The first tokenization in Serbia’s energy sector has been completed, with AVR Solar Park selling 80% of AVR Solar Tokens, worth EUR 600,300, out of EUR 725,000 on offer. The company emphasized that this innovative financing model has the potential to address the issue of unfavorable financing conditions in the Serbian market. The recepits from […]
Serbia’s transmission system operator Elektromreža Srbije signed a contract for the construction of a two-system 400 kV transmission line from the Obrenovac substation to the Bajina Bašta substation. The power line from the Obrenovac substation to the Bajina Bašta substation is part of the third section of the Trans-Balkan Corridor for the transmission of electricity, […]
Cypriot Minister of Finance Makis Keravnos said the Great Sea Interconnector (GSI) project still faces very serious political obstacles. He highlighted the pressure from Turkey, alongside the financing disputes with Greece regarding the EU-backed bilateral investment to lay an undersea electricity cable that would connect the two countries. Following a second incident this month when […]
EDP Renewables declared its two new wind farms in Central Greece and Thessaly open, adding almost 70 MW to the transmission grid. The country expanded its wind power capacity by only 125 MW last year. EDP and its subsidiary EDP Renewables held an inauguration ceremony for two wind parks in Greece. It secured government support […]
Greek authorities are rushing to secure the electricity system against a possible blackout during Easter. Greece currently produces much more electricity than it needs on certain days due to a high renewables penetration and insufficient energy storage. It should be noted that in 2024 the country became a net power exporter for the first time […]
A new ministerial decree sets the framework for the installation of 3.55 GW of energy storage – standalone batteries, without subsidies. The new framework for batteries, presented by the Ministry of Environment and Energy, is under public consultation. It drastically increases the ambition, originally for between 2 GW and 2.5 GW. Now the government aims […]
On the day when it was supposed to get the Alexandroupolis LNG Terminal in Greece back online, its operator Gastrade extended the outage by another month. The company never revealed the details of the malfunction. Just as gas storage in the European Union slipped below 40% of capacity, the operator of the Alexandroupolis LNG Terminal […]
Power network operators won’t need to compensate renewable energy producers in Greece for curtailments, according to the latest bill of law. It prompted reactions in the renewable energy market. The bill, submitted for public consultation, received damning remarks from the Hellenic Wind Energy Association (HWEA or ELETAEN) and various other bodies and corporations for the […]
Terna Energy is developing a project for a 130 MW photovoltaic plant near Burgas in Bulgaria. The company, owned by Masdar, plans to connect it to the grid already by the end of next year. Recently it also reached landmark points in the development of wind power projects in Greece. Abu Dhabi Future Energy Co. […]
The much-awaited ministerial decree for zero-subsidy standalone battery systems has been published in Greece. So far, Greece has provided support to 900 MW of standalone storage projects under three previous auctions. The new plan, prepared by the Ministry of the Environment and Energy, calls for installing 4,700 MW of standalone battery projects across the country, […]