Alcazar Energy intends to increase its investments in Montenegro from USD 200 million to USD 500 million, according to Co-Founder and Managing Partner Daniel Calderon. Alcazar Energy is one of the companies with which Montenegro has signed memoranda of understanding on projects in the energy sector. It was done today at the EU-Montenegro Investment Conference […]
A total of 14 cooperation projects between Montenegrin and European companies have been initiated at the ongoing European Union-Montenegro Investment Conference, including investments in wind farms, solar parks, energy storage, and grids. The two-day conference, titled Smart Growth, Green Future: Accelerating Investment in Montenegro, was opened today in Luštica, near Tivat, by the President of […]
As part of efforts to ensure that all electricity consumed by Apple devices is matched with green energy, the United States–based tech giant is facilitating 650 MW of renewables projects across Europe, including through power purchase agreements (PPA). By 2030, wind and solar power plants in Spain, Greece, Italy, Latvia, Poland, and Romania are expected […]
Vienna-based Renalfa IPP commissioned a 65 MW / 260 MWh battery energy storage system within its hybrid power plant project in Tenevo. Also in Bulgaria, the joint venture expanded its Kaolinovo solar power plant to 33 MW and added a BESS of 33 MW in operating power and 110 MWh in capacity. One of the […]
The trend of installing rooftop solar on public buildings to create energy communities is gaining momentum in Slovenia, with two more cities, Velenje and Kranj, joining the initiative. Similar projects were recently announced in Celje, Šoštanj, and Novo Mesto. Velenje plans to install solar power plants on 13 public buildings in cooperation with ECE, a […]
At the EU–Western Balkans Investment Forum in Tirana, Serbian company ElevenEs signed a joint declaration of support with representatives of the European Commission and the Development Agency of Serbia, marking a major step toward expanding battery cell manufacturing in the region. ElevenEs CEO Nemanja Mikać signed the document in the presence of European Commission President […]
Telecommunications operator Türk Telekom has inaugurated the first part of a solar power plant of 128 MW in peak capacity. The facility in Sivas province in Central Anatolia is one of the company’s three planned photovoltaic systems, totaling 530 MW. Solar power, affordable and easy to install, is cost-effective for nearly all social and economic […]
Electricity production at state-owned power utility Elektroprivreda Srbije’s (EPS) hydropower plants is set to hit a historic low this year due to unfavorable hydrological conditions, caused by exceptionally low precipitation in the Drina and Danube river basins over the past 18 months. The year-end figure will depend on whether and how well the hydrological situation […]
An overreliance on photovoltaics, combined with slow growth in the deployment of new technologies and storage, threatens Greece’s renewable energy future. The country achieved rapid growth in renewable energy in the past five years, and penetration has surpassed 50% of the electricity mix. However, the very success of the energy policies also led to significant […]
CWP Europe has signed a joint declaration with the European Commission, the Albanian Investment Development Agency, and the Montenegrin Investment Agency in support of its two landmark renewable energy projects – the Tropoja wind farm in Albania and the Montechevo solar farm with battery storage in Montenegro. The declaration of support for CWP Europe’s projects […]