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July 4, 2025
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HELLENiQ Energy buys ABO Energy Hellas, adding 1.5 GW in renewables projects

With the acquisition of ABO Energy Hellas, HELLENiQ Energy strengthened its project pipeline for renewables and energy storage by a third, to 6 GW.

Amid a consolidation in the renewables sector in Greece, HELLENiQ Energy Holdings said it completed, through its HELLENiQ Renewables subsidiary, the acquisition of ABO Energy Hellas. The transaction includes six affiliated entities with a portfolio of 22 renewable energy project clusters.

Total capacity under development in Greece amounts to 1.5 GW. ABO Energy Hellas, part of Germany-based ABO Energy, also brings its renewable energy project development and construction platform, according to the update. HELLENiQ Energy pointed out that the portfolio comprises all renewables technologies.

It includes 340 MW of photovoltaic projects under development, classified under priority category B, and 550 MW in projects for battery energy storage systems (BESS) eligible for participation in the process of obtaining priority connection terms.

At the end of March, HELLENiQ Energy operated renewable electricity plants of an overall 494 MW

With ABO Energy Hellas, the company expanded its renewables pipeline to more than 6 GW. It accelerates the strategic objective to achieve at least 2 GW of installed renewable energy capacity by 2030, it said.

Purchase price to grow if projects reach milestones

The two sides didn’t disclose the purchase price. If projects from the 1.5 gigawatt pipeline achieve certain milestones, additional consideration will become due, ABO Energy revealed.  “The sale of the Greek subsidiary improves our chances of success, reduces complexity of the ABO Energy group, and helps to further focus our business,” said Managing Director Karsten Schlageter.

Between 2019 and 2023, ABO Energy developed and sold five solar parks in Greece with a total capacity of more than 100 MW. The largest one is Margariti in Epirus, of 50 MW. The company connected four of them to the grid on a turnkey basis.

ABO Energy stressed it would remain active in Greece as a service provider and continue to provide commercial and technical management for the solar parks already built.

Photo: Margariti solar park (ABO Energy)

HELLENiQ Energy had almost 500 MW in operation at end of March alongside just as much in mature projects

HELLENiQ Energy, formerly Hellenic Petroleum, produces fossil fuels and petrochemicals and operates service stations. The company is rapidly expanding in the green energy segment as well. Notably, it won state support for its projects at Greece’s BESS auctions.

At the end of March, HELLENiQ Energy operated renewable electricity plants of 494 MW altogether. Photovoltaics made up 59%, while the rest was in wind turbines. At the time, the company had half a gigawatt under construction or in the ready-to-build stage.

It is about to complete the purchase of the remaining 50% of Elpedison, its joint venture in Greece with Italy-based Edison. They operate two gas-fired combined cycle power plants.

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July 3, 2025
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EU outlines measures for 90% emissions cut by 2040

The European Commission proposed an amendment to the European Climate Law, setting a 2040 target of a 90% reduction in net greenhouse gas emissions from the 1990 level. The outlined measures would give certainty to investors, promote innovation and business competitiveness and increase energy security, according to the European Union’s executive body.

The EU is closing in on its 2030 goal to slash annual net emissions by 55% from the 1990 baseline, according to the European Commission’s recent report on national energy and climate plans (NECPs). It is part of the efforts to reach climate neutrality by mid-century. Today the EU’s top executive body formally outlined the proposal for the next intermediate target – 90% by 2040.

It is in the form of an amendment to the European Climate Law, which entered into force in July 2021. In the meantime, the 27-member bloc adopted a 2030 legislative package known as Fit for 55.

The European Parliament and the Council of the EU now need to discuss and adopt the amendment.

Nature-based and industrial carbon removals will play an increasingly important role in reaching the targets, the European Commission pointed out. It implies domestic permanent carbon removals within the Emissions Trading System (EU ETS) to compensate for residual emissions from hard-to-abate sectors. Such systems need to scale up significantly by 2040, the commissioners said.

More pragmatic, flexible trajectory toward 90% reduction in emissions by 2040

The proposal sets out a more pragmatic and flexible way to reach the milestone, the European Commission claimed.

“Aligned with the EU Competitiveness Compass, Clean Industrial Deal and Affordable Energy Action Plan, the proposed 2040 climate target takes fully into account the current economic, security and geopolitical landscape and gives investors and businesses the predictability and stability they need in the EU’s clean energy transition. By staying the course on decarbonisation, the EU will drive investment in innovation, create more jobs, growth, increase our resilience to impacts of climate change and become more energy independent,” the statement adds.

Von der Leyen said industry and investors require a predictable direction on the path to the climate goal

“As European citizens increasingly feel the impact of climate change, they expect Europe to act. Industry and investors look to us to set a predictable direction of travel,” said European Commission President Ursula von der Leyen.

