TPG Rise Climate, the climate investing platform of global alternative asset management firm TPG, has acquired Aurora Energy Research, a global provider of power market forecasting and analytics for critical investment and financing decisions. As part of the transaction, existing private equity sponsors of Aurora Energy Research – CGE Partners, 22C Capital, and the company’s […]
Nuclear power plants have the highest construction cost overrun and the longest time delays of all energy projects. In the clean energy sector, the worst marks for violation of set construction cost and timelines go to hydrogen, carbon capture and storage as well as gas power plants, according to a study by the Boston University […]
Slovenian company Soške elektrarne Nova Gorica (SENG) commissioned its first solar power plant – Kanalski Vrh. The facility is at its Avče pumped storage hydropower plant, the only one in the country. Surfaces around large infrastructure such as railways are convenient for photovoltaics as there are very few options for the utilization of such sites. […]
Two recycling facilities for solar panels are complete in Greece, while another one is expected to follow soon. The business case behind the investments in recycling is solid, as more and more older solar farms will reach the end of their operational life, which is 20-25 years. European and national laws stipulate that such equipment […]
The implementation of the European Union’s cross-border carbon tax and an emissions trading system could cause losses for businesses in Bosnia and Herzegovina ranging from BAM 722 million to BAM 3.17 billion (EUR 369 million to EUR 1.62 billion), according to the latest analysis. At the same time, a statement from the Government of the […]
A model for Montenegro’s first auction for market premiums for solar power was outlined at an event in the capital Podgorica. The new legal framework for the green energy transition includes guarantees of origin, citizen energy communities and streamlined permitting. Stakeholders will be able to participate with their comments and suggestions in the renewables auction […]
In addition to the plans for several solar power plants in Trebinje, the city in the far south of the Republic of Srpska is paving the way for a wind farm. Chinese company Zhongbo Group is interested in investing in the project. The Assembly of the City of Trebinje has approved the proposition to develop […]
Investments in wind power in Turkey are on an upward trajectory – this year they are expected to surpass USD 1.5 billion, translating to 1.5 GW of new capacity, President of the Turkish Wind Energy Association (TÜREB) Ibrahim Erden estimated. Among other factors, the country has an extensive manufacturing base for the equipment. Several major […]
International Power Supply (IPS), a Bulgarian manufacturer of battery energy storage systems, is about to launch operations at its new facility near Sofia. Its latest model has 8.2 MWh and fits into a standard container. The company plans to double the factory’s annual capacity to 3 GWh already by the end of the year. IPS, […]
In its new guidelines for the just transition, the Energy Community Secretariat highlighted the lack of policies and measures in its contracting parties in the Western Balkans. The concept implies incorporating a people-centred and regionally tailored approach, in national energy and climate planning, to phasing out fossil fuels while providing targeted support to those most […]