Electricity consumption in Romania increases by 8.5%
As local companies used 10.6% more energy, electricity consumption rose 8.5% in the first quarter of the year, data from the National Statistics Institute (INS) showed, according to a report published by Romania Insider. Public lightning was up 1.8%, while individual consumers used 2.4% more electricity. Total production rose by 0.3% year on year, to […]
Supporting scheme for green power amended
Predicting energy generation output in advance will make Turkish electricity market more secure, Mustafa Yılmaz, head of Energy Market Regulatory Authority (EMRA), told Anadolu Agency. According to the recently revised legislation on power plants called the Supporting Mechanism for Renewable Energy Resources, or Yekdem scheme, the electricity registered in the system can be sold on […]
Hydropower plant Perućica beats quarterly production plan
Successful generation results marked the first three months of this year in the oldest large-scale power plant in Montenegro. Hydropower plant Perućica delivered the first volumes of electricity to the electrical power system in May 1960. It was named after well Perućica in its immediate vicinity. Around 385.5 GWh of electricity was generated in the […]
China’s HEAG to build wind farms in Balkans
Huayi Wind Energy Co. Ltd. (HEAG) opened its regional office in Belgrade as official entry into the wind energy market in Serbia and the Balkans, Xinhua reported. HEAG, founded in 2002 in China, has been engaged in the design, manufacturing, sales and maintenance of wind turbines and wind farms. The opening ceremony was attended by […]
Investments in renewables estimated at EUR 7 billion
Romanian Association of Large Industrial Energy Consumers (ABIEC) presented a report drawn up by PricewaterhouseCoopers, entitled ‘The Impact of Support Schemes of Renewable Energy in Romania and Lessons Learnt from EU Countries’, Act Media carried. According to the document, the value of total direct investments is estimated at EUR 7 billion, most of which in […]
IFC joining EBRD in investment in Akfen’s green energy
The International Finance Corporation will join the European Bank for Reconstruction and Development in supporting the renewables branch of Turkish conglomerate Akfen Holding with a combined investment of EUR 175.5 million, SeeNews reported. The two development banks will have equal stakes in Akfen Yenilenebilir Enerji AŞ and make equal investments, according to a public filing. […]
Coupling Croatia with Slovenia may take until end of 2017
Estimates for day-ahead market coupling of Croatia with Slovenia are being revised to be set for the final quarter of next year. ICIS portal revealed it obtained information the schedule initially determined for the second half of 2016 was off and that the possible hike in prices in Croatia may be postponed. Integration with the […]
Slovenian-Japanese project NEDO to start by September
As early as next month or in September, the first phase of testing of new technologies and solutions in working smart networks could be initiated as a result of bilateral cooperation between Slovenia and Japan. NEDO demonstrational project, which will last for three years and is worth EUR 30 million, comes against a backdrop of […]