Today’s proposal is based on an impact assessment and advice from the Intergovernmental Panel on Climate Change (IPCC) and the European Scientific Advisory Board on Climate Change. The adoption follows engagement with member states, the European Parliament, stakeholders, civil society and citizens since the commission’s recommendation in February 2024.

EU eyeing international carbon credits

The commission vowed to consider a limited role for high-quality international carbon credits, starting in 2036, and greater flexibility across sectors to help achieve targets in a cost-effective and socially fair way. For instance, a member state would have the possibility to compensate for a struggling land use sector with an overachievement in reducing emissions from waste and transportation.

Emphasis is also on the competitiveness of the European industry and a level playing field with international partners. Among the guidelines is technological neutrality.

Fiscal incentives are under consideration for clean tech and industrial decarbonization projects.

The commission highlighted its Clean Industrial Deal State Aid Framework, adopted last week, and the simplification of the Carbon Border Adjustment Mechanism (CBAM). It also issued a recommendation on tax incentives for investments in clean technologies and industrial decarbonization.

Measures on affordable energy to scale up manufacturing of grid components and support power purchase agreements, the pilot for the upcoming Industrial Decarbonisation Bank, the forthcoming Chemicals Industry Action Plan and the sectorial dialogues with stakeholders are among the actions that will help deliver the Clean Industrial Deal, the commissioners explained. Their draft seven-year budget, officially called Multiannual Financial Framework, is due to be unveiled next month.

WindEurope urges for annual targets for renewables

Reacting to the announcement, WindEurope said EU member states would need to translate the 90% ambition into clear annual goals for the deployment of wind and other renewables for the period 2031-40.

“Otherwise the 2040 target will remain academic,” the organization underscored.

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July 3, 2025
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SolarPower Europe: EU needs ten times more battery storage by 2030 to meet renewables targets

SolarPower Europe believes that the European Union needs ten times more battery storage by 2030 to support the growth of solar and other renewable energy capacities and maintain the pace of the energy transition. To promote battery growth across the EU, SolarPower Europe has launched an initiative called the Battery Storage Europe Platform.

“Battery storage is no longer optional – it is essential. Without urgent action, the EU risks stalling its energy transition,” stated Juhi Dion Sud, the newly appointed Head of the Battery Storage Europe Platform. She added that a tenfold increase in battery storage by 2030 is vital to sustain the rapid growth of solar and other renewables, and to ensure the EU’s energy security, resilience and competitiveness.

Dion Sud: The EU needs to boost BESS capacities from 50 GWh to at least 500 GWh

The EU currently has just over 50 GWh of battery energy storage systems (BESS), but to stay on track for the 2030 renewables targets, the level must increase to between 500 GWh and 780 GWh, explained Dion Sud.

Walburga Hemetsberger, CEO of SolarPower Europe, described solar and storage as “the perfect pair,” adding that battery storage must grow at the same pace as solar installations across Europe.

The platform’s founding partners include REIB, Statkraft and Sunotec

The Battery Storage Europe Platform was launched with support from founding strategic partners, including Renewable Energy Insurance Broker (REIB), Statkraft, and Sunotec. Over 50 representatives from leading battery storage companies joined the kick-off day in Brussels.

The platform will represent the interests of the sector at the EU level, facilitating engagement with policymakers and delivering constructive legislative trade and investment frameworks for battery storage manufacturing and deployment, according to a press release from SolarPower Europe.

Participation in the platform is open to members of SolarPower Europe, with strategic partnership opportunities available for organizations interested in taking a leading role in the work of the platform, it added.

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July 3, 2025
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Solaris Holding launches production at large hybrid renewable energy park in Bulgaria

The new Selanovtsi solar farm of 59.8 MW in peak capacity near Vratsa was installed alongside a battery energy storage system of 107.3 MWh in capacity. The hybrid energy park, owned by Solaris Holding, is now accumulating the midday output and releasing it into the grid at hours of increased demand.

Engineering, supply and construction company Solaris Holding, a joint venture of the Bulgarian-German Sunotec and the main shareholders of Eurohold Bulgaria (Evrohold), launched the operation of a hybrid power plant in the municipality of Oryahovo in Vratsa district. The project in the country’s northwest is financed by United Bulgarian Bank (UBB or OBB) and the German Varengold Bank.

The Selanovtsi solar power plant’s peak capacity is 59.8 MW. It is integrated with a new battery energy storage system (BESS) of 107.3 MWh. Annual output is estimated at 79.9 GWh. It is equivalent to the energy needs of more than 22,000 households and it saves more than a million tons of carbon dioxide emissions, according to the developer.

Electrohold Trade, part of Electrohold Group and Eurohold, is responsible for the sale of electricity.

Hybrid power plant generating 79.9 GWh per year

The Selanovtsi facility, located near an eponymous village, spans 37.9 hectares. It consists of 103,116 solar modules. A team of 250 people built the hybrid renewable energy park, which features lithium-ion-phosphate (LFP) batteries, according to the update.

