Greece, Cyprus among top solar thermal markets in EU
Last year Greece had the biggest expansion of the capacities for solar thermal energy among the markets followed by Balkan Green Energy News, according to Solar Thermal and Concentrated Solar Power Barometer published by EurObserv’ER. The country added 189.4 MW of thermal power to top an overall capacity of 3 GW, making it third in […]
Regulator approves electric power price hike
The Energy Agency Council agreed to a price increase for electricity for Serbian households and small-scale customers that buy power at regulated costs, state-owned news agency Tanjug said. The tariffs from August 1 will be 4.4% higher on average, while the mean price increase for all buyers entitled to a regulated price will be 4.5%, not […]
Erste: Romania on hold, focusing on Croatia, Serbia
Due to the volatility of the incentive scheme and the continuous regulatory changes, the financing of new projects in Romania is not an option for the moment for Erste Group Bank AG, Markus Kriegler, its head of project finance, told SeeNews in an emailed interview. Erste is looking into backing mainly small hydro, biogas and […]
EBRD co-finances country’s largest geothermal plant
Güriş Holding subsidiary’s Efeler geothermal project put its fourth, 22.5 MW binary cycle unit into use and the company secured a USD 200 million (EUR 180.6 million) loan by the European Bank for Reconstruction and Development, alongside additional 15-year loans of EUR 293.52 million from Türkiye İş Bankası AŞ (İşbank), EUR 117.4 million from Turkiye […]
Future CHP plant should come online in December
Company Energijainvest started the construction of its biomass-fuelled combined heat and power (CHP) plant in the town of Grubišno Polje in Croatia’s northeast. The planned capacity is 3.8 MW, electricity will be supplied to the public grid, while heating will be used by the company. As one of its founders Stjepan Rajnović said, the investment […]
Istanbul to expand its Odayeri waste-to-energy plant
Turkey’s most populated city will fund the capacity extension of Odayeri, the country’s largest waste-fuelled thermal powered facility with TRY 6.5 million (EUR 2.24 million), Anadolu Agency’s Energy Terminal said. Istanbul is preparing to increase the Odayeri plant’s size from 35.4 MW to 45.3 MW, the report said. The plan is to raise daily generation […]
PPC’s subsidiary firm granted trading license
Greece’s main electricity utility Public Power Company (PPC) said its subsidiary firm established in Bulgaria has been granted a trading license by the neighbouring country’s regulatory authority for energy. The subsidiary, which PPC controls with an 85% stake, was founded by the Greek electricity corporation as part of its wider strategy to enter markets in […]
Hunedoara hydro project set to be launched in December
Hidroelectrica, the largest electricity producer in Romania, announced the opening of its hydroelectric power plant in Hunedoara for December. The facility is on the Strei river in Transylvania and is presently 62% complete, portal Business-review.eu reported. The EUR 58 million investment is for 12 MW of installed power capacity. Overall, the still insolvent state-owned company […]
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