Croatia’s HEP Group posts EUR 184 million net profit for 2018
Croatia’s state-owned energy company Hrvatska Elektroprivreda (HEP Group) reported a net profit of HRK 1.36 billion (around EUR 184 million) in 2018, an increase of 5% compared to 2017. The profit came from the group’s electricity business, with losses seem in other segments of operations, according to HEP Group’s annual report. HEP Group posted an […]
Greece’s new energy minister, Kostis Hatzidakis, announces rescue plan for PPC
Not 24 hours after the polls closed in Greece, the new prime minister, Kyriakos Mitsotakis, has unveiled his cabinet. New Democracy Vice President Kostis Hatzidakis will lead one of the two key ministries – of the environment and energy. The new Greek Environment and Energy Minister Kostis Hatzidakis’ key task will be to tackle the […]
Siemens pressing ahead with eHighway solution to decarbonize transport sector
Carbon emissions from heavy-duty vehicles, including lorries, buses, and coaches, represent around 27% of total road transport CO2 emissions. While the EU has introduced new rules for manufacturers to cut CO2 emissions from new trucks by 30% from 2030, German technology powerhouse Siemens is offering a zero-emission solution: the eHighway system. Installed, tested, demonstrated, or […]
Turkish circular economy-based solid waste PPP secures EUR 9 million loan
A joint venture between France’s Suez Groupe and Turkish waste management firm Altas has secured a EUR 9 million loan for a EUR 15 million circular economy-based project to develop an integrated solid waste management system in Turkey’s province of Canakkale under a public-private partnership (PPP). According to the lender, the European Bank for Reconstruction […]
Electrica interested in CEZ assets in Romania – CEO
Romania’s state-owned power distribution and supply company Electrica is interested in buying the assets owned by Czech energy company CEZ in Romania, once they are put up for sale, Electrica CEO Georgeta Corina Popescu has said in an interview with Agerpres, Romania Insider reported. In addition to eyeing CEZ’s assets in Romania, Electrica is also considering […]
wpd sets up JV to develop Krmpote wind farm of up to 90 MW
Bremen-based wpd europe and Rijeka-based Tekol Teri have set up VE Krmpote, a joint venture to develop a wind farm on the Ruševo-Krmpotsko location near Novi Vinodolski, wpd said in a press release. The value of the investment is estimated at more than EUR 120 million. The Krmpote wind farm will have an installed capacity […]
GGF Impact Report: 2.75 TWh of energy saved annually, CO2 emissions cut by 692,183 metric tons
By the end of 2018, the Green for Growth Fund (GGF) had financed nearly EUR 825 million in green investments, substantially reducing energy consumption and CO2 emissions. The fund’s investments are having a measurable impact on households and businesses by reducing their energy bills and CO2 emissions as well as enabling them to use resources […]
Nordex Group to supply turbines for HEP’s first wind farm
Croatia’s state-owned power utility Hrvatska Elektroprivreda (HEP Group) has placed an order with German wind turbine manufacturer Nordex Group for the supply of 18 N131/3600 turbines for the Korlat wind farm, according to a press release from the German group. Korlat is the first wind farm in HEP Group’s power plant portfolio. The Nordex Group […]