Energy storage in Europe has been expanding rapidly since 2020, with the total installed capacity in the European Union, the United Kingdom, Norway, and Switzerland set to reach 100 GW by the end of November. Pumped hydro storage has the largest share of the existing capacity, 50.6 GW, followed by batteries, with 44.8 GW of […]
A new agreement between the UAE and Montenegro will facilitate connecting the energy sector with financial technologies and artificial intelligence. The two countries are also considering to deploy solar, wind, hydropower, green hydrogen and battery projects. The United Arab Emirates and Montenegro agreed to cooperate in the energy sector, setting up a bilateral strategic partnership […]
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 […]
The number of power purchase agreements in Europe decreased by 60% compared to the same period last year, while contracted capacity has dropped by 40%, according to RE-Source Platform. Europe’s power purchase agreement (PPA) market is facing headwinds in grid development, permitting and electrification and from negative electricity prices, RE-Source Platform warned. RE-Source Platform facilitates […]
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 […]
Public consultation is underway in Cyprus for environmental impact assessment (EIA) studies for three projects for photovoltaic units, of 14.5 MW in total peak capacity, with 40 MWh in battery storage. The developer, SAOLA, plans several such investments. It is facing opposition from the local population and environmentalists. The electricity system in Cyprus is severely […]
Poland-based R.Power began work on its Lazuri photovoltaic plant of 55 MW in peak capacity in Satu Mare county in northwestern Romania. The company is energizing four solar parks of more than 23 MW overall, its first operational assets in the country. In addition, it is about to break ground on its 254 MWh Scornicești […]
PPC Group has launched the construction of a battery energy storage system in the area of its Amyntaio coal plant. The company is also building BESS facilities at its thermal power plants Kardia and Meliti, as it is preparing to end coal use in Greece. One BESS unit is under construction in Bulgaria, as well. […]
Austrian green energy producer Enery and Turkish software company SmartPulse have entered a strategic partnership to deliver advanced solutions for the management and trading of renewable energy and storage assets. The collaboration aims to amplify market results for renewable energy producers and battery owners, while strengthening integration into the regional energy markets. Enery Portfolio Optimization […]
The share of solar power plants’ capacity in North Macedonia has surpassed hydropower plants in 2024, Minister of Energy, Mining and Mineral Resources Sanja Božinovska said at the 14th International Forum on Energy for Sustainable Development in Skopje. The three-day International Forum on Energy for Sustainable Development (IFESD-14) started yesterday. Its theme is From Goals […]