INVL Renewable Energy Fund I has secured a EUR 29.3 million loan for the installation of solar power plants with a capacity of 71 MW in Romania. INVL Renewable Energy Fund I, managed by INVL Asset Management, invests in renewable energy projects. The new EUR 29.3 million loan agreement has been signed with Kommunalkredit Austria […]
Power utility Elektroprivreda Crne Gore and Norwegian company NTE Energi AS have signed a memorandum of understanding confirming their mutual commitment to intensifying cooperation in the renewable energy sector in Montenegro. The memorandum of understanding envisages the exchange of information, coordination of activities, and consideration of specific projects through joint venture Zeta Energy, established by […]
China-based Sungrow and Bulgarian-German company Sunotec have agreed to install 2.4 GWh of battery energy storage systems (BESS) in Europe. Sunotec and Sungrow have signed a strategic agreement to deploy 2.4 GWh of battery energy storage systems (BESS) across multiple solar power projects in Europe, according to Sunotec. The 2.4 GWh of energy storage capacity […]
The Government of Serbia is interested in taking over the Plandište wind farm project from oil and gas company Naftna Industrija Srbije and renewable energy firm MET Renewables. They have been jointly developing the project for over ten years. The Plandište project, with a capacity of 102 MW, was a topic at the latest meeting […]
The Government of North Macedonia and Kazancı Holding have signed a memorandum of understanding that paves the way for a EUR 1 billion investment in the country’s energy sector. The memorandum of understanding was signed by Prime Minister Hristijan Mickoski and Cemil Kazancı, President of the Board of Directors of Kazancı Holding. In February, Mickoski […]
Amid a battery investment frenzy in Romania, Nova Power & Gas is about to build a battery energy storage system that would double the current total capacity in the country. In addition, the company is beginning the construction of a 150 MW gas power plant. Nova Power & Gas claims it is currently the national […]
Statkraft has sold its Croatian platform to Resalta, according to the two companies. The transaction, which includes the renewable energy project pipeline and the transfer of employees, was signed and closed in July. Norway-based Statkraft has decided to leave India, the Netherlands and Croatia in October 2024. The company started its Croatian operations in 2021. […]
The construction of the largest wind farm in the Western Balkans region has begun in North Macedonia. The Government of North Macedonia and investor Alcazar Energy Partners held a groundbreaking ceremony near the city of Štip for the 400 MW facility. The Štip wind farm will cover an area of 326 hectares in the municipalities […]
Republic of Srpska, one of the two entities constituting Bosnia and Herzegovina, is set to host another solar power plant. It would be one of the largest ones, with a capacity of 150 MW. In late May, construction began on Bosnia and Herzegovina’s largest solar power plant so far, with a capacity of 125 MW. […]
Polish company R. Power Renewables is about to build a solar power plant in Romania of 55 MW in peak capacity. R. Power Renewables published the main details ahead of the start of construction of its Lazuri Solar Park, located in Satu Mare county in Romania. The company said it is a major step forward […]