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CEZ Group is withdrawing from the Bulgarian market after 17 years of operation

After starting the divestment process in 2017 with the sale of the decommissioned Varna coal-fired power plant, CEZ Group is withdrawing from the Bulgarian market after 17 years of operation.

Dentons advises finance of Poland’s largest wind farm

Denton's teams in Warsaw have advised several financing institutions, including the EBRD, DNB Bank Polska, mBank, Bank Pekao and PZU, on the financing granted to Potęgowo Mashav for the extension of the Potęgowo wind farm.

A new loan to support domestic energy efficiency in Kosovo

More homeowners in Kosovo will be able to invest in domestic energy efficiency improvements thanks to a new 5 million euros credit line the EBRD is extending to Raiffeisen Bank Kosovo.

EBRD new loan to ERU Trading supports competition and security of supply in Ukraine

With a new loan of 10 million euros to ERU Trading, the EBRD is supporting competition and security of supply in the energy sector in Ukraine.

EBRD new financing to help Electrica Group build a resilient distribution network in Romania

The EBRD is extending a 40 million euros loan to Distributie Energie Electrica Romania, the electricity distribution subsidiary of Electrica Group to build a resilient distribution network with enhanced efficiency and ready to integrate more renewable projects.

World Bank approves 212 million US dollars financing package for Ukraine’s power grid synchronisation

The World Bank approved a 212 million US dollars financing package for a new project in Ukraine that will enhance the flexibility of the power system to help synchronise it with the European electricity grid.

NRRP: Romania sets tight deadlines for changing the Energy Law to boost RES and promises to deliver a hydrogen strategy by 2022

Only for green energy, gas and hydrogen, Romania hopes to unlock 1,6 billion euros from the Recovery and Resilience Facility with projects that seem more like a list of wishes than a clear development plan, especially given the network restrictions and unclear regulations, experts say.

EBRD invests 42.5 million euros in CTP’s green Eurobond issue

The EBRD has invested 42.5 million euros in a 500 million euros green Eurobond issue by real estate company CTP NV to finance the development and acquisition of sustainable industrial parks in Hungary, Poland, Romania, Serbia and Slovakia.

Erste Group finances first private wind project in North Macedonia

Financing totalling 51 million euros has been arranged by Erste Group for North Macedonia’s first private wind energy project, Bogoslovec, which will have an aggregate capacity of 36 MW.

Lithuania allocates additional funding for people to install solar power plants

Lithuania's Ministry of Energy will allocate an additional 2.4 million euro in financing from the Cohesion Fund for people who want to install solar power plants.

EU approves investment of 216 mln euro to modernise the thermal energy transmission system of Bucharest

The European Commission has approved an investment of 216 million euro from the Cohesion Fund to modernise the thermal energy transmission system of Bucharest, one of the largest in the world, supplying over 1.2 million people with heat and hot water.

EIB: we will clearly be supporting Romania’s “green” transition

The European Investment Bank says the investments required to upgrade the Romanian energy sector and to place it on the energy transition path is significant. The financial effort must become a “joint-venture” between the public and private sector.

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