Hybrid power purchase agreements from co-located projects, battery offtake agreements, and stand-alone PPAs are beginning to dominate the renewable energy market, according to Luca Pedretti, Co-Founder & COO of Pexapark. The power purchase agreement (PPA) market is going through a turbulent period. Two days ago, RE-Source Platform noted that the number of PPAs in Europe […]
Sofia-based Sunotec signed an agreement with oil and gas major Shell on the development of battery energy storage systems in Central Eastern Europe. Sunotec is developing projects for large solar and battery energy storage systems (BESS) in Europe while Shell is one of the leading oil and gas companies in the world. Sunotec said it […]
Power utility Elektrani na Severna Makedonija estimated that it requires EUR 3 billion by 2040 to replace electricity from its lignite-fired power plants. According to member of the Board of Directors Ivan Stojanovski, the state-owned company is preparing investments in gas power plants, solar, wind, hydropower and energy storage. He highlighted its plans for a […]
RatedPower, a leading provider of software for PV plant and BESS design and engineering, has organized a webinar to present its solutions that make it faster and easier for developers and contractors to design and build PV and battery storage facilities, helping increase their efficiency and profitability. The online event included a step-by-step demonstration of […]
Croatia has allocated EUR 50 million to support businesses in installing batteries for storing energy from their existing solar power plants or ones they plan to install. In recent years, many companies all over Europe have installed solar panels for self-consumption to reduce electricity costs. But battery energy storage systems (BESS) offer additional benefits for […]
Swedish energy storage operator Repono has completed the acquisition of a 202 MW / 404 MWh battery energy storage system project located in Romania’s Argeș county. Romania has become one of the most active markets for battery energy storage system (BESS) projects in South East Europe. Developed by a domestic firm, the Argeș project reached […]
Romanian power supplier and distributor Electrica has initiated a permitting procedure for the construction of 15 battery energy storage parks, with a combined capacity of about 1 GWh, aimed at providing flexibility to the national grid and supporting the integration of renewable energy sources. The battery energy storage systems (BESS) would boost Electrica’s ability to […]
Sunotec has secured financing for a portfolio of seven projects in Bulgaria. The deals were agreed in September. The portfolio, for 115 MW in peak solar power capacity and 763 MWh of battery storage, significantly expands Sunotec‘s investment presence in its home market, according to the update. Six projects are for standalone battery energy storage […]
The second line of the submarine cable connecting Montenegro and Italy is expected to be completed by 2031, Montenegro’s Minister of Energy and Mining Admir Šahmanović said at the European Union – Montenegro Investment Conference. The two-day conference, titled Smart Growth, Green Future: Accelerating Investment in Montenegro, was opened yesterday in Luštica, near Tivat, by […]
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 […]