Elsewedy agrees to buy 4 wind farms, 1 SHPP in Greece
Egypt’s Elsewedy Electric, an integrated energy and infrastructure solution provider, has announced entering into a share purchase agreement with R.F. Energy S.A. (a subsidiary of F.G Europe S.A.) to acquire 100% of the share capital of 3 wind energy and 1 hydropower companies in operation in Greece. The total consideration agreed is EUR 55 million, […]
Turkey global leader in new geothermal capacity in 2018, Croatia sixth
Turkey was the global leader in adding new geothermal capacity in 2018, with 219 MW. Croatia was sixth worldwide, with 17.5 MW. Turkey completed several geothermal power projects in 2018, raising its installed capacity by 21% or 219 MW, to 1.3 GW, according to a report by think tank Renewable Energy Policy Network for the […]
Croatia launches fresh call for co-financing home renewables systems
Croatia’s Environmental Protection and Energy Efficiency Fund (FZOEU) has issued a fresh invitation to apply for co-financing home renewables systems, offering a total of about EUR 1.49 million in grants and adding solar hot water collectors to the incentives scheme, according to a statement on the fund’s website. In the new round, grants for co-financing […]
TENDERING: Supervision consultant sought for ELEM’s solar project
Tendering has been launched to select a supervision consultant for the solar project implemented by North Macedonia’s state-owned electricity producer ELEM, newly rebranded as ESM. The deadline to file technical and financial proposals in tendering for the ELEM solar project supervision consultant expires on July 24, according to the EBRD Client e-Procurement Portal (ECEPP). The […]
Belgrade to invite bids for introducing public bicycle system
The Belgrade city assembly has adopted a decision to launch an international tender for introducing a public bicycle system through a public-private partnership (PPP) project. If everything goes to plan, the first public bicycles could be available in the Serbian capital as early as spring 2020. Belgrade deputy mayor Goran Vesić explained that the public […]
Romania to allow investors to trade electricity from projects under development
Romania’s legislation will be amended to allow investors in energy projects to trade electricity to be generated by projects under development, in order to enable them to raise financing for their investments, Romania Insider reported. Investors in energy projects, particularly those in renewable energy projects, have been urging Romania’s authorities since 2012 to enable them […]
PPC secures EUR 160 million for distribution network upgrade, expansion
Greece’s Public Power Corporation (PPC) has secured a EUR 160 million loan, backed by a sovereign guarantee, from the Black Sea Trade and Development Bank (BSTDB). The loan will support PPC’s capital expenditure plan concerning the distribution network, the BSTDB said. The proceeds of the loan will be used to finance PPC’s capital expenditures for […]
Siemens Gamesa unveils world’s first electrothermal energy storage system
Siemens Gamesa Renewable Energy has put into operation the world’s first electrothermal energy storage system (ETES), which makes it possible to store large quantities of energy cost-effectively, decoupling electricity generation and use. The innovative storage technology is key to the next step in the energy transition, according to a press release from the Spain-based wind […]
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