As part of its strategy to integrate storage solutions, Econergy plans to add a 68 MW co-located battery energy storage system (BESS) to the Oradea facility. The storage system is anticipated to increase the project’s economic value by generating new revenue streams, facilitating grid balancing services, and optimizing electricity sales through price arbitrage.

The Oradea solar power plant was developed in partnership with Israeli financial services firm Phoenix Holdings, which has invested more than EUR 225 million in Econergy’s Romanian and Polish projects.

“The successful connection of Oradea marks another important milestone for Econergy in Romania. This achievement underscores our ability to deliver large-scale renewable projects while advancing our strategy of integrating storage solutions to maximize value for our stakeholders. We are proud to strengthen our partnership with Phoenix Holdings as we continue to expand our renewable energy platform across Europe”, said Eyal Podhorzer, CEO of Econergy.

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August 20, 2025
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Google secures 50 MW of nuclear power for data centers

Google has secured a new source of clean energy for its data centers in the US states of Tennessee and Alabama through collaboration with nuclear technology company Kairos Power and public power utility Tennessee Valley Authority (TVA). The deal involves a 50 MW advanced nuclear reactor to feed TVA’s grid, which supplies the tech giant’s data centers.

Kairos Power’s advanced nuclear facility Hermes 2, which is set to go online in 2030, will supply electricity to the grid under a power purchase agreement (PPA) with TVA. It is the first-ever offtake agreement in the United States for a generation IV reactor.

Hermes 2, located in Oak Ridge, is the first facility under Kairos Power’s broader deal with Google to enable 500 MW of new, advanced nuclear capacity to come online by 2035, aimed at supporting Google’s growing energy needs. The long-term agreement, signed in October 2024, involves the deployment of multiple small modular reactors (SMRs), Google recalled.

Google’s long-term deal with Kairos involves deploying 500 MW of nuclear capacity by 2035

Amanda Peterson Corio, Google’s Global Head of Data Center Energy, said the collaboration would speed up the deployment of innovative nuclear technologies and help support the needs of the growing digital economy while also bringing firm carbon-free energy to the electricity system.

As part of efforts to meet its growing energy needs, Google recently signed the world’s largest corporate PPA for hydropower. The agreement, signed with global investment firm Brookfield, involves developing 3 GW of hydropower capacity in the United States.

Google has signed similar deals for hydropower, geothermal, and fusion energy

Google has also signed similar agreements for next-generation geothermal energy as well as for fusion energy. The company recently revealed plans to invest over USD 25 billion in data center and AI infrastructure in the next two years.

Rapid AI development and digitalization are making power supply crucial for tech companies. Goldman Sachs Research forecasts that global power demand from data centers will increase by 165% by 2030 from the 2023 level.

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August 20, 2025
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University in Antalya signs deal for 50.4 MW solar power plant

Akdeniz University in Antalya established a partnership with Kopuz Group, which will build and operate a solar power plant of 50.4 MW in peak capacity. The company is completely covering the cost for the facility, which they expect to meet the university’s entire electricity needs.

Municipal authorities in Turkey are emerging as a pillar of the country’s energy transition. They are not only covering public buildings with solar panels, but also investing in larger ground-mounted photovoltaic systems. The trend has also spread to sports venues, particularly football stadiums, alongside educational institutions, infrastructure and transportation including railways, and a range of other social, industrial and commercial activities. Akdeniz University in Antalya particularly stands out with its new deal.

Rector Özlenen Özkan said the aim of the project for a solar power plant of 50.4 MW is to meet the entire electricity demand at the complex home to some 100,000 people. Antalya, located on the Mediterranean coast, was one of the first cities in Turkey that introduced solar power for their own needs.

Akdeniz University to offtake 24% of PV plant’s output

A partnership was launched with Kopuz Group and Kopuz Energy, selected through a tender. The company will build the facility in Yeşiloba in the Korkuteli district. The cooperation works under a build-operate-transfer model, for 25 years.

The private partner bears all the costs of construction and commissioning, estimated at EUR 52.6 million. The company has two years to complete the PV plant, by far the biggest among all universities in Turkey. It is also the largest public-private partnership involving a university, in the solar power segment, Rector Özkan stressed.

The solar power plant will save EUR 2.3 million in electricity costs

In her words, the facility will generate 100 GWh per year, of which Akdeniz University would offtake 24%. The deal will lower its electricity costs by 31%, Özkan added and pointed out that it translates to EUR 2.3 million. The electricity bill of the university hospital in July amounted to almost EUR 650,000, she revealed.

The site for the PV plant is in a mountainous area and on non-agricultural land, Özkan pointed out.

Antalya is in Turkey’s top league in energy transition

As for the Antalya Metropolitan Municipality, it has almost 15 MW in peak capacity in 22 PV units in operation or under construction. They include a 5 MW ground-mounted solar farm.

The facilities cover more than half of the electricity needs of the local authority. Notably, it uses solar power to assist farmers, produce drinking water and treat wastewater.

According to the city government, Antalya is the first in Turkey to generate and store its own electricity. Moreover, it produces energy from waste and biomass.

A major solar cell factory located just outside the city is undergoing expansion and the complex will also make PV panels. Turkey hosts more than 23 GW of solar power capacity.

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