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 […]
Mubadala Investment Company, a sovereign investment fund from Abu Dhabi, is acquiring a stake in Rezolv Energy, a major renewable energy investor in Romania, which is developing the largest solar park in Europe. Mubadala is setting up a joint venture with Rezolv Energy’s owner, sustainable infrastructure investment fund Actis, for joint control of the firm, […]
Mubadala Investment Company, a sovereign investment fund from Abu Dhabi, is acquiring a stake in Rezolv Energy, a major renewable energy investor in Romania, which is developing the largest solar park in Europe. Mubadala is setting up a joint venture with Rezolv Energy’s owner, sustainable infrastructure investment fund Actis, for joint control of the Romanian […]
Swiss energy storage provider Energy Vault has signed an agreement to supply up to 2 GWh of battery capacity for the solar power projects of Turkey-based Astor Enerji in Romania. Astor Enerji, for its part, will provide transformers and high-voltage equipment for more than 1 GW of Energy Vault’s battery projects worldwide. Astor Enerji recently […]
Renewable energy firm DRI has secured financing for the construction and operations of its Vacaresti solar park in Romania. DRI, UniCredit and Garanti BBVA have signed an agreement for non-recourse loans of up to EUR 60 million to finance the construction and operations of the Vacaresti solar park in Romania. DRI is Ukraine-based DTEK’s renewables […]
Israeli renewables company Nofar Energy is set to secure a EUR 68 million loan from the European Bank for Reconstruction and Development (EBRD) for three large-scale photovoltaic projects in Romania, with a combined capacity of 515 MW, including the 265.5 MW Corbii Mari solar park. The EBRD’s loan, with an expected approval date of September […]
China-based Sungrow and Bulgarian-German company Sunotec have agreed to install 2.4 GWh of battery energy storage systems (BESS) in Europe. Sunotec and Sungrow have signed a strategic agreement to deploy 2.4 GWh of battery energy storage systems (BESS) across multiple solar power projects in Europe, according to Sunotec. The 2.4 GWh of energy storage capacity […]
The 64 MW solar power plant Stolac Solarni Park, located near the city of Stolac in the Herzegovina region of Bosnia and Herzegovina, has been connected to the grid and has begun generating electricity. No further details have been disclosed, but the facility appears to be an extension of Hodovo, the largest photovoltaic plant in […]
Oil and gas company OMV Petrom and coal power utility Complexul Energetic Oltenia (CE Oltenia) have signed design and installation contracts for four solar power plants. In October 2022, OMV Petrom and Complexul Energetic Oltenia said they would build four photovoltaic parks with a combined capacity of 450 MW at former coal mining locations using […]