Solar PV park developers file for arbitration against Romania
Ten developers of solar photovoltaic (PV) parks have filed for arbitration proceedings before the International Centre for Settlement of Investment Disputes (ICSID) against Romania over the state’s changes to the renewables subsidy scheme. The companies that filed the request are claiming Romania broke the Energy Charter Treaty by cutting the subsidies, which are approved as […]
EEX, BSP Southpool to launch Slovenian power futures
The European Energy Exchange (EEX) will list Slovenian cash-settled, Euro-denominated futures contracts on its pan-European power derivatives platform, the Slovenian Energy Exchange (BSP Southpool) said in a statement, adding that the new power futures will be settled against the SIPX spot market index as calculated by BSP Southpool. The launch of the new contracts is […]
Energy minister announces new draft law on renewables
Minister of Environmental Protection and Energy Tomislav Ćorić has announced a new draft law on renewable energy sources in order to simplify the procedure for such projects. The current Croatian law on renewables and high-efficiency cogeneration was adopted in September 2015. According to the Croatian media, the minister announced that the new draft law would […]
Energy Community finds distortions of state aid rules regarding Kosova e Re power plant
The Energy Community Secretariat believes that several elements of the power purchase agreement signed between the Kosovo* Government and the US-based ContourGlobal for 500 MW Kosova e Re power plant constitutes state aid. In the meantime, Reuters reported that the World bank has not confirmed it will back the project as it announced earlier. According […]
EU reaches agreement on binding 32% target for renewables
A binding EU target of 32% of final energy consumption from renewables by 2030 with an upwards revision clause by 2023 was reached between negotiators from the Parliament, Commission, and Council. New targets and rules were also agreed for self-consumption, biofuels, and the heating and cooling sector. The European Commission had proposed a target of […]
EMS starts work on EUR 8.15 million Bistrica substation
State power grid operator Elektromreža Srbije (EMS) has launched preparatory works for building an EUR 8.15 million substation in western Serbia, which will help improve the stability of electricity transmission and distribution systems of Serbia, Montenegro, and Bosnia and Herzegovina, local media reported. High-voltage equipment for the 220/110 kV Bistrica substation, worth EUR 1.4 million, […]
Global Wind Day: The local impact of wind energy in the spotlight
Today is Global Wind Day, a time to take stock of the global success story that was once a niche technology. The wind supply chain is benefitting regions across the globe, including economically less-advantaged ones. Citizens are benefitting from shared ownership of wind farms. Wind farms are also contributing to local economic activity through the […]
Macedonia’s ELEM to shut down Oslomej coal-fired power plant
The former Yugoslav Republic of Macedonia’s state-owned electricity producer ELEM has decided to shut down its 125 MW Oslomej coal-fired power plant, with an installed capacity of 125 MW, according to a news release from the largest Macedonian electricity producer. According to the news release, the decision to shut down the Oslomej thermal power plant was […]