Energy | 31 January, 2025 at 7:48 AM
EBRD and EU fund Serbia's green transition
EBRD and the EU are stepping up their support for Serbia's green transition with a new investment to help boost renewable sources.
EBRD and the EU are stepping up their support for Serbia's green transition with a new investment to help boost renewable sources.
The European bank for Reconstruction and Development (EBRD) has committed an additional €3 billion to its flagship Green Cities programme.
EBRD plans to provide a sovereign loan of up to €100 million to enhance energy efficiency in up to 70 schools across Serbia.
Multilateral Development Banks (MDBs) announced that their global climate finance reached a record high of €118 billion in 2023, a significant increase compared to 2019 levels.
EBRD announced that is considering a €90 million sovereign loan to support the construction of a large solar-thermal plant in Novi Sad, Serbia's second-largest city.
With support from the EBRD, Romania has introduced a Contract for Difference (CfD) mechanism this week aimed at developing renewable energy infrastructure.
EBRD and Raiffeisen Bank International are jointly providing€110 million to finance the construction and operation of two solar photovoltaic power plants.
EBRD will provide a €25.1 million loan to Elektroprivreda Bosne i Hercegovine (EPBiH) to develop and construct a 50 MWp solar power plant on a former coal ash landfill site.
The European Bank for Reconstruction and Development (EBRD) is providing €12.2 million for the construction of two solar power plants in Romania's Dolj County.
EBRD will provide €100 million in funding to Enefit Green for the development and operation of the 255 MW Sopi-Tootsi wind park in Estonia.
This loan aims to enhance these firms' access to leasing finance and strengthen their resilience.
The European Bank for Reconstruction and Development (EBRD) is extending a sovereign-guaranteed loan of up to €28 million to Crnogorski Elektroprenosni Sistem.
The European Bank for Reconstruction and Development (EBRD) provided a loan of €100 million to the distribution subsidiaries of Public Power Corporation SA.
The European Bank for Reconstruction and Development has priced its largest ever green bond transaction, issuing a €1 billion 7-year benchmark.
EBRD will invest €15 million in Eldrive Holding GmbH (Eldrive), a leading regional charging point operator in Bulgaria, Lithuania, and Romania.
EBRD is financing the first private energy deal led by a foreign investor to add renewable generation capacity in Ukraine since February 2022.
EBRD purchased 11% of the shares offered during Premier Energy's initial public offering (IPO), investing €15.5 million.
The European Bank for Reconstruction and Development (EBRD) financed a 10 MW solar power plant in the Feriana region, Tunisia.
EBRD has allocated a €15 million loan to Photon Energy NV (Photon), a prominent regional producer of renewable energy, to bolster its operations in Romania and Poland.
Kinstellar advised BIG Mega Renewable Energy on securing a €92 million financing deal with EBRD and OTP Bank for the construction and operation of the Urleasca wind farm in Romania.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
Polish energy group Orlen announced that its subsidiary, Energa Operator, has secured a €1.8bn loan to modernize the power grid, preparing it for the integration of renewable energy sources.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands.
