Companies and, eventually, households will be able to participate in the Romanian flexibility services market, getting compensated for cutting their electricity use at a time scheduled one day earlier. The aim is to prevent power outages during peak loads in the transmission grid. The National Energy Regulatory Authority (ANRE) of Romania published a draft regulation […]
Hybrid power purchase agreements from co-located projects, battery offtake agreements, and stand-alone PPAs are beginning to dominate the renewable energy market, according to Luca Pedretti, Co-Founder & COO of Pexapark. The power purchase agreement (PPA) market is going through a turbulent period. Two days ago, RE-Source Platform noted that the number of PPAs in Europe […]
Greece approved the request of a firm developing a project for a giant solar park with a green hydrogen plant to double the electrolyzer capacity. The site is in the vicinity of the village of Mantasia in the Phthiotis regional unit. The Ministry of Environment and Energy in Athens signed off on a proposed change […]
Eksim Energy, which operates one of the biggest solar power plants in Turkey, commissioned the first part of its Yozgat wind farm. The company based in Istanbul has surpassed 1 GW in installed capacity. Eksim Energy (Enerji) is accelerating its expansion in the green energy sector in Turkey – the company said it has received […]
North Macedonia’s power utility Elektrani na Severna Makedonija has secured a EUR 1.5 million grant to strengthen its capacity and accelerate the energy transition. Elektrani na Severna Makedonija (ESM) made a major step toward a market-driven green transformation with a grant implementing agreement with Germany’s KfW Development Bank. The agreement formalizes a EUR 1.5 million […]
The results of exploration at the Vinkovci GT-1 well have confirmed the area’s significant geothermal potential, Croatian Hydrocarbon Agency said. Maximum temperature is 131 degrees Celsius. Vinkovci is the third location in Croatia with positive results, as reservoir temperatures exceeding 100 degrees were earlier confirmed in Velika Gorica and Osijek, Croatian Hydrocarbon Agency revealed. The […]
Russian oil producer Lukoil said it intends to sell its international assets due to US sanctions and that it has already begun reviewing bids. The company’s foreign subsidiaries include oil refineries in Bulgaria and Romania, as well as fuel retail chains across Southeast Europe. The sale of Lukoil’s international assets is being carried out under […]
Russian oil producer Lukoil has accepted an offer from global commodities trader Gunvor Group Ltd. to acquire its international assets, which were put up for sale due to sanctions imposed by the United States over the war in Ukraine. The assets include oil refineries in Bulgaria and Romania, as well as fuel retail chains across […]
Sofia-based Sunotec signed an agreement with oil and gas major Shell on the development of battery energy storage systems in Central Eastern Europe. Sunotec is developing projects for large solar and battery energy storage systems (BESS) in Europe while Shell is one of the leading oil and gas companies in the world. Sunotec said it […]
The number of power purchase agreements in Europe decreased by 60% compared to the same period last year, while contracted capacity has dropped by 40%, according to RE-Source Platform. Europe’s power purchase agreement (PPA) market is facing headwinds in grid development, permitting and electrification and from negative electricity prices, RE-Source Platform warned. RE-Source Platform facilitates […]