EPCG, KfW ink EUR 33 million loan for Phase II of HPP Perućica’s reconstruction
Montenegro’s state power utility Elektroprivreda Crne Gore (EPCG) has signed a EUR 33 million loan agreement with German development bank KfW for Phase II of a project to overhaul and modernize the Perućica hydropower plant (HPP), the country’s oldest. The loan agreement for the second phase of HPP Perućica’s reconstruction and modernization was signed by […]
ELES, GEN-I to pursue green transformation through smart grids
Slovenian power transmission system operator (TSO) ELES and electricity trader GEN-I have signed an agreement to form a consortium that will seek to accelerate the Slovenian energy sector’s green transformation through smart grids, according to a press release from GEN-I, part of GEN Group. The agreement to pursue green energy transformation through smart grids was […]
Energy transition – A challenge with no historical precedence (part one)
Author: Goran Granić, director of Energy Institute Hrvoje Požar The energy sectors of all countries are facing a great challenge, a transition amid continuous reduction in CO2 emissions, which is a challenge with no historical precedence and which involves all participants in the technological chain of energy management, all citizens, and all economic entities. At […]
Energy Vault – energy storage made of concrete blocks and cranes
Concrete blocks and cranes that is all that you need to store electricity. How? Simple. The crane uses excess energy from renewables to lift concrete blocks, and when the power is required, the crane lifts blocks, and the generator produces it. The process is similar to a pumped-storage hydropower plant (HPP), with water substituted with […]
Europe’s largest on-shore wind farm is on sale – CEZ starts divestment in Romania
Czech energy company CEZ has officially launched the divestment process in Romania, offering seven companies in the country including Europe’s largest on-shore wind park Fantanele-Cogealac, with 600 MW of installed capacity. The move comes just days after Italian energy company Enel initiated the sale of its assets in Romania. Romanian state-owned power utilities Electrica and […]
Greece, Slovenia among five EU countries to introduce new fossil fuel subsidies – report
Five EU countries including the UK, Germany, Greece, Poland, and Slovenia are looking to introduce new fossil fuel subsidies by 2030, an analysis of the 28 Member States’ draft energy and climate plans (NECPs) has revealed. In a new report, “Fossil fuel subsidies in draft EU National Energy and Climate Plans: Shortcomings and final call […]
Croatia issues third public call this summer for geothermal exploration
The Croatian Hydrocarbon Agency (CHA) has announced a public call to select the best bid for geothermal energy exploration in the Križevci exploration area, for the purpose of issuing an extraction license for energy use, the third such invitation issued in as many months. The deadline to submit bids is September 7, 2019, according to […]
Turkey’s MB Holding to build second ORC geothermal power plant in Croatia
Zagreb-based MB Geothermal, wholly-owned by Turkish MB Holding, has signed a contract with Croatian engineering firm Ekonerg to design a binary (ORC) geothermal power plant called Legrad, with an installed capacity of 19.9 MW, in what will be MB Holding’s second major geothermal project in Croatia, according to a press release from MB Geothermal. The […]
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