Tag Archives: Modernisation Fund

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Dozens of airports in Southeastern Europe invest in solar power, energy efficiency

Airports in Istanbul and Athens are becoming completely self-reliant with their large solar power projects. Many other airports in Southeastern Europe are investing in photovoltaics as well. Together with energy efficiency, electric mobility and waste and wastewater management projects, they aim to decarbonize their operations and reduce their environmental impact. Surfaces around infrastructure such as […]

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Battery storage investors in Romania rapidly expanding project pipeline

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 […]

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EU’s Modernisation Fund disburses EUR 3.66 billion for clean energy projects in nine countries

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, […]

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Romania launches renewables auction for 3.5 GW

Following a successful first round, in which developers won government support for projects of 1.53 GW altogether, the Romanian Ministry of Energy issued another call, for 3.47 GW of wind and solar power capacity. The deadline for submissions is July 11. The Ministry of Energy of Romania issued a public call for the second round […]

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Croatia grants EUR 30 million to firms for renewables, energy efficiency

The Croatian government has approved EUR 30 million in grants to businesses for investments in renewable energy production and energy efficiency measures. The Ministry of Environmental Protection and Green Transition and the Environmental Protection and Energy Efficiency Fund (EPEEF or FZOEU) have awarded 46 grant contracts to companies for projects focused on generating electricity from […]