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Energy
EBRD Loans USD 100 Million to Boost Renewables in Turkey
The European Bank for Reconstruction and Development (EBRD) is extending up to USD 100 million in financing to Adnan Polat Enerji Yatirimi A.S. (APEY) as part of a financing package jointly provided by Turkiye Is Bankasi, Turkiye Sinai Kalkinma Bankasi…
Support for Fossil Fuels Almost Doubled in 2021, Slowing Progress Toward International Climate Goals, According to New Analysis From OECD and IEA
Major economies sharply increased support for the production and consumption of coal, oil and natural gas, with many countries struggling to balance long standing pledges to phase out inefficient fossil fuel subsidies with efforts to protect households from surging energy…
EBRD Provides USD 127 Million Loan to Turkey’s Isbank
The European Bank for Reconstruction and Development (EBRD) is providing USD 127 million in new funding to Isbank for on-lending to women-led businesses and to facilitate Turkey’s transition to a green economy. The financing is being made available through the…
EBRD Lends EUR 43 Million to Taaleri-ENCRO JV for Two Wind Farms in Croatia
The European Bank for Reconstruction and Development (EBRD) is helping to speed up Croatia’s transition to clean energy by helping to finance the construction of two new wind farms. The bank is extending a EUR 43 million loan to Kunovac…
Energy Security: France Takes Emergency Measures to Boost Renewables
France gets around 20 per cent of its electricity from renewable sources – 8 per cent from wind energy, but it needs more to meet its climate goals while reinforcing energy security. The war in Ukraine and disruptions in its…
Why Don’t Solar Panels Work as Well in Heatwaves?
Heatwaves are good for generating solar energy – right? Well, yes and no. Recent hot weather has generated record amounts of solar power. Germany broke a new record for solar power generation, and, in the United Kingdom, solar power met…
EU plan to cut gas use by 15 per cent set to come into effect
An EU plan to cut gas consumption across the bloc by 15 per cent to cope with an energy price crisis spurred by Russia’s war in Ukraine comes into effect on Tuesday (9 August). The EU regulation enshrining the plan…