The Green for Growth Fund (GGF) has established a partnership with Lovćen banka in Montenegro by signing a loan agreement of EUR 3 million. A new loan facility will enable Lovćen banka to expand its green lending portfolio, providing dedicated financing to businesses investing in sustainable practices and smaller-scale renewable energy projects, GGF said. The […]
From March 5 to 7, Rimini Expo Centre will host the third edition of KEY – The Energy Transition Expo, an event dedicated to the energy transition. Powered by the Italian Exhibition Group (IEG), it will bring together experts, companies, and institutions from Europe, Africa, and the Mediterranean to discuss key topics and innovations in […]
Unveiling its Clean Industrial Deal initiative, the European Commission vowed to raise as much as EUR 100 billion within ten years for its Industrial Decarbonization Bank scheme. It would also mobilize over EUR 100 billion in the short term to support domestic clean manufacturing. Proposed measures from one of the deal’s pillars, the Action Plan […]
During 2024, a total of 64 boiler rooms burning fuel oil, heating oil, or coal were shut down in Serbia’s municipalities of Apatin, Odžaci, and Šid. As part of a public-private partnership project with Negawatt Solutions and B&S Immobilien, members of the EnergyNet group, boiler rooms using high-emission energy sources switched to a cleaner energy […]
The third Belgrade Energy Forum will take place on May 14 and 15, bringing together key players in Southeast Europe’s energy transition. Organized by Balkan Green Energy News, the region’s leading energy news portal, this conference will serve as a hub for representatives from regional and international institutions, organizations, and the business community from the […]
State-owned Monteput is preparing a study on installing solar panels along the Bar-Boljare highway. The company has launched a tender for the development of a techno-economic study of the use of solar potential along the Bar-Boljare highway route for the production and use of electricity. Monteput intends to use the electricity from its solar power […]
MountMed Institute and the University of Cyprus are establishing the country’s first energy cooperative with partners from Crete. In the pilot phase, they intend to build a small hybrid power plant – photovoltaic facility with energy storage – for one hundred households in the Troodos mountain range. The communities of the wider Troodos (Trodos) region […]
Global private equity firm Ardian reached an agreement to acquire France-based independent renewable energy producer Akuo. Akuo, controlled by alternative asset manager ICG, is opening a new chapter under private equity firm Ardian, headquartered in Paris. Founded in 2007 in France, Akuo specializes in wind power, storage and photovoltaics, including agrisolar and floating solar power […]
Global energy demand grew at a faster-than-average pace in 2024. The increase was led by the electricity sector, driven by extremely high temperatures, electrification and digitalization. Renewables and natural gas covered the majority of additional energy needs while renewables and nuclear energy did the same for the growth in power generation, according to the IEA’s […]
With 585 GW of capacity additions, renewables accounted for over 92.5% of power expansion globally in 2024, the International Renewable Energy Agency (IRENA) said. Solar power and wind dominated again, as did China. The country contributed a stunning 63.8% in total, and 61.5% and 70.5% in the two technologies, respectively. It surpassed a 50% share […]