The European Union plans to double its support to small and medium-sized enterprises in the 2025-2027 period for investments in energy efficiency and decarbonization. The European Commission and the European Investment Bank (EIB) Group have launched a EUR 17.5 billion financing initiative. According to the commission, more than 350,000 companies across Europe are set to […]
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 […]
INVL Renewable Energy Fund I has secured a EUR 29.3 million loan for the installation of solar power plants with a capacity of 71 MW in Romania. INVL Renewable Energy Fund I, managed by INVL Asset Management, invests in renewable energy projects. The new EUR 29.3 million loan agreement has been signed with Kommunalkredit Austria […]
US-based bank Citi and Bulgaria have established a partnership to secure funding for the construction of units 7 and 8 at the existing 2,000 MW Kozloduy nuclear power plant. Bulgaria’s Ministry of Energy said minister Zhecho Stankov and his delegation have held final talks in New York with Citi’s management. Following a detailed review and […]
The European Commission has estimated that EUR 241 billion in investment is needed for the implementation of member states’ plans for nuclear energy until 2050. It includes extending the lifetime of existing power plants and building new large-scale reactors. Additional investment is needed for small modular reactors (SMRs), advanced modular reactors (AMRs), and microreactors, as […]
SunCarlito Beta has offered tokens worth EUR 1.7 million to raise funds for installing a 2.2 MW solar power plant near the northern Serbian city of Subotica. The deadline to purchase the tokens is July 9. Investors can buy 3,402 tokens called Solar Token ST_1, priced at EUR 500 each. This is the second token […]
Serbia has revised its Baselines of the Energy Infrastructure Development Plan and Energy Efficiency Measures for the period up to 2028, with projections up to 2030. It defines priority projects in the energy sector. The Baselines of the Energy Infrastructure Development Plan and Energy Efficiency Measures were adopted in mid-2023 at the proposal of the […]
Technologies for the energy transition already exist, and their use is increasing thanks to falling costs. Investors and bankers claim they are ready to invest and that money isn’t an issue. The missing part are upgraded transmission grids, along with policies and regulations to integrate everything into a suitable environment, according to investors and lenders […]
Montenegro, Serbia, and the Republic of Srpska don’t have a problem attracting investments in electricity production, but they do have issues when it comes to investments in transmission networks. If the introduction of CBAM is not postponed, it will greatly burden their economies. Hungary is interested in strengthening energy ties with them as well as […]
The first tokenization in Serbia’s energy sector has been completed, with AVR Solar Park selling 80% of AVR Solar Tokens, worth EUR 600,300, out of EUR 725,000 on offer. The company emphasized that this innovative financing model has the potential to address the issue of unfavorable financing conditions in the Serbian market. The recepits from […]