EIB approves loan for CHP plant in Sofia
The board of the European Investment Bank (EIB) has approved a EUR 45 million (USD 53 million) loan to the municipality of Sofia for the construction of a combined heat and electric power (CHP) plant. Once built, the plant will operate as part of the Bulgarian capital’s central heating network, local media reported, quoting an EIB […]
Turkish Zorlu Energy, US First Solar looking to build solar panel plant in Turkey
Turkish power company Zorlu Energy Group is negotiating with the US company First Solar on the construction of a solar panel factory in Turkey. Zorlu Energy Group President Sinan Ak told Turkish media that First Solar wants his company to take over solar panel distribution in 26 countries before committing to the construction of the […]
Mirova acquires majority stake in two Croatian wind farms
Renewable energy fund Mirova-Eurofideme 3 has bought 46% stake in RP Global’s 43.7 MW Danilo and 34.2 MW Rudine wind farms in Croatia. Having acquired 49% in July 2016, Mirova now owns 95% of the two wind farms on the Adriatic coast. Mirova-Eurofideme 3 is managed by Mirova, an affiliate of Natixis Global Asset Management […]
First Greek “smart” battery for households in February 2018
An attractively designed working model of the first Greek-designed lithium ion “smart” battery for households will be ready for domestic consumers in February, 2018, Vasilis Nikolopoulos, the co-founder and CEO of Greek firm Intelen Inc has told the Athens-Macedonian News Agency (ANA) radio station ‘Praktorio 104.9 FM’. Greek media report that in his interview to […]
Belgium company Elicio completes Malibunar wind farm
Belgian utility’s project is prelude for nearby power generation facility of 21 Senvion units. Wind turbines of 8 MW in total capacity, or 2 MW each, were presented in the area of the town of Alibunar, less 60 kilometres northeast of Serbia’s capital Belgrade. Elicio NV’s Malibunar project is located near a site where the […]
EPS completes Đerdap 1 unit revitalization, ups capacity by 60 MW
The overhaul of four units of hydroelectric power plant Đerdap 1 has increased the plant’s installed capacity by 60 MW, which will result in its electricity generation increasing by 90 million kWh, or 2% of last year’s production. Having completed the revitalization of hydro generators A4, A5 and A6, state-owned power company Elektroprivreda Srbije (EPS) […]
Work on Israel-Cyprus-Greece 1520 km electricity link to start in 2018
Work on an electric cable linking the power grids of Israel, Cyprus and Greece is to start in the first quarter of 2018 and is expected to last until 2022. Israeli regulators are expected to give their approval next month, announced Nasos Ktorides, head of the EuroAsia Interconnector project. Greek and Cypriot regulators’ expected approval […]
Republika Srpska increases fees for power from renewable sources
The Republika Srpska Regulatory Commission for Energy decided to raise the fees that consumers pay to provide incentives for electricity produced from renewable energy sources. Electricity bills will be 0.7 percent higher from the start of 2018. The Commission said in statement that a number of new power production facilities had been built in Republika […]