The Ministry of Energy of Bulgaria is reportedly working on a public call for EUR 120 million in state aid for investments in battery energy storage systems of 1.5 GWh overall. Many projects have been stuck since the European Union suspended funding, but major deals are underway nevertheless, alongside the construction of large facilities. Bulgaria […]
Greenvolt Group said its majority owner KKR fully subscribed to a EUR 150 million share capital increase. The transaction will especially support investments in battery storage. In two tranches, KKR will increase the capital of its subsidiary Greenvolt by EUR 150 million. The injection is particularly aimed for the segment of utility-scale battery energy storage […]
In the first half of 2025, wholesale electricity prices in the European Union were about 30% higher than in same period of 2024, while a 40% increase was recorded in the United States. The penetration of negative prices in the EU continues, with their share doubling in H1 2025, according to the latest report of […]
The Association for Production, Storage and Trading of Electricity (APSTE) warned that the government’s disproportionately high fees for photovoltaic panels and energy storage batteries are preventing the possibility of having permanently low electricity prices in Bulgaria. They also threaten the implementation of key projects under the National Recovery and Resilience Plan (NRRP). The fees that […]
Wind power technology is often criticized because birds collide with turbine blades. As the number of wind farms in Southeast Europe grows, bird protection is increasingly important. A solution exists. Croatian environmental consultancy Oikon has become the regional representative for three systems that detect the presence of birds and temporarily halt wind turbines to prevent […]
Serbia now has a Just Energy Transition Plan until 2030. The document contains suggested measures for the mitigation of the impact of reducing fossil fuel use, primarily coal, so that workers, firms and communities aren’t left behind. Following last month’s completion of the public consultation process regarding the proposed Just Transition Action Plan, the Government […]
Bosnia and Herzegovina’s electricity imports were nearly 4.5 times higher in the first half of the year than in the same period of 2024. The step rise in power imports is another evidence of the difficult situation in the country’s utilities – Elektroprivreda BiH (EPBiH), Elektroprivreda HZHB (EPHZHB), and Elektroprivreda Republike Srpske (ERS). The main […]
Principia agreed to acquire all four EDPR’s wind power plants in Greece. The joint venture of Enel and Macquarie Asset Management’s funds is nearing 800 MW in renewable energy and battery storage capacity in the country. Principia, owned equally by Italy-based Enel and funds managed by Macquarie Asset Management, headquartered in Australia, is strengthening its […]
Ingka Investments, the investment division of the Sweden-based Ingka Holding, the largest IKEA franchisee company, said the construction of its first solar power plant in Romania is well underway. The Butimanu project is for 300 MW in peak capacity, which would make it the largest in the country. The biggest IKEA stores operator is proceeding […]
INVL Renewable Energy Fund I has secured a EUR 29.3 million loan for the installation of solar power plants with a capacity of 71 MW in Romania. INVL Renewable Energy Fund I, managed by INVL Asset Management, invests in renewable energy projects. The new EUR 29.3 million loan agreement has been signed with Kommunalkredit Austria […]