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 […]
The Romanian Ministry of Energy has signed 29 more grants to public entities for investments in solar power plants for self-consumption, bringing the total number of projects under the program to 1,046. The latest round of grants is worth EUR 11.3 million, putting the total sum approved so far at EUR 502 million. The 29 […]
Building photovoltaic plants on abandoned open-pit coal mines could add nearly 300 GW of new solar worldwide, equivalent to 15% of the current global capacity, according to a survey by Global Energy Monitor (GEM). Greece and three Western Balkan countries are among the global leaders in projects to build solar at abandoned coal mines. It […]
The Federation of BiH, one of the two entities constituting Bosnia and Herzegovina, has launched a grants program to co-finance the installation of rooftop solar power plants, expected to cover around 500 households a year and lead to an increase of 4.2 GWh in renewable electricity production. Operator for Renewable Energy Sources and Efficient Cogeneration […]
Virtual power plants, aggregators, and flexibility are gaining increasing attention, and not just within the energy sector. The growth and volatility of electricity prices have forced many businesses and institutions to install solar panels to cut costs. Virtual power plants – set up by aggregators to provide flexibility services – can generate additional income for […]
Investors and developers of battery energy storage systems (BESS) should engage with insurers or specialized brokers as early as the development phase to effectively manage risks and ensure bankability, advised Dimitar Dimitrov, Business Development Manager at Renewable Energy Insurance Broker (REIB), during Belgrade Energy Forum 2025. With over 4 GWh of energy storage systems across […]