INVL Renewable Energy Fund I has secured a EUR 29.3 million loan for the installation of solar power plants with a capacity of 71 MW in Romania. INVL Renewable Energy Fund I, managed by INVL Asset Management, invests in renewable energy projects. The new EUR 29.3 million loan agreement has been signed with Kommunalkredit Austria […]
The European Union is set to install less new solar capacity in 2025 than it did last year – the first annual drop in a decade, according to SolarPower Europe. In its mid-year analysis of the photovoltaic market in the EU, SolarPower Europe said new installations are expected to decrease 1.4% this year. It would […]
Croatia’s Regional Energy Agency North has launched VIREAS – a virtual energy assistant powered by artificial intelligence. VIREAS answers users’ questions about energy renovation and renewable energy sources in real time, provides recommendations tailored to users’ homes and needs, helps identify opportunities to save energy and reduce costs, and explains technical concepts in simple terms, […]
The construction of the largest wind farm in the Western Balkans region has begun in North Macedonia. The Government of North Macedonia and investor Alcazar Energy Partners held a groundbreaking ceremony near the city of Štip for the 400 MW facility. The Štip wind farm will cover an area of 326 hectares in the municipalities […]
China continues to dominate the renewable energy landscape, representing 29% of all planned wind and solar capacity and a staggering three quarters of the segment under construction, according to the Global Energy Monitor. All prospective projects in the world would have 4,484 GW in total capacity, of which 1,302 GW is in China. Next are […]
Energy modernization projects in nine member states of the European Union will receive a total of EUR 3.66 billion from the Modernisation Fund, in the largest disbursement to date from the facility financed by carbon pricing revenues, according to a press release from the European Commission. The selected projects focus on renewable energy, grid upgrades, […]
The Croatian Ministry of Environmental Protection and Green Transition has initiated a procedure to determine the need for an environmental impact assessment for the planned 99 MW solar power project Bokšić, which includes a battery energy storage system. The annual electricity production of the Bokšić solar power plant is estimated at just under 120 GWh. […]
Denmark-based renewable energy company Eurowind Energy has announced plans to develop a 220 MW solar park in Romania in an investment valued at EUR 174.8 million. It would be its largest solar park in Romania and one of the biggest in the country. In addition, the company ordered wind turbines from Vestas for its three […]
Battery energy storage is becoming increasingly central to the energy transition in Southeast Europe and beyond, thanks to its key role in enabling renewables integration while ensuring grid flexibility and resilience. However, as battery energy storage systems (BESS) become more advanced and technologically complex, the risks involved exceed those of traditional renewable energy projects, making […]
Slovenia-based Bisol Group, the largest manufacturer of European-made solar modules, plans to build a new factory in an investment estimated at EUR 32.3 million. The facility in Murska Sobota in northeastern Slovenia is expected to triple Bisol’s annual production capacity, from 750 MW currently. “We want to start construction in September. We are still selecting […]