Friday, January 27, 2023



Serbia signs Memorandum of Understanding with USAID on energy efficiency

The Serbian Ministry of Mining and Energy and USAID have signed a Memorandum of Understanding, setting out plans to cooperate on improving energy efficiency in Serbia.

EIB backs one of the largest solar energy projects in Greece

A new financing, supported by the European Investment Bank and backed by InvestEU, will help support the construction of 3 solar farms in Greece for a total capacity of 230 MWp.

Kosovo sees energy consumption down by 8% in 2022, Minister says

Kosovo's government has allocated around 95 million euros to tackle the ongoing energy crisis, including 78 million euros for a subsidy on an energy price cap and energy efficiency projects, worth 4.5 million euros.

Greece will use new EIB funds for at least 79 mln euros worth of energy efficiency projects

The European Investment Bank (EIB) has signed a new European Local Energy Assistance (ELENA) contract for Technical Assistance with the Greek state to improve energy efficiency in public buildings and other venues.

Green Genius sign deal on biggest solar investment in company’s history

Earlier today, Green Genius and mBank agreed on a transaction worth 46,45 million euros to build 69 MW solar farms in Poland. This marks the largest Green Genius deal in the Polish market to date.

Ukraine Energy Support Fund: Zelensky signs tax exemption laws, as Ukrainian businesses urged to increase engagement

Last week, the Ukrainian President signed new Laws to encourage donation efforts under the Energy Support Fund. Separately, Deputy Minister of Energy for European Integration, Ukrainian urged businesses to participate in tenders for the supply of equipment within the framework of the Fund.

North Macedonia PM provides update on subsidised electricity for domestic food producers

During a parliamentary session last month, the North Macedonian Prime Minister provided an update on his government's response to the ongoing situation on the global energy and supply chain crisis.

Hungarian households won’t pay more for energy until May

Hungarian residential consumers will continue to pay the lowest price for gas and the second lowest price for electricity in Europe, confirmed Hungary's newly established Ministry of Energy, announcing that 2023 won't bring changes in the energy bills of Hungarian households whether they consume below or above the average consumption.

Corporate leaders must understand, quantify and manage climate-related risks, says Cambridge Econometrics

As the EU is stepping up its game in the expectations for mandatory reporting by companies in the coming years, it is key for corporate leaders to understand, quantify and manage their companies' and financial portfolios’ risks, says Cambridge Econometrics.

EU Commission approves 3 bln euros Polish state aid measure to support energy companies

The European Commission has approved a 3-billion-euro Polish state aid to support companies active in the Polish gas market "in the context of Russia's war against Ukraine".

EIB signs 65 mln euros loan to support green maritime transport in Klaipėda

The European Investment Bank (EIB) and Klaipėda State Seaport Authority have signed a 65 million euros loan agreement for the development of Klaipėda seaport in Lithuania.

Financing Hungary’s energy transition: the role of renewables

Hungary aims to achieve a target of consuming no more than 3-4 bcm of gas per year by 2050: the country's energy transition calls for a more diverse renewable energy portfolio and a greater power system flexibility for its integration.

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