Eximprod, which installed the first wind turbine in Romania more than two decades ago, delivered the first megawatt-hours to the grid from its new wind farm in the country’s east. In addition, it is about to receive a commercial operating license for a 49.5 MW solar park in Prahova county. Several other wind parks are […]
Faria Renewables has signed a loan agreement with Attica Bank for the construction of a battery energy storage system (BESS). The project is worth EUR 28 million. In addition, Cero Generation passed a milestone toward a 250 MW battery storage investment. A BESS project selected last year in Greece’s second battery storage auction is now […]
Legal entities and entrepreneurs in Montenegro are preparing to compete for market premiums with their solar power projects. The quota for the first such auction in the country is 250 MW, and applications close on November 10. Following the completion of the legal framework with laws and decrees, the Montenegrin Ministry of Energy and Mining […]
At the forthcoming auction for market premiums for electricity from solar power plants in Montenegro, the participants will bid for state support for 250 MW in total capacity. The maximum price to compete for is EUR 65 per MWh and the contracts will last 12 years. The Government of Montenegro adopted the decisions and directives […]
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, […]
The reservoir of state-owned Electricity Generation Corp.’s Demirköprü hydropower plant is the first proposed area for Turkey’s planned floating solar power auction. The YEKA support mechanism provides grid permits for several decades and a period with guaranteed prices. Within its ambition to grow the solar and wind power capacity to 120 GW in total by […]
Serbia is expected to finish drafting its energy storage regulations by the end of the year, completing its already strong regulatory framework for renewables, according to Svetlana Cerović, Head of Specialized Lending at UniCredit Bank Serbia. In the next auction for market premiums, Serbia should consider recognizing the contribution of projects involving energy storage, she […]
A model for Montenegro’s first auction for market premiums for solar power was outlined at an event in the capital Podgorica. The new legal framework for the green energy transition includes guarantees of origin, citizen energy communities and streamlined permitting. Stakeholders will be able to participate with their comments and suggestions in the renewables auction […]
Investments in wind power in Turkey are on an upward trajectory – this year they are expected to surpass USD 1.5 billion, translating to 1.5 GW of new capacity, President of the Turkish Wind Energy Association (TÜREB) Ibrahim Erden estimated. Among other factors, the country has an extensive manufacturing base for the equipment. Several major […]
German, Kosovar, French and Turkish companies submitted documentation to qualify for the first wind power auction in Kosovo*. The plan is for the government to have a share of up to 49% in selected projects. The Ministry of Economy of Kosovo* has publicly opened the applications within the qualifications call for the first wind power […]