The BESS dealmaking landscape in Europe has evolved dramatically over the past four to five years, driven by diminishing battery pack costs and the emergence of stackable revenue streams in mature markets, Pexapark said in a new brief. Germany and Netherlands have emerged as hotspots for optimization and offtake, after Great Britain’s convincing lead for […]
Chief Executive Officer of WindEurope Giles Dickson has decided to step down after 10 years, to become a school teacher. The Board of Directors of WindEurope has initiated the process of finding his successor. Giles Dickson has been instrumental in the expansion of wind energy in Europe – onshore and offshore – and played a […]
The Interconnector Greece-Bulgaria (IGB) natural gas pipeline is planned to be expanded to five billion cubic meters per year from three billion. The non-binding assessment phase is underway. ICGB, the operator of the IGB interconnection, targets an expansion in technical annual capacity to five billion cubic meters per year from the current three billion. The […]
Romanian engineering and technology company Simtel will install a battery energy storage system in Romania for Turkey-based Güriş. With a storage capacity of up to 196.4 MWh and an installed power of up to 98.6 MW, it would be one of the largest battery energy storage systems (BESS) in Romania. Simtel said it signed an […]
Electricity consumption by end consumers in Serbia increased 2.7% last year, while production decreased 6.7%, according to the 2024 annual report of the Energy Agency of the Republic of Serbia. Higher consumption and lower production led to a 15% rise in imports. Excluding the use of electricity in power plants for production purposes, consumption by […]
Montenegro’s power utility Elektroprivreda Crne Gore will take out a loan of EUR 50 million to purchase electricity to supply consumers in the country. The Government of Montenegro, upon the proposal of the Ministry of Finance, has issued an approval for Elektroprivreda Crne Gore (EPCG) to borrow EUR 50 million from Erste Bank to finance […]
Even with a quota for the regulated electricity market in Bulgaria, low electricity prices pushed TPP Maritsa East 2 into a loss last year. It is the only state-owned coal power plant. The financial report for 2024 showed a loss of EUR 52 million for TPP Maritsa East 2 (Maritsa-iztok 2), Kapital reported. It compares […]
Record solar power production, backed by yet insufficient energy storage capacity, helped maintain the stability of the electricity system in Europe during the latest heatwave, Ember said. Many nuclear and other thermal power plants reduced their activity as river water temperature wasn’t low enough for efficient cooling. Intraday price spreads at European power exchanges landed […]
At the forthcoming auction for market premiums for electricity from solar power plants in Montenegro, the participants will bid for state support for 250 MW in total capacity. The maximum price to compete for is EUR 65 per MWh and the contracts will last 12 years. The Government of Montenegro adopted the decisions and directives […]
Greece’s Alternate Minister of Economy and Finance Nikos Papathanasis has launched an open call for the installation and operation of a high-efficiency combined heat and power (CHP) unit using fuel cells powered by green hydrogen. The site for the pilot project is in the Western Macedonia coal region in the country’s north. It is part […]