ČEZ adds capital to Romanian wind operations
The conversion of a claim against Tomis Team SA into shares resulted in a capital increase of EUR 153 million in Czech utility ČEZ’s projects operating Fântânele-Cogealac wind farm, Romania Journal said in a report. The transaction aimed at reducing the debt of EUR 185 million to the government in Prague, according to Economica.net. Europe’s […]
EBRD mulls support for Gama’s acquisition of two HPPs
The European Bank for Reconstruction and Development (EBRD) said it is considering providing a senior secured loan of up to USD 45 million (EUR 40.1 million) to special purpose vehicle Kremna Enerji ve Ticaret AŞ, fully owned by Gama Enerji AŞ (GEAS), for the acquisition of hydropower plants (HPPs) Karacaören 1 and Karacaören 2 located […]
Increased rainfall boosts hydropower generation
Electricity production from the three biggest hydropower plants in Turkey jumped 150% in the first quarter from the same period of last year, state-owned Elektrik Üretim AŞ’s (EÜAŞ) data revealed, according to a report by Anadolu Agency’s Energy Terminal. Combined electricity output in the first quarter reached 3.7 TWh at Ataturk, Karakaya and Keban hydroelectric […]
Procedure underway for concessions for 37 SHPPs
Macedonian Ministry of Environment and Physical Planning published a call for bids for awarding concession on waters utilization for the generation of electricity. The DBOT (design, build, operate, transfer) model will be implemented for 37 small hydropower plants (SHPPs) in the basins of rivers Vardar,Treska, Bregalnica, Strumica and Crn Drim. Commission for application of the […]
Bilbao hosts WindEurope workshop on operating wind farms
WindEurope, formerly known as EWEA, held its third bi-annual Analysis of Operating Wind Farms workshop on April 14 and 15, in Bilbao, Spain. This was the first event under the new name after the organization officially rebranded on April 6 – a decision made to reflect the transformation of wind energy from a niche sector […]
Event bioenergy for business held in Zagreb
The first national info day was held at the Energy Institute Hrvoje Požar as part of project Bioenergy for Business (B4B). The endeavour is financed by European Union’s research and innovation programme Horizon 2020. Institute Hrvoje Požar is one of partners in B4B for Croatia. The project aims at supporting and promoting partial substitution of […]
Albania, Macedonia, BiH abide by renewables directive
The Energy Community Secretariat said Albania, Macedonia and Bosnia and Herzegovina rectified the failure to comply with the renewable energy directive (2009/28/EC). Albania’s and Macedonia adopted National Renewable Energy Action Plans (NREAP) earlier this year, while BiH submitted its own, formally bringing cases ECS-3/14, ECS-4/14, ECS-5/14 to the end, the secretariat said on its website. […]
SWIF eyes Romania after Bulgarian investment
A 16% return on investment is planned in Bulgaria, Aubry de Koster, investor relations officer at Solar World Invest Fund (SWIF), told SeeNews in an interview. The Luxembourg-based private equity company closed a double acquisition in March. It took over from China’s ReneSola two photovoltaic plants in Sliven in the country’s southeast, for an undisclosed […]