RP Global has secured a EUR 12.2 million loan to build its Novalja solar power plant in Croatia. In late April, Austrian company RP Global began the construction of the Novalja photovoltaic plant at the Zaglava site on the island of Pag. The European Bank for Reconstruction and Development (EBRD) said it approved a senior […]
Faria Renewables has signed a loan agreement with Attica Bank for the construction of a battery energy storage system (BESS). The project is worth EUR 28 million. In addition, Cero Generation passed a milestone toward a 250 MW battery storage investment. A BESS project selected last year in Greece’s second battery storage auction is now […]
The European Union is set to install less new solar capacity in 2025 than it did last year – the first annual drop in a decade, according to SolarPower Europe. In its mid-year analysis of the photovoltaic market in the EU, SolarPower Europe said new installations are expected to decrease 1.4% this year. It would […]
Author: Ivan Gazdić, Attorney at Law and Partner at Petrikić & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz For many years, Belgrade has struggled with long-standing urban, infrastructural and environmental challenges that have impeded its progress towards sustainable development in accordance with the standards of contemporary European cities. The main obstacles to Belgrade’s urban advancement include poorly […]
The Government of North Macedonia and Kazancı Holding have signed a memorandum of understanding that paves the way for a EUR 1 billion investment in the country’s energy sector. The memorandum of understanding was signed by Prime Minister Hristijan Mickoski and Cemil Kazancı, President of the Board of Directors of Kazancı Holding. In February, Mickoski […]
Amid a battery investment frenzy in Romania, Nova Power & Gas is about to build a battery energy storage system that would double the current total capacity in the country. In addition, the company is beginning the construction of a 150 MW gas power plant. Nova Power & Gas claims it is currently the national […]
The fossil fuel age is crumbling, according to UN Secretary-General António Guterres. Renewables maintained their cost leadership in global power markets, the International Renewable Energy Agency said in an annual report. In 2024, onshore wind farms were the cheapest of all versus the lowest-cost fossil fuel alternatives, by 53% on average, while photovoltaic systems were […]
Astronergy allocated USD 700 million for its second solar module factory in Turkey. It aims to start manufacturing photovoltaic wafers and cells in Balıkesir in the first phase. The company is part of Chint Group, headquartered in China. Turkey’s industrial base for renewable energy equipment is expanding. The solar and wind power segment is serving the […]
Rolls-Royce SMR and Czech utility ČEZ have signed an early works agreement. It paves the way for site-specific work on their small modular reactor project at the Temelín nuclear power plant. British Prime Minister Sir Keir Starmer and Czech Prime Minister Petr Fiala have signed a deal to work together to seize SMR export opportunities, […]
Croatia’s Regional Energy Agency North has launched VIREAS – a virtual energy assistant powered by artificial intelligence. VIREAS answers users’ questions about energy renovation and renewable energy sources in real time, provides recommendations tailored to users’ homes and needs, helps identify opportunities to save energy and reduce costs, and explains technical concepts in simple terms, […]