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, […]
Serbia’s state gas company Srbijagas and North Macedonia’s gas transmission system operator Nomagas signed a memorandum of understanding expressing their intention to soon build a gas interconnector between the two countries. Srbijagas is also expected to present a plan for a gas interconnection with Romania. The memorandum, signed by Srbijagas General Manager Dušan Bajatović and […]
The European Commission has proposed the first support package, of EUR 87.7 million, under the European Union’s Growth Plan for the Western Balkans, to help implement EUR 487.3 million worth of hydropower, solar district heating, and grid modernization projects in Albania, Montenegro, and Serbia. The package was announced following a high-level meeting between European Commissioner […]
The reservoir of state-owned Electricity Generation Corp.’s Demirköprü hydropower plant is the first proposed area for Turkey’s planned floating solar power auction. The YEKA support mechanism provides grid permits for several decades and a period with guaranteed prices. Within its ambition to grow the solar and wind power capacity to 120 GW in total by […]
MAVIR, the Hungarian electricity transmission system operator (TSO), put into operation a battery energy storage system, BESS, of 20 MW in capability and a three-hour cycle. It will help grid security and the integration of renewable energy sources. After entering the world’s top ten in photovoltaic capacity per capita, Hungary is picking up pace in […]
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 […]
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 […]
Slovenia’s Ministry of the Environment, Climate and Energy, in cooperation with electricity market operator Borzen, has allocated nearly EUR 17 million in grants for businesses planning to install battery storage systems. The grants are intended for the purchase and installation of battery storage units, hybrid inverters, and electrical installations and equipment. The subsidy can cover […]
The International Institute for Climate Action (IICA) held its third international Future Green Initiative conference on climate change. The event in Zagreb was dedicated to the role of the business and financial sectors in mitigating climate change. President of IICE Marija Pujo Tadić said Europe wants other states and the main global players to join […]
Slovenian company Soške elektrarne Nova Gorica (SENG) commissioned its first solar power plant – Kanalski Vrh. The facility is at its Avče pumped storage hydropower plant, the only one in the country. Surfaces around large infrastructure such as railways are convenient for photovoltaics as there are very few options for the utilization of such sites. […]