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 […]
Albania’s oil and gas industry has a long and complex history that dates back to the early twentieth century. During World War I, in September 1917, the Italian government became particularly interested in Albania’s natural riches, awarding some of the first concessions for their use. In the decades that followed, businesses from the UK, France, […]
The mature residential battery storage markets in Europe are stabilizing, while policy-driven and emerging markets are gaining traction, according to EUPD Research. Its new report showed prices of home batteries slumped more than 50% between the first half of 2023 and the first half of this year. The European residential battery storage market has remained […]
Just 152.2 MW of wind farms were installed in Greece in the first half of 2025, thus continuing the low trajectory of recent years. According to the Hellenic Wind Energy Association (HWEA or ELETAEN), total wind capacity in the country reached 5,507 MW at the end of June. In the first six months of the […]
Eximprod, which installed the first wind turbine in Romania more than two decades ago, delivered the first megawatt-hours to the grid from its new wind farm in the country’s east. In addition, it is about to receive a commercial operating license for a 49.5 MW solar park in Prahova county. Several other wind parks are […]
Power utility Elektroprivreda Crne Gore and Norwegian company NTE Energi AS have signed a memorandum of understanding confirming their mutual commitment to intensifying cooperation in the renewable energy sector in Montenegro. The memorandum of understanding envisages the exchange of information, coordination of activities, and consideration of specific projects through joint venture Zeta Energy, established by […]
China-based Sungrow and Bulgarian-German company Sunotec have agreed to install 2.4 GWh of battery energy storage systems (BESS) in Europe. Sunotec and Sungrow have signed a strategic agreement to deploy 2.4 GWh of battery energy storage systems (BESS) across multiple solar power projects in Europe, according to Sunotec. The 2.4 GWh of energy storage capacity […]
Veolia received a green light from Bulgaria’s capital city to install two hydropower generators within the city’s major water supply lines. The system is envisaged to generate 12 GWh of electricity per year. Mostly owned by local authorities and underfunded, water and sewerage utilities in Southeastern Europe are struggling to provide enough drinking water and […]
The Government of Slovenia has awarded a concession for geothermal exploration in the municipality of Lendava to Verde Energy. Slovenia doesn’t yet use geothermal energy for electricity production. It is the first concession awarded for geothermal energy, marking an important step toward decarbonizing the Pomurje region, according to the Government of Slovenia. Lendava is also […]
The Romanian Government has drafted a state aid mechanism for the production and transport of geothermal energy for district heating or cooling systems. The proposed scheme would be worth EUR 300 million, sourced from the European Union’s Modernisation Fund. In addition to solar and wind energy, hydropower and battery energy storage systems, Romania is increasingly […]