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 […]
Energy ministry starts Albania’s first wind park project in Kurbin
The Government of Albania announced the installation of the country’s first wind power plant in Kurbin area. The plan by the Ministry of Energy and Industry was approved and featured in the official bulletin. An operator is to install the 12 turbines in Kurbin of 92 meters each, at a total cost of EUR 54 […]
Turkish companies don’t claim Gazivode
Kosovo Energy Distribution Services (KEDS) told Vesti newspaper it does not claim Gazivode hydropower plant complex in Kosovo*. The company is owned by Turkish companies Çalık and Limak since 2013, but the power infrastructure at the site is controlled by EPS (Electric Power Industry of Serbia). „Our company is in electric power distribution, maintaining equipment […]
Projected renewables’ boom depends on grid development
A number of cross-border and internal power lines in the region, as well as the extension of Chaira pumped hydroelectricity storage are crucial for market connectivity and integration of renewable energy sources, European Network of Transmission System Operators for Electricity (Entso-E) pointed out in an updated draft of its grid development plan. Expected renewable energy […]
Wind project Zelengrad–Obrovac becomes operational
An investment of EUR 50.56 million in a wind park in northern Dalmatia with 42 MW of capacity was completed and set into motion, Večernji list newspaper said. Turbines with an additional 12 MW of capacity will be installed in Zelengrad–Obrovac wind park in the second phase. EnerCap Capital partners, the fund manager based in […]
Partnership set for developing solar power plants
Armand Group, a Romanian renewable energy operator, said it signed an agreement with Green Tech Ltd., a specialized British company, for the finance and development of solar photovoltaic projects below 500 kW capacity that will benefit from the new solar feed-in tariff expected to be applied this year in the country. With British finance and […]
Monsson operates in 20 countries on four continents
Projects of over 2.4 GW, out of which over 1 GW have been already built and operational, have been developed under Monsson Group in Romania. The company said it expanded its operations in 20 markets in the past two years and reached 500 employees on four continents. In a press release, the company added it […]