North Macedonia’s power utility Elektrani na Severna Makedonija has secured a EUR 1.5 million grant to strengthen its capacity and accelerate the energy transition. Elektrani na Severna Makedonija (ESM) made a major step toward a market-driven green transformation with a grant implementing agreement with Germany’s KfW Development Bank. The agreement formalizes a EUR 1.5 million […]
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 […]
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 […]
The 14th International Forum on Energy for Sustainable Development (IFESD-14) concluded yesterday with the signing of the Skopje Declaration. During the three-day summit, North Macedonia’s capital became a global center of dialogue, ideas, and visions for the future, according to the Ministry of Energy, Mining and Mineral Resources of North Macedonia. This year’s edition of […]
Standalone battery units in Greece are expected to be profitable both in the short and the long term, according to a new study by the Aristotle University of Thessaloniki (AUTh). The results were based on a simulation carried out for a variety of battery types, with storage durations between two and five hours. A maximum […]
After three years of delays, Croatia is finally close to adopting a methodology for the calculation of the grid connection fee for renewable power plants. Investors have repeatedly urged the authorities to enact the document, arguing it was the main obstacle to investments in renewable energy sources. The Croatian Energy Regulatory Agency (HERA) said it […]
RatedPower, a leading provider of software for PV plant and BESS design and engineering, has organized a webinar to present its solutions that make it faster and easier for developers and contractors to design and build PV and battery storage facilities, helping increase their efficiency and profitability. The online event included a step-by-step demonstration of […]
Swedish energy storage operator Repono has completed the acquisition of a 202 MW / 404 MWh battery energy storage system project located in Romania’s Argeș county. Romania has become one of the most active markets for battery energy storage system (BESS) projects in South East Europe. Developed by a domestic firm, the Argeș project reached […]
The Economic Chamber of North Macedonia has developed the country’s first decarbonization guide for small businesses. The digital tool is intended to help North Macedonia’s economy adapt to international climate rules, including the European Union’s carbon border tax (CBAM). The decarbonization guide provides detailed instructions on the most effective ways for local companies to reduce […]
Sunotec has secured financing for a portfolio of seven projects in Bulgaria. The deals were agreed in September. The portfolio, for 115 MW in peak solar power capacity and 763 MWh of battery storage, significantly expands Sunotec‘s investment presence in its home market, according to the update. Six projects are for standalone battery energy storage […]