EPCG to invest EUR 700 million to build new renewables capacities, upgrade other facilities
State power utility Elektroprivreda Crne Gore (ЕPCG) will invest a total of EUR 700 million to build new renewable energy capacities and upgrade its other power generation facilities to bring them into line with environmental standards, with the aim of reducing dependence on imports due to hydrologic conditions, local media reported following a session of […]
Four in five EU coal power plants unprofitable: Greece’s PPC faces EUR 596 million loss, Romania’s CE Oltenia EUR 567 million
Four in five EU coal power plants are unprofitable and utilities could lose EUR 6.6 billion this year alone, finds a new report from financial think-tank Carbon Tracker. Looking at the region, Greek utility PPC could lose EUR 596 million this year, Romanian utilities could lose EUR 567 with CE Oltenia alone facing losses of […]
EIB rejected Vinča incinerator project citing EU rules, activists claim
The European Investment Bank decided against funding the incinerator in Vinča over the targets in waste recycling and circular economy that are defined in chapter 27 of the talks about Serbia’s accession to the European Union, according to Don’t Let Belgrade Drown. The finance institution estimated, the initiative’s representatives claim, that it acted in compliance with […]
Court halts expansion of largest coal mine in Romania following Bankwatch appeal
A Bucharest court has blocked an expansion of Rosia, the largest coal mine in Romania located in Gorj county, following a legal challenge to the mine’s environmental permit lodged by Bankwatch Romania. Romania is among seven EU countries that have not declared when they will stop using coal. In 2016, Complexul Energetic Oltenia (CEO), the […]
wpd windmanager takes over operational management of Jasenice wind farm from Kelag
Bremen-based wpd windmanager has taken over the operational management of the 11.5 MW Jasenice wind farm in Croatia owned by Austrian energy company Kelag. As of 1 July, 2019, wpd windmanager is responsible for the technical management as well as for the administrative coordination and reporting obligations for the wind farm of Austrian energy supplier […]
Serbian energy regulator approves grid’s development, investment plans
The Energy Agency of the Republic of Serbia (AERS) has approved the Transmission System Development Plan for 2019-2028 and the Transmission System Investment Plan for 2019-2021. The plans were adopted by state-owned company Elektromreža Srbije, Serbia’s transmission system operator (TSO). In the Development Plan for 2019-2028, the list of production capacities expected to be connected […]
11 mayors from region join EU-wide declaration on just transition to post-coal era
A group of 41 mayors from 10 coal regions in 9 European countries including 11 mayors from Bosnia and Herzegovina, Bulgaria, Greece, Montenegro, and Romania have signed a declaration supporting a just transition to the post-coal era. The signatory mayors also come from Germany, Slovakia, Poland, and the Czech Republic, while two are from non-EU […]
CROPEX sells 166,779 guarantees of origin in third auction
Croatian power exchange CROPEX has sold 166,779 guarantees of origin (GO) through the IT trading platform, in its third auction of GOs, according to a press release from CROPEX. “In the third guarantees of origin auction for electricity from incentivized producers (Q3/2019) held on October 18, a total of 166,779 GOs was sold at a […]