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Montenegro – Construction of the “Gvozd” Wind Farm Begins
The construction of the “Gvozd” wind farm has officially started in Montenegro, marking the first major production facility that Elektroprivreda Crne Gore (EPCG) is building after more than 40 years. The project, initiated in 2019, is valued at 82 million…
Diversification of Energy Sources: North Macedonia Turns to Azerbaijan
North Macedonia has signed an agreement with the State Oil Company of the Republic of Azerbaijan (SOCAR) to enhance its energy security. The partnership, formalized through a Memorandum of Understanding on cooperation in the energy sector, focuses on diversifying natural…
Sustainable Banking for a Secure Future
For over two decades, ProCredit Bank has been working diligently to reduce its direct and indirect impact on the environment. Their commitment to achieving zero carbon emissions is reflected in their investments in renewable energy sources and the incentives they…
Energy Initiatives at COP29 – What Can We Expect?
The 2024 United Nations Climate Change Conference (COP29) places significant focus on energy as one of the key sectors in combating climate change. In light of this, the COP29 Presidency has officially launched three energy initiatives, inviting stakeholders to lend…
The Energy Sector Rated Highest According to the White Book of the Foreign Investors Council
According to progress in implementing recommendations from the White Book by the Foreign Investors Council, the energy sector has emerged as the leading sector. Out of a total of eight recommendations for the energy sector, significant progress has been achieved…
COP29: New Initiatives and Financing for Combating Climate Change and Achieving Peace
The first week of the 2024 United Nations Climate Change Conference (COP29), held in Baku, has concluded, with the event running until November 22. As previously reported, the opening days were marked by several key moments. Among them was reaching…
Green Financing: Erste Bank as a Leader in Sustainable Investments and Energy Efficiency Support
By investing in more than 70 green projects so far, Erste Bank has significantly contributed to the reduction of harmful gas emissions, the increase of electricity production from renewable sources and the positive impact on local communities. These projects represent…