Greece’s special account for renewables, which covers support payments to renewable energy producers, turned positive again in 2024 after years of instability. The account is currently manageable, according to data from the Renewable Energy Sources Operator & Guarantees of Origin (DAPEEP). The update is bringing certainty to the market and reassures investors that their power […]
Early next year, The Mobility House (TMH) is set to ramp up the aggregation of Electrohold’s energy assets in Bulgaria under a newly signed deal. It focuses on the planned 2.5 GWh in battery energy storage systems (BESS). Electricity trading firm Electrohold Trade selected The Mobility House (TMH) to provide advanced aggregation and trading software. […]
New battery storage installations last year in Europe came in at an all-time high 21.9 GWh in capacity, though the leap wasn’t as impressive as in the previous years. The total reached 61.1 GWh. “If Europe has already entered the solar age, the battery storage age is just beginning,” said Walburga Hemetsberger, CEO of SolarPower […]
Wind farms with a capacity of 3,800 MW and solar power plants with a capacity of 12,500 MW are currently in various stages of development in Bosnia and Herzegovina, according to the indicative plan for the development of production 2026-2035, published by the Independent System Operator in Bosnia and Herzegovina. The goal of the ten-year […]
Romania registered the first negative day-ahead electricity price for a workday. The phenomenon, which only used to occur on holidays and weekends, has emerged in Slovenia as well. In spring and autumn, most of Europe occasionally faces periods of excessive power grid loads. The rapid rise in solar and wind power production and the lack of […]
Chinese battery producer CATL has unveiled Naxtra, claiming it is the world’s first mass-produced sodium ion battery. At its inaugural Super Tech Day, the company also showcased a battery that sets a new global record for superfast charging technology. Naxtra breaks resource constraints and strengthens the foundation of the new energy industry, according to Contemporary […]
The 2030 Industry and Technology Strategy includes setting up industrial facilities in Turkey for nuclear energy, green hydrogen, battery storage and carbon capture and storage (CCS). The country is planning to establish a value chain for critical raw materials. The government vowed to support the development of semiconductor technology, autonomous and flying vehicles and cybersecurity […]
Greek renewable energy company Terna Energy, recently acquired by Masdar, made a step forward in its Amari hybrid power plant project in Crete. The facility in the country’s largest island would comprise two wind farms with a total capacity of 81.6 MW and a pumped storage hydropower station, at the Amari dam reservoir, of 50 […]
Eximprod Grup is about to commission a 65 MW photovoltaic facility in Prahova county, north of Bucharest, before adding a battery system, and Simtel obtained financing for the completion of a 52 MW solar power plant in Giurgiu, south of Romania’s capital city. Additionally, the developer of a project of a similar size in Alba […]
Developers of 82 standalone battery storage projects in Bulgaria, for an overall 9.71 GWh in capacity, got approval for EUR 587 million in subsidies from the Ministry of Energy. Another 30 landed below the line, but the government intends to boost the program by EUR 120 million. More than four months after the deadline for […]