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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 […]

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