Fintel Energija to start trading on BELEX on Nov. 20 as it completes Serbia’s 1st IPO in 80 years
Belgrade-based renewable energy company Fintel Energija, a subsidiary of Italy’s Fintel Energia, will start trading on the Belgrade Stock Exchange (BELEX) on November 20, having successfully completed Serbia’s first initial public offering (IPO) in nearly 80 years, raising a total of some RSD 755.2 million, or around EUR 6.3 million, for a new wind farm […]
Serbia, Croatia, BiH, Bulgaria, Romania, Cyprus among countries to improve green transition scores – EBRD
Serbia, Croatia, Bosnia and Herzegovina (BiH), Bulgaria, Romania, and Cyprus are among countries that improved their 2018 scores in the area of green transition compared to 2017, while the scores of Albania, Macedonia, Greece, Kosovo*, Montenegro, and Turkey, among other markets, remained unchanged, according to the European Bank for Reconstruction and Development’s (EBRD) Transition Report […]
Albania, Kosovo* to jointly build 200 MW hydropower plant
Albania and Kosovo* will jointly build a 200 MW hydropower plant (HPP) in the area between Dragash and Prizren, Kosovo* Minister of Economic Development Valdrin Lluka said. He said that the project will receive support from the European Union in the amount of EUR 20 million, Albaniandailynews portal reported. According to the minister, the idea […]
Republika Srpska’s electricity balance for 2019-2021 projects annual surpluses of over 1,500 GWh
The Republika Srpska government has passed a decision on the adoption of state power utility Elektroprivreda Republike Srpske’s (ERS) electricity balance for 2019 and a decision on the adoption of ERS’ electricity balance for 2019-2021, projecting significant balance surpluses in the observed period, according to a statement issued following a government session on Monday, November […]
Draft regulations discussed for Macedonia to introduce prosumers, premiums for PV, wind energy projects
A public debate was organized in Skopje on November 8 to discuss a draft rulebook and a draft decree to regulate the sector of renewable energy sources over the coming period, including prosumers and tendering procedures with electronic reverse auctions to award premiums to investors seeking to build PV and wind energy capacities. The draft […]
Hidroelectrica to invest EUR 1.19 billion over the next five years, to add 200 MW in renewables capacities
State-owned power utility Hidroelectrica plans to invest RON 5.56 billion (EUR 1.19 billion) over the next five years in the upgrades and maintenance of facilities, but also in acquisitions. Hidroelectrica’s goal is to add 580 MW in generation facilities, of which 200 MW will be solar and wind capacities, Bogdan Badea, CEO of Hidroelectrica said, […]
Electricity prices in Energy Community rise 11% for households, decline 19% for industry in last four years – ACER
In the period between 2013 and 2017, the average electricity price for households in the Energy Community (EnC) Contracting Parties (CPs), without Ukraine, increased by 11%, from 6.8 euro cents/kWh to 7.5 euro cents/kWh, while average industrial prices decreased by 19%, from 6.5 euro cents/kWh to 5.2 euro cents/kWh. The share of the energy component […]
Advocacy group calls for improved regulatory framework, premiums to incentivize renewables in Croatia
Croatia’s current investment potential in the sector of renewable energy sources is estimated at about EUR 1 billion, but for the potential to be realized, the country needs to tackle key challenges such as transitioning the incentive system to premiums, according to an advocacy group called Platforma za dobru energiju (Platform for Good Energy). The […]