During the hours of lower consumption, the integrated system stores the green energy and delivers it to the grid around the daily demand peaks. It ensures a more balanced load on the electricity system, increases its stability and efficiency, and contributes to a more reliable integration of renewable sources into the national grid, the statement adds.

Solaris has four even larger projects underway

Solaris plans to commission four more battery-powered photovoltaic plants, even larger in size. In September, it inaugurated a hybrid solar power and storage facility in Pernik.

BESS has become a standard element of PV projects in Bulgaria. In addition, the country’s battery manufacturing capacity is growing and the government has completed its tenders for state support to BESS combined with renewable energy plants, and for standalone units. But even before the subsidies, there are facilities under construction.

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July 2, 2025
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Clean energy, grid upgrade projects in Western Balkans to be backed under EU’s Growth Plan

The European Commission has proposed the first support package, of EUR 87.7 million, under the European Union’s Growth Plan for the Western Balkans, to help implement EUR 487.3 million worth of hydropower, solar district heating, and grid modernization projects in Albania, Montenegro, and Serbia. The package was announced following a high-level meeting between European Commissioner for Enlargement Marta Kos and Western Balkan partners in North Macedonia’s capital, Skopje.

The package, funded from the EUR 6 billion Reform and Growth Facility (RGF), set up under the Growth Plan, will be rolled out through the Western Balkans Investment Framework (WBIF). The proposal was made to the WBIF Operational Board, according to a press release from the commission.

The eight proposed projects include building a new generation unit and upgrading existing ones at Serbia’s Potpeć hydropower plant, which would increase its annual production to 236 GWh while reducing CO2 emissions. The investment is valued at EUR 72.1 million, with the RGF support amounting to EUR 15.8 million. The project is targeted for completion in 2030, according to the commission’s fact sheet.

Serbia could get support for introducing solar energy in district heating

The other project in Serbia is the construction of a 31 MW solar-thermal plant and 17 MW heat pump in Novi Sad, which will introduce renewable energy sources to the district heating system. The project would cost a total of EUR 114.3 million, with the RGF support at EUR 25 million. The targeted completion date is 2028.

In Montenegro, the package would support three projects. The first is an EUR 18.3 million investment in building a 38-kilometer 110kV overhead transmission line between Vilusi and Herceg Novi, aimed at increasing transmission capacity and reducing energy losses. It would receive EUR 3.1 million from the RGF.

The EU plans to back Montenegro’s SCADA roll-out

The second project in Montenegro is the introduction of SCADA in the power distribution system, estimated at EUR 26.5 million, with the proposed RGF support of EUR 5 million. The third one is a planned upgrade of the Brezna substation on the Trans-Balkan Electricity Corridor. The EUR 35.6 million investment would be backed with EUR 6.3 million from the RGF.

Albania plans to digitalize its transmission network in EUR 64.2 million project

The support package also includes Albania’s EUR 95.3 million investment in upgrading the Fierza hydropower plant, aimed at increasing its capacity by 10% and extending its lifespan by at least 30 years. The support from the RGF would amount to EUR 10.5 million. The other project to be supported in Albania is the EUR 64.2 million digitalization of the transmission network, which would receive 13.6 million from the RGF.

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July 2, 2025
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Slovenia launches public consultation on spatial plan for second unit at Krško nuclear plant

The Slovenian Ministry of Natural Resources and Spatial Planning initiated the development of a spatial plan on the country level for the second unit of nuclear power plant Krško. It invited the public to submit comments and suggestions.

The initiative was announced at a press conference last week by representatives of GEN energija, the state-owned company developing the Krško 2 (NEK 2) project. The document has now been made public and will remain available for comments until the end of September.

The initiative will be available for comments until the end of September

To keep the public informed, GEN energija will open information offices in several locations across Slovenia – Krško, Ljubljana, Maribor, and Nova Gorica.

At the press conference, State Secretary at the Ministry of the Environment, Climate and Energy Tina Sršen described the document as a “milestone,” adding that the project was now moving into broader social and professional coordination.

Final decision on capacity and technology expected in 2028

GEN energija’s chief operating officer, Bruno Glaser, said the capacity of the proposed second unit and the technology to be used have yet to be determined, but that the initiative envisages a capacity of 1,000 MW to 1,650 MW.

He also said that the final investment decision should be made in 2028, along with decisions on the reactor’s capacity and the supplier.

Croatia is willing to participate in the Krško 2 project

Another issue to be resolved before a final investment decision is made is the possible participation of other investors. Croatia has repeatedly expressed its interest in taking part in the project, recalled Gen Energija CEO Dejan Paravan, noting that Croatia’s state-owned power utility Hrvatska Elektroprivreda (HEP) co-owns the existing power plant in Krško.

Slovenian Prime Minister Robert Golob and his Croatian counterpart, Andrej Plenkovič, discussed the topic at a recent meeting, according to Paravan.

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