The National Energy Regulatory Authority of Romania has approved a regulation eliminating double taxation of energy storage, to allow for faster deployment of solutions for storing electricity. The National Energy Regulatory Authority (ANRE) announced that it has approved an order on methodological norms exempting electricity that is stored and reintroduced into the grid from the […]
Electricity consumption in Serbia has increased by 15% to 20% over the past three weeks compared to the same period last year, according to Dragan Rakić, the head dispatcher of Serbia’s transmission system operator Elektromreža Srbije. The main reason for the rise in electricity consumption is the increased use of air conditioning units due to […]
The BESS dealmaking landscape in Europe has evolved dramatically over the past four to five years, driven by diminishing battery pack costs and the emergence of stackable revenue streams in mature markets, Pexapark said in a new brief. Germany and Netherlands have emerged as hotspots for optimization and offtake, after Great Britain’s convincing lead for […]
Romanian engineering and technology company Simtel will install a battery energy storage system in Romania for Turkey-based Güriş. With a storage capacity of up to 196.4 MWh and an installed power of up to 98.6 MW, it would be one of the largest battery energy storage systems (BESS) in Romania. Simtel said it signed an […]
Record solar power production, backed by yet insufficient energy storage capacity, helped maintain the stability of the electricity system in Europe during the latest heatwave, Ember said. Many nuclear and other thermal power plants reduced their activity as river water temperature wasn’t low enough for efficient cooling. Intraday price spreads at European power exchanges landed […]
Renewable energy companies from abroad aren’t intimidated by negative power prices in Romania, especially with the battery storage segment accelerating. Energy giants EDP Renewables and Engie have new solar power plants, and more renewable energy facilities are coming online, while the government is disbursing European grants. The renewable energy market in Greece is consolidating and […]
Energy modernization projects in nine member states of the European Union will receive a total of EUR 3.66 billion from the Modernisation Fund, in the largest disbursement to date from the facility financed by carbon pricing revenues, according to a press release from the European Commission. The selected projects focus on renewable energy, grid upgrades, […]
The Croatian Ministry of Environmental Protection and Green Transition has initiated a procedure to determine the need for an environmental impact assessment for the planned 99 MW solar power project Bokšić, which includes a battery energy storage system. The annual electricity production of the Bokšić solar power plant is estimated at just under 120 GWh. […]
The world’s hydroelectric capacity increased 1.7% last year to 1.44 TW, the International Hydropower Association said in its annual report. It highlighted the sharp rise in the pumped storage hydropower segment. Turkey doesn’t host any such energy storage facilities, but the country’s additions of conventional capacity were the highest in Europe for the second time […]
Defic Globe, YEO’s Istanbul-based joint venture with Emsolt Investments, acquired 15 project firms developing plans for power plants of 219 MW in total. The portfolio also brings a potential 320 MWh in battery energy storage systems (BESS). Separately, YEO launched its CALL Energy brand, which aims to build 1 GW in capacity by 2030. Through […]