Garanti Bank to increase focus on renewables
Financing of about $1 billion was provided for the energy sector last year, out of which 90% for renewables, by Turkey’s Garanti Bank, its executive vice president Ebru Dildar Edin told Anadolu Agency. This year the institution will focus on financing green energy projects, especially solar and wind, and increasing involvement in energy efficiency, she […]
Biogas power plant boosting Slatina’s economy
Company Biointegra d. o. o. plans to complete its 2.4 MW facility for generating electrical energy from biogas in Slatina by May 1, regional daily Glas Slavonije’s portal said. The municipality in Croatia’s northeast experienced stagnation for three years, as procedures were underway for significant projects, and this one is worth EUR 7 million. The […]
EC’s contracting parties to cap pollution from plants
Bosnia and Herzegovina, Kosovo*, Macedonia, Serbia and Ukraine submitted national emission reduction plans (NERPs) to the Energy Community (EC) Secretariat by the deadline of end-2015. This marks a highly important milestone in preparing for the implementation of the Large Combustion Plants Directive (as amended by Decision 2013/05/MC-EnC of the Ministerial Council), which is to commence […]
Italian green energy company Exergy thrives in Turkey
Attracted by Turkey’s geothermal energy potential, Italian engineering company Exergy’s investment in a turbine production plant in Izmir has made it the number one supplier of geothermal power generation equipment in the country, Invest in Turkey portal said. Exergy’s new production facility manufactures turbines for use in combined-cycle geothermal power generation plants. The company’s turbines […]
EBRD exits ownership over share in E.ON Romania
The European Bank for Reconstruction and Development (EBRD) sold its 9.82% stake in E.ON Romania, part of German E.ON Group, Romania Journal reported on its website. The company is an integrated natural gas and electricity supplier on the domestic market. EBRD, which in 2007 bought E.ON’s shares for EUR 43 million, passed the stake to […]
New player and statuses in Balance Scheme
New player in the Slovenian power market is NIS Petrol Srl. The company entered the Balance Scheme on December 31, Borzen said. As of January 1 there are changes within the system, namely balance group Borzen, d. o. o. – Centre for support (Eco group) changed its status to balance subgroup responsible party in the […]
Biomass as storage facility in green energy system
Renewable energy is vast but one downside is that it is not a constant source of energy, Tanay Sıdkı Uyar, president of the Bioenergy Association of Turkey, told Anadolu Agency. The use of biomass energy in Turkey should be increased as it can provide independence from fossil fuels, he stressed. “The sun’s energy can be […]
TPI signs wind blade supply agreement with Vestas
Denmark’s Vestas Wind Systems A/S agreed to source blades for its V126 wind turbine from a recently announced factory in Izmir, Turkey, owned by TPI Composites Inc., SeeNews reported. Under the fresh multi-year supply agreement, the United States–based blade manufacturer will be delivering components for Vestas’ customers in the region of Europe, the Middle East […]