NGEN Group, a high-tech company with a strong focus on innovation in the energy sector, particularly in the management and construction of battery storage systems, announced that it has launched an energy storage project in Poland. The initiative marks a significant step in the company’s expansion into the Polish market, where it leverages cutting-edge technology […]
An almost complete hydropower project that was launched in the late 1980s in Romania is stuck again as a court in Cluj suspended a government’s decree that allowed clearing 31 hectares of forest. Hidroelectrica’s endeavor on the Răstolița river is for 35.2 MW. What was labeled by the Romanian media as the last big investment […]
State-controlled hydropower plant operator NEK said it would launch auctions for gurarantees of origin in Bulgaria, providing liquidity in the market segment. There is currently no offering scheduled on the IBEX electricity exchange. Following the first auction for guarantees of origin (GOs) in Bulgaria last month, state-owned hydropower operator Nаtsionalna elektricheska kompania (NEK) is preparing […]
The pace of large photovoltaic projects in Bulgaria indicates that total capacity can reach 6 GW by the middle of next year. The expansion isn’t slowing down. Investors in large solar power plants in Bulgaria don’t seem intimidated by zero and negative wholesale electricity prices eating away at their revenues. One of the factors is […]
CW Enerji earmarked USD 520 million for the expansion of its solar panel manufacturing capacity in Antalya to 5 GW per year. It said it would benefit from the government’s HIT-30 incentives program. While Europe is stagnating in solar panel production and some large facilities are even closing under pressure from China’s increasing global dominance, […]
The Ministry of Energy of Bulgaria is reportedly working on a public call for EUR 120 million in state aid for investments in battery energy storage systems of 1.5 GWh overall. Many projects have been stuck since the European Union suspended funding, but major deals are underway nevertheless, alongside the construction of large facilities. Bulgaria […]
Greenvolt Group said its majority owner KKR fully subscribed to a EUR 150 million share capital increase. The transaction will especially support investments in battery storage. In two tranches, KKR will increase the capital of its subsidiary Greenvolt by EUR 150 million. The injection is particularly aimed for the segment of utility-scale battery energy storage […]
Serbia now has a Just Energy Transition Plan until 2030. The document contains suggested measures for the mitigation of the impact of reducing fossil fuel use, primarily coal, so that workers, firms and communities aren’t left behind. Following last month’s completion of the public consultation process regarding the proposed Just Transition Action Plan, the Government […]
Principia agreed to acquire all four EDPR’s wind power plants in Greece. The joint venture of Enel and Macquarie Asset Management’s funds is nearing 800 MW in renewable energy and battery storage capacity in the country. Principia, owned equally by Italy-based Enel and funds managed by Macquarie Asset Management, headquartered in Australia, is strengthening its […]
Ingka Investments, the investment division of the Sweden-based Ingka Holding, the largest IKEA franchisee company, said the construction of its first solar power plant in Romania is well underway. The Butimanu project is for 300 MW in peak capacity, which would make it the largest in the country. The biggest IKEA stores operator is proceeding […]