Renewable energy investor Alcazar Energy Partners has signed a memorandum of understanding with Montenegrin state power utility Elektroprivreda Crne Gore (EPCG), initiating negotiations on a power purchase agreement (PPA) for electricity that will be produced by Alcazar’s future 118.8 MW Bijela wind farm. Alcazar Energy acquired the rights to the Bijela wind farm project in […]
Montenegro’s transmission system operator CGES and Qair Montenegro signed a contract for the connection of a 50 MW solar power plant. An agreement on the construction of infrastructure for the Rudine photovoltaic project was signed by Ivan Asanović, CEO of CGES, and Stefan Klikovac, a representative of Qair Montenegro. The EUR 40 million Rudine solar […]
Elektroprivreda Crne Gore, owned by the Government of Montenegro, has held discussions with several companies and financiers from the region, Europe, and the world about its project for battery energy storage systems. Elektroprivreda Crne Gore (EPCG) said in September that it started the preparations to install battery energy storage systems (BESS). After the Board of […]
Montenegro has adopted a new law on energy, which will allow citizens to become active participants in the electricity market and establish energy communities. The new law will also accelerate digitalization and the development of smart grids and flexibility services. The Law on Energy represents a modern, European framework for a sustainable energy future, according […]
Power utility Elektroprivreda Crne Gore plans to install solar power plants with a total capacity of 200 MW over the next three years, CEO Ivan Bulatović announced. State-owned power company Elektroprivreda Crne Gore (EPCG) intends to start production at the Gvozd wind farm by the end of the year and connect photovoltaic plants with a […]
Denmark-based Eurowind Energy signed a 12-year virtual power purchase agreement (PPA) with Autoliv in Romania, for the supply of electricity from the Pecineaga wind park. The automotive manufacturer headquartered in Stockholm also signed one such deal for a solar park in Finland. The strongest wind turbines in Romania will generate electricity for Autoliv, which makes […]
The Ministry of Energy, Electricity System Operator (ESO) and the Bulgarian Development Bank (BDB) are launching a solar power program for municipalities, schools, kindergartens, hospitals and small businesses. There are no upfront costs and the installations become the beneficiary’s ownership within eight years. Minister Zhecho Stankov said the goal is to create the largest energy […]
Prosumers in Romania operated 2.44 GW of capacity at the end of January or 63% more than one year before. Their number soared 79% to 203,984 and it is set to keep growing substantially with more government subsidies underway. Once again, prosumers confirmed their role as the main pillar of Romania’s energy transition. Growth in […]
Nominated electricity market operators in Europe are starting joint member testing on April 7 for cutting the cross-zonal day-ahead power trading interval to 15 minutes. The switch is expected to improve the integration of renewable energy sources. The European wholesale electricity market is preparing to switch its market time unit (MTU) from 60 to 15 […]
Author: Stevan Vujasinović The population in rural areas in the municipalities of Priboj, Čajetina and Arilje in Serbia have been heavily affected for years with frequent and prolonged interruptions in electricity supply. The interruptions not only disturb everyday life but they also substantially hinder the development of family businesses, especially in tourism and agriculture. However, […]