Serbia: EPS to receive 100-million-euro Italian loan for decarbonisation projects

Italian development bank Cassa Depositi e Prestiti will provide a 100 million euro financing package to Serbian power utility Elektroprivreda Srbije to support the decarbonisation process, EPS said in a press release. The initiative aims to bolster renewable energy use, enhance energy sector security, and promote sustainability, supporting Serbia’s plans for renewable energy expansion and […]

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Serbia: Energy-intensive companies seek state support in the decarbonisation process

Companies in Serbia are not afraid of decarbonisation and the European Union’s Carbon Border Adjustment Mechanism (CBAM), but they are worried that the state does not recognise what needs to be done to help the affected industries protect jobs and maintain competitiveness. Producers of cement, steel, aluminium, and mineral fertilisers claim they need neither money

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Western Balkans: Alcazar receives 490 million USD to finance renewables

Luxembourg infrastructure fund Alcazar Energy Partners II has reached a final closing of US$490 million after successfully acquiring the project rights for its first two wind farms in the Western Balkans, totaling 456 MW. Since first closing in November 2022, the fund has attracted eight additional investors, including the US International Development Finance Corporation (DFC).

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Bulgaria: ICGB initiated binding faze for Greece- Bulgaria gas pipeline capacity expanding

The operator of the Greece-Bulgaria natural gas pipeline, ICGB, launched the binding phase of market testing for expanding the pipeline’s capacity from 3 to 5 billion cubic metres annually. In collaboration with natural gas transmission system operators, ICGB has published notices for the binding phase to gauge market interest in booking the pipeline’s incremental capacity,

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Greece: US DFC interested in participating in the Great Sea Interconnector project

The US International Development Finance Corporation (DFC) has expressed an interest in participating in the Great Sea Interconnector project linking the electrical grids of Greece, Cyprus and Israel via undersea cables, Greece’s Independent Power Transmission Operator (IPTO) has said. With a capacity of 2,000 megawatts and bidirectional capabilities, the interconnector project aims to bolster energy

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Serbia: Nofar Energy to develop the largest solar project in the country

The upcoming unveiling of Serbia’s largest solar park, located in Ada, will mark a significant milestone for Nofar Adria, a company primarily owned by Israeli firm Nofar Energy.  With a total capacity of 26 NW, this solar facility represents a substantial investment of 30 million euros and is expected to generate approximately 33,150,000 kWh of electricity annually.

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Bulgaria: Bulgartransgaz chooses contractors for the Vertical Gas Corridor expansion

Gas transmission operator Bulgartransgaz has successfully finalized the most important public procurement related to the implementation of the Vertical Gas Corridor concept, the company said in a press release. This procurement covers spatial planning, investment design, procurement of necessary materials and equipment, construction, and commissioning of new sites to expand Bulgartransgaz EAD’s gas transmission infrastructure.

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Slovenia: Krsko NPP expansion project estimated at 9.3 to 15.4 billion euros

Slovenian energy group Gen-Energija said an expansion of Krsko nuclear power plant’s capacity by 1,000 MW will cost an estimated 9.3 billion euros. The estimated investment value is 9,300 euros per kW of installed power. This means 9.3 billion euros for 1,000 MW and 15.4 billion euros for 1,650 MW, Gen-Energija’s executive director for finance,

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