Seabed mapped for Greece-Cyprus power interconnection
Research ship Odin Finder, registered in Italy, finished the reconnaisance mission for the suitable route in the project of submarine cable EuroAsia InterConnector, which is planned to connect Cyprus and Greece, In-Cyprus reported. The exploration and mapping along the 518 kilometres from Vasiliko in Cyprus to the Greek island of Crete and then to the […]
By 2035 smart grids to be financed with EUR 10 billion
Europe plans to invest EUR 400 billion in smart grids by 2050, while the estimate for Turkey is EUR 10 billion by 2035
Draft scheme hikes solar power tariffs, cuts others
The support plan for renewable energy sources was prepared to be sent to the European Commission’s Directorate-General for Competition, after which public consultations are to be launched, Energy Press reported. The scheme is based on feed-in premiums paired with tenders, along the European Union’s guidelines. Upper limits are to be determined for feed-in for all […]
Litostroj sold to Czech investors, beating Končar
Energo-Pro a. s. is taking over Slovenian turbine manufacturer Litostroj Power d. o. o. for EUR 23.5 million, ČIA News reported, quoting spokeswoman Hana Hikelová. Litostroj Power has posted net revenues exceeding EUR 32 million for last year. It signed contracts worth more than EUR 70 million, 58% being in Europe, 20% in America, 13% […]
SEEPEX launches Serbian Day-Ahead market
The South East European Power Exchange said it started the Serbian Day-Ahead market, with 1,925 MWh being traded on the first day. Baseload, the average price of all hourly prices of the day, came out at EUR 23.83 per MWh. The settlement was slightly below neighboring power markets with market operators OTE, OKTE and HUPX […]
Institute tests feasibility of cooling, heating on concentrated solar power
The Cyprus Institute will provide cooling and heating to its Novel Technologies Laboratory (NTL) with concentrated solar power, CSP, in a project scientists have been working on for three years, Cyprus Weekly reported. A linear Fresnel collector of 70 kW thermal peak capacity is housed on the 352 square metre roof of the KEPA School […]
Ghost town from Cyprus conflict may become smart city
Famagusta’s district of Varosha, also known as Kapalı Maraş, has been all but abandoned since the summer of 1974, but an ambitious plan may help its revival. In-Cyprus portal said the former tourist resort is in the focus of a bi-communal initiative, preparated in secrecy during the past year, to refurbish the crumbling hotel buildings […]
Submarine interconnection helps set energy hub
Peter Sanfey, deputy director of the European Bank for Reconstruction and Development, said investors demand reforms in Montenegro aimed at the rule of law, real estate development and tax policy, with privatization as one of priorities, according to a report by agency Mina-Business. Giulio Moreno, head of the institution’s office in the country, said he […]
