EU/ERBD News
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Alongside wind, solar and hydro, biomass is expected to play a large role in delivering the EU’s ambitious target of generating 20% of the energy it uses from renewable sources by 2020, European experts believe. When thinking of Europe’s energy sector in 2020, most people picture wind turbines. And while it is true that onshore, and increasingly...
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Source: WWF International
Jan. 21, 2010
Russia has opted to reopen a notoriously polluting paper mill on Lake Baikal, reversing long-time protections to the UNESCO World Heritage Site.
Russian Prime Minister Vladimir Putin last week issued a new decree on the inclusion of “corrections”...
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Source: European Bank for Reconstruction and Development
Jan. 19, 2010
€60 million syndicated loan to build Suvorovo wind farm
The EBRD is supporting the development of renewable energy in Bulgaria with a €60 million syndicated loan to Eolica Bulgaria to finance the development...
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The EBRD Board of Directors has approved an equity investment of up to EUR 125 million via capital increase in Iberdrola Renewables Polska Sp. z.o.o. (IBR Polska) and Iberdrola Renovables Magyarország Kft (IBR Magyar), wind farm developing companies operating in Poland and Hungary respectively.
The EBRD equity investment will help IBR Polska and IBR...
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Joint statement by Multilateral Development Banks and the IMF in anticipation of the Copenhagen Conference
The heads of the world’s leading international financial institutions today called for...
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$120 million financing helps diversify Azerbaijani economy
The EBRD is supporting the diversification of the economy in Azerbaijan with a $120 million loan to Azerbaijan Methanol Company (AzMeCo).
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Focus on Ukraine funding as donors hold pledging conference in Stockholm
International donors have agreed to provide grants of €90 million to promote energy efficiency investments in Ukraine and...
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The European Bank for Reconstruction and Development has adopted a new strategy for the Russian Federation under which it will over the next three years give priority to economic diversification, supporting the real sector...
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Boosting energy savings in Bulgaria
Kozloduy Decommissioning Fund supports public buildings programme with €5 million grant
The Kozloduy International Decommissioning...
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Parent Banks Reaffirm Commitment to Romania
In a meeting of the European Bank Coordination Initiative Group, held today in Brussels, the parent banks of the nine largest banks operating in Romania reaffirmed their commitment to maintain their exposure to the country...
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