Greek Public Power Corporation (PPC or DEI) is moving forward with a pumped storage hydroelectric project at the site of its former open pit lignite mine Kardia, in a coal region in Western Macedonia. The government-controlled power utility is seeking a design, supply, construction and commissioning contractor. PPC announced that another tender would take place […]
The latest data showed that prosumers in Romania don’t have a much larger total capacity anymore than commercial solar power plants, a segment accelerating in expansion. The share of units for self-consumption that include energy storage reached 5.8% in the first half of the year, compared to 1.2% six months earlier. Total number of prosumers […]
Pressed by the lack of electricity system flexibility, Cyprus is rushing to deploy battery storage facilities under indirect state control. Private companies are complaining that Transmission System Operator Cyprus (TSOC) is favored at a current tender for three units of 40 MW each. EMA, the electricity market association of private companies has been trying to […]
In an accelerating investment wave, companies in Romania are combining BESS with solar power, hydropower and wind power, or building standalone energy storage facilities. The group includes R.Power, Hidroelectrica, Engie and more big names. Recent updates about investments in battery energy storage systems (BESS) in Romania indicate the technology is becoming another pillar of the […]
The largest hybrid power plant in Bulgaria is beginning to take shape – a joint venture of Eurowind Energy and Renalfa IPP commissioned the first segment of a solar park, and it is building a battery energy storage system (BESS). The Tenevo facility is planned to include a wind power plant as well. Almost two […]
NGEN Group, a high-tech company with a strong focus on innovation in the energy sector, particularly in the management and construction of battery storage systems, announced that it has launched an energy storage project in Poland. The initiative marks a significant step in the company’s expansion into the Polish market, where it leverages cutting-edge technology […]
The pace of large photovoltaic projects in Bulgaria indicates that total capacity can reach 6 GW by the middle of next year. The expansion isn’t slowing down. Investors in large solar power plants in Bulgaria don’t seem intimidated by zero and negative wholesale electricity prices eating away at their revenues. One of the factors is […]
The Ministry of Energy of Bulgaria is reportedly working on a public call for EUR 120 million in state aid for investments in battery energy storage systems of 1.5 GWh overall. Many projects have been stuck since the European Union suspended funding, but major deals are underway nevertheless, alongside the construction of large facilities. Bulgaria […]
Greenvolt Group said its majority owner KKR fully subscribed to a EUR 150 million share capital increase. The transaction will especially support investments in battery storage. In two tranches, KKR will increase the capital of its subsidiary Greenvolt by EUR 150 million. The injection is particularly aimed for the segment of utility-scale battery energy storage […]
The Association for Production, Storage and Trading of Electricity (APSTE) warned that the government’s disproportionately high fees for photovoltaic panels and energy storage batteries are preventing the possibility of having permanently low electricity prices in Bulgaria. They also threaten the implementation of key projects under the National Recovery and Resilience Plan (NRRP). The fees that […]