The Norwegian holding company Vardar Eurus has purchased 25 per cent of the Estonian wind energy company OÜ Roheline Ring Tuulepargid. The latter owns three wind parks which have an overall capacity of 16,1 MW. A fourth wind park with the planned capacity of 6,9 MW is being developed.
Vardar Eurus is owned by Vardar AS (70%) and NEFCO (30%). The new investment will strengthen Vardar Eurus´ position as the largest producer of renewable energy in Estonia.
Wind energy at close range
Vardar Eurus is owned by Vardar AS (70%) and NEFCO (30%). The new investment will strengthen Vardar Eurus´ position as the largest producer of renewable energy in Estonia.
NEFCO's previous investments in wind energy
Forester Urban Larsson from Rindi Energi is surrounded by logging residues. This is bio fuel!
The bleak autumn sunshine offers welcoming warmth as we approach a felling area in Gotsa in the proximity of Grodno in western Belarus. The local forestry company Grodno PLHO and the Grodno Region Forestry Board are responsible for the administration and clearing of the state-owned forests in the region.
The forests in the Grodno-region are FSC-certified. Photograph: Patrik Rastenberger
Logging operations in Gotsa, Belarus. Photograph: Patrik Rastenberger
Around 7 million saplings are produced per year to ensure reforestation in the Grodno region. Photograph: Patrik Rastenberger
Andrei Bui, Head of Forester Department is briefing Urban Larsson about planned reforestation. Photograph: Patrik Rastenberger
Biofuel. Belarus has set a goal to increase the share of renewable energy to 25 per cent of total production by 2012.
During its chairmanship of the Baltic Marine Environment Commission (HELCOM), known also as the Helsinki Commission, Russia is seeking to broaden the international cooperation on the Baltic Sea and focus greater political attention on its ecological status. The Commission’s Chairman, Igor Maydanov, suggests that the heads of state of the member countries should be involved in decisions that affect the Baltic Sea Action Plan.
Signs of severe eutrophication. Toxic algal blooms in Korpo, Southwestern Finland. Photograph: Matti Snellman/NEFCO ©.
During its chairmanship of the Baltic Marine Environment Commission (HELCOM), known also as the Helsinki Commission, Russia is seeking to broaden the international cooperation on the Baltic Sea and focus greater political attention on its ecological status.
The Commission’s Chairman, Igor Maydanov, suggests that the heads of state of the member countries should be involved in decisions that affect the Baltic Sea Action Plan.
The global wind energy sector grew with 27 per cent in 2007.
The Nordic Environment Finance Corporation announced on Wednesday that its Carbon Fund (NeCF) has signed Agreements to procure emission reductions from a wind energy project in Jiangsu province, and a small hydro project in southwest China. The projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM). These are NEFCO's first projects in China.
The global wind energy sector grew with 27 per cent in 2007.
The Nordic Environment Finance Corporation announced on Wednesday that its Carbon Fund (NeCF) has signed Agreements to procure emission reductions from a wind energy project in Jiangsu province, and a small hydro project in southwest China. The projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM). These are NEFCO's first projects in China.
Biomass. NEFCO finances numerous projects where renewable energy is used for heat production. Photograph: Patrik Rastenberger.
NEFCO has agreed on purchasing carbon credits from two new energy efficiency projects in Russia, namely in Strezhevoy, western Siberia and Priozersk, in the Leningrad region. Both projects aim at refurbishing the district heating networks in the cities concerned. The project in Priozersk is co-financed with the Danish Energy Agency DEA and it will also replace heavy fuel oil with biomass in local heat production.
Magnus Rystedt and Vosnuk Mykola surrounded by journalists at Bank Lviv.
NEFCO's and Bank Lviv's joint loan facility aimed at promoting energy efficiency is now fully operational. NEFCO's Managing Director Magnus Rystedt and Vosnuk Mykola, Chairman of the Board at Bank Lviv, signed the agreement in Lviv, western Ukraine on Wednesday.
Minister Alexey Kucherenko and Managing Director Magnus Rystedt in Stockholm. Photograph: Christian Åslund
The Ukrainian government and NEFCO signed a memorandum of understanding on Friday in Stockholm, Sweden. The MoU will facilitate NEFCO's future investments in Ukraine. The agreement was signed by the Ukrainian minister of housing and communal services, Mr. Alexey Kucherenko and NEFCO's Managing Director Magnus Rystedt.
Reducing releases of climate gases is one of NEFCO's key priorities.
The Nordic Environment Finance Corporation's NEFCO Carbon Fund (NeCF), a Public Private Partnership, announces a new investor into the Fund. Industrialiseringsfonden for Udviklingslandene (IFU) or the Industrialisation Fund for Developing Countries, offers risk capital and advice to businesses investing in developing countries. IFU is an independent, self-governing fund established by the Danish state to assist Danish investments in developing countries and manager for IØ (Investeringsfonden for Østlandene) investing in Central and Eastern Europe. IFU will invest €5 million.
Reducing releases of climate gases is one of NEFCO's key priorities.
The Nordic Environment Finance Corporation's NEFCO Carbon Fund (NeCF), a Public Private Partnership, announces a new investor into the Fund.
Industrialiseringsfonden for Udviklingslandene (IFU) or the Industrialisation Fund for Developing Countries, offers risk capital and advice to businesses investing in developing countries. IFU is an independent, self-governing fund established by the Danish state to assist Danish investments in developing countries and manager for IØ (Investeringsfonden for Østlandene) investing in Central and Eastern Europe. IFU will invest €5 million.
