North Macedonia’s power utility Elektrani na Severna Makedonija has secured a EUR 1.5 million grant to strengthen its capacity and accelerate the energy transition. Elektrani na Severna Makedonija (ESM) made a major step toward a market-driven green transformation with a grant implementing agreement with Germany’s KfW Development Bank. The agreement formalizes a EUR 1.5 million […]
Sofia-based Sunotec signed an agreement with oil and gas major Shell on the development of battery energy storage systems in Central Eastern Europe. Sunotec is developing projects for large solar and battery energy storage systems (BESS) in Europe while Shell is one of the leading oil and gas companies in the world. Sunotec said it […]
Power utility Elektrani na Severna Makedonija estimated that it requires EUR 3 billion by 2040 to replace electricity from its lignite-fired power plants. According to member of the Board of Directors Ivan Stojanovski, the state-owned company is preparing investments in gas power plants, solar, wind, hydropower and energy storage. He highlighted its plans for a […]
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 […]