Akfen to build 4 new wind farms, 9 PV plants with EBRD’s backing of up to USD 102 million
The European Bank for Reconstruction and Development (EBRD) is providing a financing package of up to USD 102 million to the renewable energy arm of the Turkish conglomerate Akfen Holding. The funds will be invested in building four new wind farms and nine solar photovoltaic (PV) plants with a combined capacity of 327 MW, the […]
Kopač warns BiH Framework Energy Strategy until 2035 is useless without related law
Energy Community Secretariat Director Janez Kopač has said that Bosnia and Herzegovina’s (BiH) recently adopted BiH Framework Energy Strategy until 2035 is useless in terms of attracting major investments without the passage of a related law. The BiH Framework Energy Strategy until 2035, which the BiH Council of Ministers adopted in late August, is a […]
Belgium’s Elicio brings 42 MW Alibunar wind farm on stream
Belgium’s Elicio has completed the construction of the 42 MW Alibunar wind farm with 21 turbines, which will supply electricity to 38,000 households. The launch ceremony was attended by Serbian Minister of Mining and Energy Aleksandar Antić. The Alibunar wind farm, whose construction has soaked an investment of EUR 80 million, will result in the […]
Bulgarian PM proposes electricity transmission JV with Montenegro, possibly Serbia
Bulgarian Prime Minister Boyko Borissov has proposed for Bulgaria and Montenegro to set up a joint venture for electricity transmission, possibly with participation from Serbia, according to local media. Borissov, who made the proposal during his recent visit to Montenegro, where he met Montenegrin Prime Minister Duško Marković and other officials, was quoted as saying […]
Čibuk 1, Serbia’s largest wind farm, set to start production “earlier than initially planned”
Čibuk 1 has reached a number of key milestones and is on schedule to start production in early 2019, according to a press release from the United Arab Emirates’ (UAE) Masdar, the majority stakeholder in Tesla Wind, which owns Vetroelektrane Balkana, the project company behind Čibuk 1, set to become Serbia’s largest wind farm. GE […]
KEDS introducing 20 kV overhead lines to cut network losses, improve security of supply
Distribution system operator KEDS has been building new 20 kV overhead lines and upgrading existing 10 kV lines to 20 kV, with the aim of reducing network losses and improving the security of electricity supply in Kosovo*, according to a press release on KEDS’ website. KEDS said overhead lines (OHLs) of 20 kV are being […]
EIB issues first Sustainability Awareness Bond as Bankwatch urges it to shift away from fossil fuels
Just as the European Investment Bank (EIB), heavily present in South-East Europe (SEE), issued its first, EUR 500 million Sustainability Awareness Bond, CEE Bankwatch Network, one of the largest networks of environmental civil society organizations (CSO) in Central and Eastern Europe, unveiled a report calling on the lender to shift away from financing fossil fuels […]
HPP Bogatići Nova put into operation after EUR 9.45 million investment
Power utility Elektroprivreda Republike Srpske (ERS) has put into operation hydropower plant (HPP) Bogatići Nova, with an installed capacity of 9.96 MW, built in an investment of BAM 18.5 million (about EUR 9.45 million). HPP Bogatići Nova, on the Željeznica River near Sarajevo, should generate an average of 46.26 million KWh of electricity a year, […]