CWP Europe signed a power purchase agreement (PPA), including balancing responsibility, and a contract for difference (CfD) for its Solarina photovoltaic project, with Serbia’s state-owned power utility Elektroprivreda Srbije (EPS). Solarina is a special purpose vehicle or SPV for a photovoltaic park of 150 MW in connection capacity. Its site is near the city of […]
Early next year, The Mobility House (TMH) is set to ramp up the aggregation of Electrohold’s energy assets in Bulgaria under a newly signed deal. It focuses on the planned 2.5 GWh in battery energy storage systems (BESS). Electricity trading firm Electrohold Trade selected The Mobility House (TMH) to provide advanced aggregation and trading software. […]
Terna won the contract for the construction of the second of the three parts of a 490 MW solar park in Megalopolis, on former lignite mines. Public Power Corp. – PPC Group said the third phase would begin next year. The second phase of the construction of a 490 MW photovoltaic plant in Megalopolis is […]
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 […]
Greece’s Independent Power Transmission Operator (IPTO) is completing the last elements of the Ariadne Interconnection project, one of the deepest subsea links in the world. The company plans to switch on the double high-voltage direct current (HVDC) cable between Attica and Crete by the end of the month. In addition, IPTO and its Italian counterpart […]
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. […]