Financing
EIB and Haizea sign €35 million green loan boosting European wind energy sector component manufacturing
The European Investment Bank (EIB) and Haizea Wind Group, a Spanish company specialising in the manufacture of components for the wind energy sector, have signed a €35 million green loan. The loan will enable Haizea to implement advanced manufacturing technologies, automate and digitalise processes and move forward with research and development applied to the manufacture […]
Finance for Renewables in Developing Countries Is on the Rise
Global finance to developing countries in support of clean and renewable energy reached USD 21.3 billion in 2017. This almost doubles the level from 2010 when international financial flows were at USD 10 billion, according to latest figures of a new indicator under the Sustainable Development Goal 7 (SDG). The new indicator, jointly monitored by […]
EBRD launches mobile app promoting green technologies
The EBRD is launching a new mobile app, Tech Selector, which will change how the Bank delivers climate finance to meet the needs of clients who are increasingly using mobile devices for commerce during and beyond the coronavirus pandemic. Technology and digitalisation continue transforming the way in which the financial sector is operating. Innovative applications of digital […]
New EBRD-backed wind farm gets rolling in Turkey
Bank is supporting Akfen Renewables with a combination of debt and equity. The first of four new wind farms in Turkey built by the renewable energy arm of the Turkish conglomerate Akfen Holding and financed by the EBRD has gone into operation. It will meet the electricity demand of 120,000 consumers annually. The EBRD is supporting Akfen […]
Battery Power’s Latest Plunge in Costs Threatens Coal, Gas
Two technologies that were immature and expensive only a few years ago but are now at the center of the unfolding low-carbon energy transition have seen spectacular gains in cost-competitiveness in the last year. The latest analysis by research company BloombergNEF (BNEF) shows that the benchmark levelized cost of electricity,[1] or LCOE, for lithium-ion batteries has […]
