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 […]
Energy Traders Europe has sent proposals to the European Commission on how to ensure that the Carbon Border Adjustment Mechanism puts a fair price on carbon-intensive electricity imports and facilitates low-carbon flows. On July 1, the European Commission’s Directorate-General for Taxation and Customs Union launched a public consultation on the potential downstream extension of the […]
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 […]
Capacity building and education for corporates, together with product diversification and an upgrade of the regulatory framework, could clear the obstacles for power purchase agreements in the Western Balkans, which are lagging behind the other countries in Southeast Europe. In addition to their other benefits, such contracts could contribute to securing baseload energy from hybrid […]