Four participants registered last month at the Independent Bulgarian Energy Exchange’s guarantees of origin platform, creating a national market. Separately, IBEX is preparing to roll out a 15-minute market time unit in the Single Day-Ahead Coupling on June 11 with other European nominated electricity market operators. The Independent Bulgarian Energy Exchange (IBEX) said it launched […]
Investors in offshore wind farms, especially European ones, are facing increasing losses – Ørsted decided to halt its Hornsea 4 project in the United Kingdom, while the United States stopped the construction of Equinor’s Empire Wind 1 facility. After the energy crisis and the impact of Russia’s invasion of Ukraine, the resulting surge in inflation […]
Serbian state-owned power utility Elektroprivreda Srbije will offtake electricity from future wind parks Alibunar 1 and Alibunar 2, of 168 MW in combined capacity. EPS’s Chief Executive Officer Dušan Živković and Project Director of WV-International in Serbia Lazar Lazendić signed today the power purchase agreements (PPAs) and the contracts for difference (CfD) and balancing responsibility. […]
The European Commission set out a plan to phase out by the end of 2027 the purchases of Russian natural gas, including in the form of LNG, and oil. The package includes proposals aiming to replace Russian nuclear fuel and materials as well. The European Union will end its dependency on Russian energy by stopping […]
The world added 597 GW of photovoltaic capacity last year, achieving an astounding 36% rate of growth, SolarPower Europe found. China accounted for 55.1% of all new installations. Turkey is in the global top ten with its 1.42% annual share, while Greece is sixth in the world in the category of solar capacity per person. […]
VDE Renewables found in its new report that SolarEdge’s advanced safety capabilities minimize photovoltaic system risks and effectively prevent fire hazards, while exceeding international PV safety regulations. SolarEdge has robust cybersecurity mechanisms, essential to mitigating risks associated with cyberthreats, and its solutions bring higher energy yields for both simple and complex roofs. A new report […]
Power was out today throughout Spain and Portugal as well as in Andorra and parts of southern France, in one of the most serious such incidents so far, on a European scale. The European Commission’s Executive Vice President Teresa Ribera and other officials from the EU and the affected countries said there are no indications […]
Nordex Group, one of the largest wind turbine manufacturers in the world, is celebrating its 40th anniversary. The company’s portfolio in Croatia, Serbia and Montenegro recently reached a total of 1 GW in installed capacity and projects under development, underscoring Nordex’s strong commitment to supporting Southeastern Europe’s energy transition goals. Nordex will participate in the […]
OMV put into operation its green hydrogen plant in Schwechat near Vienna. The facility can produce 1,500 tons per year. OMV is producing green hydrogen on a commercial scale for the first time. The Vienna-based fossil fuel and petrochemicals producer started up a 10 MW plant at its Schwechat refinery near Austria’s capital. It is […]
Minister of Energy of Romania Sebastian Burduja and Minister of Energy of Bulgaria Zhecho Stankov both met with United States Secretary of Energy Chris Wright and discussed bilateral cooperation in projects in their countries including for pumped storage hydropower plants and nuclear power plants. Burduja said studies would be conducted with American support for a […]