EBRD urges Western Balkans to replace 18 GW of coal with renewables
The EBRD has released a brief urging Western Balkan countries to both replace their aging lignite coal generation capacity with renewables, and to rethink their 18 GW plans for new coal capacity. While the region offers favorable conditions for various types of renewable generation, it has been slow on the uptake to date.
EBRD inks loan agreement for 100 MW in Kazakhstan
The European Bank for Reconstruction and Development (EBRD) and Joachim Goldbeck Holding GmbH have joined forces for the construction of a 100 MW in the Karaganda region of Kazakhstan.
$200 million earmarked for green projects in Lebanon
The European Bank for Reconstruction and Development (EBRD) yesterday unveiled details for Lebanon’s first Green Economy Financing Facility (GEFF), the largest thus far in the bank’s Southern and Eastern Mediterranean region (SEMED). The GEFF program is set to address key issues of energy security, efficiency and sustainability for the Middle Eastern country.
EU provides €6m lending facility for Albanian energy efficiency measures, including PV panels
The owners of private buildings will be eligible to borrow for measures including solar panels and insulation, with the funds to be distributed by the domestic Union Bank.
EBRD loan for 28 MW solar project in Kazakhstan
The European Bank of Redevelopment and Construction (EBRD) will provide financing for an up to 28 MW solar PV park, to be developed by Nomad Solar in Kazakhstan.
Moldova plans to hold RE auctions in 2019 and 2020
The eastern European nation is being assisted by the European Bank for Reconstruction and Development with the creation of tender documentation for renewable energy auctions.
Renewables are now the cheapest source of energy, says EBRD
Announcing its participation at the FT Climate Finance Summit in London, the bank says that through targeted financial commitments, increasing competition and progressive policy changes, prices for renewable energy resources have come down to US$0.025/ kWh in Egypt and Jordan, for example. The bank calls for a change in investment practices to further this development.
Akfen Renewable Energies to receive $363 million loan for PV & wind projects
Turkey’s Akfen Renewable Energies this week signed a new $363 million loan with six international and Turkish banks, to build 327 MW of new solar and wind power capacity.
Turkey: 30 MW of licensed capacity under construction
Turkey has tendered 600 MW of PV capacity, very little of which has been installed to date. A new 30 MW solar PV project, however, is currently under construction.
Enerray and Suntech ink contract for supply of 116 MW of modules for Benban
Italian developer Enerray is progressing three PV plants in Egypt’s Benban complex. The modules will be supplied by the Chinese manufacturer
