Investors in photovoltaic projects were mostly willing to pay large sums at Turkey’s latest YEKA auction to secure a minimum guaranteed price for five years, followed by 20-year power purchase agreements. The government earned EUR 84.8 million overall from the secondary bidding for 650 MW, split into six areas. One zone is for a floating […]
Market conditions have become challenging for renewables in the CEE region, alongside uncertainties in the regulatory sphere, which calls for advanced and tailored financing solutions, according to participants in UniCredit Serbia’s workshop on navigating capital flows in the segment, including mergers and acquisitions (M&A). Investors, UniCredit’s clients, highlighted the growing importance of battery energy storage […]
The European Commission is collecting evidence to come up with solutions for unintended effects of the Carbon Border Adjustment Mechanism (CBAM) on renewable electricity in the Western Balkans, Director of the Energy Community Secretariat Artur Lorkowski pointed out in an interview with Balkan Green Energy News, as one of the most important developments in the […]
As part of efforts to ensure that all electricity consumed by Apple devices is matched with green energy, the United States–based tech giant is facilitating 650 MW of renewables projects across Europe, including through power purchase agreements (PPA). By 2030, wind and solar power plants in Spain, Greece, Italy, Latvia, Poland, and Romania are expected […]
Steel pipe manufacturer Corinth Pipeworks has put into operation a 7.1 MW photovoltaic facility on its plant in the Thisvi Industrial Area. It is the largest industrial rooftop PV system in Greece, the company said. A steel pipe factory northwest of Athens will cover an estimated 25% of its electricity needs with its new solar […]
Aurora Energy Research expects strike prices at the additional renewable energy auction in Romania, for the remaining wind power quota, to land near the ceiling, set at EUR 80 per MWh. In the previous round, there was strong competition between the bidders for the photovoltaic segment, while developers of wind energy projects may have seen […]
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 Ministry of Energy and Natural Resources of Turkey issued a public call for solar and wind power auctions for 2 GW in total. It will receive the applications on November 4 and November 18, respectively. One competitive bidding process is for a floating solar power project of 35 MW. Following the successful auctions for […]
Google has secured a new source of clean energy for its data centers in the US states of Tennessee and Alabama through collaboration with nuclear technology company Kairos Power and public power utility Tennessee Valley Authority (TVA). The deal involves a 50 MW advanced nuclear reactor to feed TVA’s grid, which supplies the tech giant’s […]
The rising number of maturing wind power projects and the ones under construction in Romania has highlighted the increasing role of the technology for the country’s energy transition. The recent updates are for three locations in the country’s east. Investments in wind power in Romania are rebounding from a long lull. According to the International […]