Battery storage developer secures £20 million loan

Eelpower aims to install a 150MW battery storage portfolio in the UK

Serbian wind project receives €59.1m in loans

A proposed wind farm in Serbia is due to receive a total of €59.1 million (£53.3m) in loans to finance its construction. IFC is lending €19.1 million (£17.2m) to energy and telecommunications group Elicio, with a further €40 million (£36m) being lent by Unicredit, the Netherlands Development Finance Company (FMO) and Green for Growth Fund […]

Bosnia and Herzegovina power firm gets €15m loan

A state-owned power distribution company in Bosnia and Herzegovina is to receive a €15 million (£13m) loan. The European Bank for Reconstruction and Development (EBRD) and the Taiwanese Green Energy Special Fund (GESF) aim to strengthen the resilience of the Republika Srpska region’s local economy by each lending up to €7.5 million (£6.5m) to ZP Elektrokrajina. The loan will […]

Kazakhstan loaned £21.7m for heat meters in homes

Kazakhstan has received a $27 million (£21.7m) loan to install heat meters in residential buildings. The finance from the European Bank for Reconstruction and Development (EBRD) is intended to continue supporting the nation’s goal to improve its energy efficiency and sustainability credentials, known as the ‘green economy’ strategy. Kazakhstan is a country of extreme temperatures – freezing winters can drop to […]

Green Deal loan to continue in new hands

The Green Deal Finance Company has been bought out by two sustainability-focused finance firms. Greenstone Finance and Aurium Capital Markets yesterday announced the acquisition of the business behind the Green Deal loan scheme, which provided households with accessible financing to improve their homes with energy efficiency measures. These loans will continue to be offered and upheld under […]

Jordanian solar array secures $71m loan

A new solar array in Jordan has secured $71 million (£58.15m) in loans. Global solar developer Fotowatio Renewable Ventures (FRV) will use the money to develop its 67MW Empire project. The European Bank for Reconstruction and Development (EBRD) and finance group Société de Promotion et de Participation pour la Coopération Economique (PROPARCO) are to provide the funds. The installation is one of four projects being […]

Scottish businesses wasting £19k of energy each year

Scottish businesses are wasting around £19,000 a year through inefficient energy use. The Scottish Government is offering interest-free loans to help these small and medium-sized enterprises (SMEs) install energy efficiency measures, according to a new report from Zero Waste Scotland. The loan can be used to pay for a range of green upgrades, including LED lighting, […]

Moroccan energy efficiency gets €35m loan

Three banks are providing €35 million (£30.15m) to help improve energy efficiency measures in Morocco. The money will help small and medium sized businesses implement green projects, as well as being used to offer sustainable energy incentives. Some of the money will also support large construction and energy firms. The European Bank for Reconstruction and Development (EBRD), the Agence Française de […]

EU bank to support energy projects in Hungary

The European Investment Bank (EIB) is lending €500 million (£354m) to Hungary for projects in the areas of transport, energy and the environment. It is the first tranche of an approved loan of €1 billion (£0.7bn) to co-finance projects including flood prevention, waste, energy efficiency, renewal and distribution. The EIB funds will support investments in water, […]

Britain lent £1.5bn for ageing power grid

The EU bank has agreed to provide Britain with a £1.5 billion loan for the nation’s ageing electricity grid. National Grid will use the cash – the largest ever single loan from the European Investment Bank (EIB) – to connect new power generation, upgrade ageing assets and improve network resilience to climate and security risks. […]