Serbia's government has signed a €100 million loan agreement with the European Investment Bank (EIB) to refurbish the Bistrica and Potpec hydropower plants in the country's west.
EBRD and the EU are stepping up their support for Serbia's green transition with a new investment to help boost renewable sources.
Belgrade abounds in underground thermal springs. A study conducted by the Faculty of Mining and Geology has shown that 6 out of the 18 district heating plants in Belgrade have the potential for utilizing geothermal energy.
Serbian conglomerate MK Group and Slovenian investment fund Alfi Green Energy are investing €155 million in the Krivaca wind farm, in eastern Serbia.
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.
