Renewable energy firm Enery and Teva Pharmaceutical Industries have signed a 15-year hybrid power purchase agreement. Under a financial or virtual power purchase agreement (PPA), a future solar power plant with two battery energy storage systems (BESS) will supply 60,000 MWh of electricity annually to Teva’s two plants in Bulgaria. The landmark agreement is the […]
Luxembourg-based Zen Energy Group has started the installation of a hybrid energy project in North Macedonia, combining a solar power plant and a battery energy storage system. A solar power plant with a battery energy storage system (BESS) could become the country’s second hybrid power plant, with Fortis Energy installing energy storage near Oslomej solar […]
The newly purchased wind and solar projects in Romania and Bulgaria will bring much higher returns than ones in the Greek market, claims George Alexopoulos, Deputy Chief Executive Officer of HELLENiQ Energy. HELLENiQ Renewables Romania, operating under Greece-based HELLENiQ Energy, bought a wind project in Scânteiesti in Galaţi in eastern Romania, with a licensed capacity […]
RP Global has secured a EUR 12.2 million loan to build its Novalja solar power plant in Croatia. In late April, Austrian company RP Global began the construction of the Novalja photovoltaic plant at the Zaglava site on the island of Pag. The European Bank for Reconstruction and Development (EBRD) said it approved a senior […]
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 […]
The 64 MW solar power plant Stolac Solarni Park, located near the city of Stolac in the Herzegovina region of Bosnia and Herzegovina, has been connected to the grid and has begun generating electricity. No further details have been disclosed, but the facility appears to be an extension of Hodovo, the largest photovoltaic plant in […]
The Ministry of Economy has signed three agreements with the winners of the first renewable energy auction in Kosovo*, for a photovoltaic project with a grid connection of up to 105 MW. Minister of Economy Artane Rizvanolli has signed an agreement with newly-founded Lindja Solar on the development of the solar power project selected in […]
The first tokenization in Serbia’s energy sector has been completed, with AVR Solar Park selling 80% of AVR Solar Tokens, worth EUR 600,300, out of EUR 725,000 on offer. The company emphasized that this innovative financing model has the potential to address the issue of unfavorable financing conditions in the Serbian market. The recepits from […]