Commodity Inside

  • Login
  • MY CART
    No products in cart.
  • Home
  • Reports & Data
    • Commodities
      • Steel Market
      • Raw Materials and Base Metals
      • Glass and Plastics Market
      • Energy Market
    • End Users
      • Automotive Market
      • Construction Market
      • Electronics Market
      • Packaging Market
  • Consulting
    • Coverage
      • Our Expertise
      • Sample Works
    • Engagement
      • Our Approach
      • Research Methodology
  • Knowledge
    • Market Insight
    • World Gold Mines Database
    • COVID-19 Impact on the Steel Industry
  • About
    • About Us
    • Contact Us
  • Home
  • Market Insight
  • Energy
  • Green for Growth Fund (GGF) to co-finance Serbian wind energy sector at its inception

Green for Growth Fund (GGF) to co-finance Serbian wind energy sector at its inception

by Commodity Inside / Friday, 08 June 2018 / Published in Energy

GGF announced to provide about $37.6 million to Serbia for developing large scale wind power plants to help diversify the country energy sector and reduce emissions. The funds will co-finance the 42 MW Alibunar wind farm and the 158 MW Čibuk 1 wind farm.

It is expected that these projects will reduce the emissions by 50,000 tonnes annually. It will also help the Serbian government’s target to achieve 27% renewable energy share in its total energy consumption by 2020.

Commodity Inside View:
These two wind farm plants are the first of a number of projects which are to be developed over the coming years in Serbia. The country accounts for around 69% of its energy from fossil fuels while the remainder from hydro power (27%) and renewable (4%). Serbia plans to produce 27% of its energy consumption from renewable by 2020 though we understand that the target can be ambitions given the huge and risky investment involve.

Green for Growth Fund (GGF) is a public-private partnership established in 2009 with the aim to promote energy efficiency and reduce CO2 emissions. The organisation’s project financing schemes aim to achieve 20% reduction in energy consumption and/or 20% reduction in emissions. The fund is supported by numerous organisations including European Investment Bank (EIB), IMF and European Bank for Reconstruction and Development (EBRD).

We have seen huge investment in renewable in Western Europe. However, Southern and Eastern Europe have been lagging behind in the race towards renewable, mainly due to relatively weaker economic conditions. Commodity inside understands that this investment is in line with the Paris Agreement as well as the GGF goals to support developing countries to tackle climate change.

To learn more about this article or want to explore how we can help in your research please feel free to contact us at info@commodityinside.com

We are independent and highly approachable experts available to support you.

Tweet

Tagged under: energy

NEED HELP?

Legal

  • Terms and Conditions
  • Privacy Policy
  • GET SOCIAL

Commodity Inside Limited is registered at UK Companies House. ©2025 Commodity Inside Limited I All rights reserved.

Contact:

info@commodityinside.com
+44 (0) 208 123 7812

TOP
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
SettingsAccept
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT