Helsinki’s municipal energy company Helen closed its last coal facility. Together with the country’s remaining plants that use the solid fossil fuel, Salmisaari accounted for just 0.8% of the electricity mix in 2024. The Government of Finland earlier set May 1, 2029, as the coal exit date. Two years ago, the Olkiluoto 3 nuclear reactor […]
Electricity generation in solar and nuclear power plants, combined with higher temperatures, lowered the price of electricity in Europe in March by almost 30% on a monthly basis, according to Eurelectric’s data. Photovoltaics broke the record in power generation in March for the third consecutive month, Eurelectric said, adding that they accounted for more than […]
Public Power Corp. (PPC) presented a EUR 5.8 billion investment plan for the coal region of Western Macedonia in northern Greece. It held the ceremony in the retired Kardia 2 lignite-fired power plant. According to PPC’s chairman and CEO George Stassis, the endeavor consists of the decommissioning of old assets and the rollout of new […]
Kosovo* is using an EU grant for public calls for families and firms to install solar power panels and solar thermal collectors. The subsidies for photovoltaics amount to EUR 250 per kW, or EUR 200 per kW for businesses that set up larger systems. There is a bonus for female-owned enterprises. The Ministry of Economy […]
The Board of Directors of Kosovo Energy Corp. (KEK) appointed Bekir Gërguri as acting chief executive officer and Ramadan Budakova as his deputy, also in an acting capacity. The change in leadership in Prishtina-based KEK has prompted controversy. Bekir Gërguri has been named acting CEO instead of Përparim Kabashi, who has returned to his previous […]
The Ministry of Economy of Kosovo* will install wind gauges this year at many locations to develop projects that it intends to auction or build capacities in public ownership or within public-private partnerships. The government never had precise data on wind energy potential, as various potential investors measured it themselves, but they didn’t do it […]
The European Investment Bank is providing a EUR 33 million loan for a solar power plant of 120 MW in peak capacity. Government-controlled power utility KEK plans to install it on its former coal ash dump near Prishtina. The European Investment Bank (EIB) signed a EUR 33 million investment loan for the construction of a […]
A consortium led by Switzerland-based construction company Orllati was selected to build and operate a solar park of up to 105 MW in connection capacity for 30 years including a 15-year contract for difference. The group won the first renewable electricity auction in Kosovo* with a bid of EUR 48.88 per MWh. Almost a year […]
Only after the first auction was held, lawmakers in Prishtina enabled subsidizing renewable electricity plants through contracts for difference (CfDs). Passing the Law on the Promotion of the Use of Renewable Energy Sources, they also cleared the way for the introduction of guarantees of origin, a renewable energy operator and support fund, energy communities and […]
Yıldırım Energy laid the foundation stone in Kosovo* for the first phase of its 150 MW solar farm. The Turkish company intends to produce electricity for its ferronickel plant, which exports its entire output. A renewable energy investment of more than EUR 43 million is underway in Gllogovc (also known as Glogovac and Drenas). Yıldırım Group’s […]