US-based bank Citi and Bulgaria have established a partnership to secure funding for the construction of units 7 and 8 at the existing 2,000 MW Kozloduy nuclear power plant. Bulgaria’s Ministry of Energy said minister Zhecho Stankov and his delegation have held final talks in New York with Citi’s management. Following a detailed review and […]
Power utility Elektroprivreda Bosne i Hercegovine aborted a waste co-incineration test at its Tuzla coal power plant. It halted the pilot project upon a request from the city authorities. Elektroprivreda BiH (EPBiH) announced it would comply with the resolutions that the City Council of Tuzla adopted, and halt the development project for trial co-incineration of […]
The Energy Community Ministerial Council held its annual informal meeting in Athens, where the organization was founded twenty years ago. No contracting party is expected to meet the criteria for exemption from the Carbon Border Adjustment Mechanism (CBAM) in the electricity sector – the European Union is due to start charging the CO2 tax on […]
Hungarian state-owned energy company MVM has become the majority owner of Serbia-based firms Energotehnika – Južna Bačka from Novi Sad and Elektromontaža from Kraljevo. Energotehnika – Južna Bačka and Elektromontaža, which were privately owned, provide a wide range of services and goods in the energy sector, primarily in Serbia. MVM is the dominant producer, distributor, […]
Global investment firm Brookfield and tech giant Google signed an agreement to deliver up to 3,000 MW of carbon-free hydropower capacity in the United States. Brookfield said the Hydro Framework Agreement (HFA) is the first of its kind and “the world’s largest corporate clean power deal for hydroelectricity.” Brookfield Asset Management, together with Brookfield Renewable, […]
Within the European Union’s proposed budget for the period from 2028 to 2034, the EUR 409 billion European Competitiveness Fund is for investments in strategic technologies, including for the clean transition and decarbonization. The new Connecting Europe Facility (CEF), worth EUR 81.4 billion, would finance the completion of Trans-European Networks and foster the EU’s green […]
With the ambition to build several hydroelectric plants on pontoons on the Danube river in Bulgaria, a local company intends to install a 20 kW pilot facility in Vidin. An initiative is underway for the deployment of an environmentally friendly energy production technology on Europe’s second-largest river. Vidin-based company Tyfun intends to build a pontoon […]
The construction of the largest wind farm in the Western Balkans region has begun in North Macedonia. The Government of North Macedonia and investor Alcazar Energy Partners held a groundbreaking ceremony near the city of Štip for the 400 MW facility. The Štip wind farm will cover an area of 326 hectares in the municipalities […]
Republic of Srpska, one of the two entities constituting Bosnia and Herzegovina, is set to host another solar power plant. It would be one of the largest ones, with a capacity of 150 MW. In late May, construction began on Bosnia and Herzegovina’s largest solar power plant so far, with a capacity of 125 MW. […]
Bulgaria-based International Power Supply (IPS) is opening a factory for battery energy storage systems using proprietary technology. The Exeron X-BESS is one of only six strategic projects in the European Union with a designation under the Net Zero Industry Act. Minister of Economy and Industry of Bulgaria Petar Dilov met with Chief Executive Officer of […]