The European Bank for Reconstruction and Development (EBRD) has supported the Ministry of Mining and Energy in designing and implementing Serbia's second renewables auction.
Serbia's government has signed a €100 million loan agreement with the European Investment Bank (EIB) to refurbish the Bistrica and Potpec hydropower plants in the country's west.
EBRD and the EU are stepping up their support for Serbia's green transition with a new investment to help boost renewable sources.
Belgrade abounds in underground thermal springs. A study conducted by the Faculty of Mining and Geology has shown that 6 out of the 18 district heating plants in Belgrade have the potential for utilizing geothermal energy.
Serbian conglomerate MK Group and Slovenian investment fund Alfi Green Energy are investing €155 million in the Krivaca wind farm, in eastern Serbia.
Microsoft has achieved its goal of matching 100% of its annual global electricity consumption with renewable energy, reaching the milestone five years ahead of its 2025 target. The achievement supports the company's commitment to become carbon negative by 2030.
The recent weakening of the CSRD may have some real estate developers cheering the compliance rollbacks, but the consequences could be complicated. A new research survey examines how EU real estate firms are navigating changes to the CSRD, and what that could mean for upcoming SFDR revisions.
Waldevar Energy has begun construction on two utility-scale photovoltaic parks for Doral Energy in Tudor Vladimirescu (Brăila County) and Ștefan Vodă (Călărași County), Romania. The projects will deliver 14 MWp of installed capacity using around 25,000 photovoltaic panels.
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
