Renewable energy firm Enery and Teva Pharmaceutical Industries have signed a 15-year hybrid power purchase agreement. Under a financial or virtual power purchase agreement (PPA), a future solar power plant with two battery energy storage systems (BESS) will supply 60,000 MWh of electricity annually to Teva’s two plants in Bulgaria. The landmark agreement is the […]
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 […]
For the first time, Elektroprivreda Srbije (EPS) will not take out loans this year, but will finance all investments from its own resources, according to General Manager Dušan Živković. However, it has affected the financial performance of Serbia’s state-owned power utility, with profit in the first half of 2025 coming in lower than in the […]
Econergy Renewable Energy connected its 87 MW Oradea solar power plant to Romania’s national grid and began commercial operation. Oradea solar farm, with a capacity of 87 MW, is Econergy’s fourth photovoltaic plant in Romania. With the addition, the company’s operational and ready-to-connect capacity in the country has reached 447 MW. It is building another […]
Elektroprivreda Srbije achieved a profit of RSD 27.4 billion (EUR 233.8 million) in the first half of 2025. The financial result of the state-owned Elektroprivreda Srbije (EPS) is lower than in the same period of 2024, when profit amounted to RSD 32.8 billion (EUR 280.3 million). The company posted RSD 26.1 billion (EUR 222.8 million) […]
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 […]
Hydropower plant operator Hidroelektrarne na Spodnji Savi will build two solar power plants with a combined capacity of 9.2 MW near its Brežice hydropower plant. It picked Končar as the contractor. Two new photovoltaic facilities in the pipeline are the continuation of investments in solar near the Brežice hydropower plant. Hidroelektrarne na Spodnji Savi (HESS), […]
RP Global has secured a EUR 12.2 million loan to build its Novalja solar power plant in Croatia. In late April, Austrian company RP Global began the construction of the Novalja photovoltaic plant at the Zaglava site on the island of Pag. The European Bank for Reconstruction and Development (EBRD) said it approved a senior […]
Republic of Srpska, one of the two entities constituting Bosnia and Herzegovina, is set to host another solar power plant. It would be one of the largest ones, with a capacity of 150 MW. In late May, construction began on Bosnia and Herzegovina’s largest solar power plant so far, with a capacity of 125 MW. […]
Polish company R. Power Renewables is about to build a solar power plant in Romania of 55 MW in peak capacity. R. Power Renewables published the main details ahead of the start of construction of its Lazuri Solar Park, located in Satu Mare county in Romania. The company said it is a major step forward […]