EPCG inks wind farm MoU with Austria’s Ivicom, feed-in tariffs not planned
Montenegro’s power utility Elektroprivreda Crne Gore (EPCG) and Austria-based Ivicom Holding have signed a memorandum of understanding (MoU) concerning the implementation of a project to build the Gvozd wind farm with a planned capacity of 50 MW, under an investment estimated at around EUR 70 million, EPCG has said in a press release. Financing for […]
CMEC considering construction of wind farms at Galica, Vlašić location
Prime Minister of the Central Bosnia Canton (SBK) Tahir Lendo met with representatives of local firms Tomix Kneževo and TLG Travnik, as well as China Machinery Engineering Corporation (CMEC) to discuss the construction of wind farms at the locations of Galica and Vlašić. CMEC and the two companies from Bosnia and Herzegovina started cooperation a […]
Hidroelectrica eyeing acquisition opportunities
Romanian power utility Hidroelectrica is considering the acquisition of wind and solar plants in Romania, as well as energy companies abroad, CEO Bogdan Badea said, Romanian media reported. According to ZiarulFinanciar, Hidroelectrica plans to open electricity trading office in Hungary. The biggest Romanian hydropower producer intends to inaugurate the office in Budapest, Hungary in September. […]
EBRD mulls equity investment in Turkish renewable energy business
The European Bank for Reconstruction and Development (EBRD) is considering an equity investment, in the form of capital increase, in Turkish renewable energy firm Ictas Yenilenebilir Enerji Uretim ve Ticaret. The portfolio of the renewable energy firm, a unit of IC Ictas Enerji Yatirim Holding, consists of around 400 MW of operational hydropower plants and […]
Romania deploys its section of 400 kV Resita-Pančevo electricity interconnector
Romania’s electricity transmission company Transelectrica has launched a double-circuit 400 kV electricity transmission line between Resita in Romania and Pančevo in Serbia, under an investment worth some EUR 18 million (RON 81.5 million). Construction work on the overhead line (OHL) started in October 2014, and the Romanian section is 63 kilometers long, with 206 transmission […]
Concession proposed for Suzlon to build, operate 25.2 MW wind farm
The Sarajevo Canton government has adopted a decision for a concession to be awarded to Suzlon Wind Energy BH, a subsidiary of India’s wind turbine supplier Suzlon Energy, to build and operate a 25.2 MW wind farm, according to reports. The final decision on the wind farm concession should be made by the canton’s parliament, […]
Macedonia, Bulgaria ink MoU to develop regulatory basis for day-ahead market coupling
The former Yugoslav Republic of Macedonia and Bulgaria have signed a memorandum of understanding (MoU) on electricity day-ahead market coupling, as part of plans to complete the coupling in the second quarter of 2019. The MoU, inked by Macedonian Minister of Economy Kreshnik Bekteshi and Bulgarian Minister of Energy Temenuzhka Petkova, is aimed at creating […]
Feed-in premiums, auctions seen replacing “obsolete” feed-in tariff model
The feed-in tariff model of incentives for renewable energy production is obsolete, and the next step will be the introduction of feed-in premiums and auctions, said Miloš Banjac, assistant energy minister for renewable energy and energy efficiency. Banjac, however, did not specify which subsidy mechanism will be in place after the existing decree on feed-in […]