Most consumers don’t invest in energy efficiency

Honeywell, a Fortune 100 company with operations in energy efficiency technology sector, said many homeowners in Turkey fail to implement technologies which cut heating bills and simplify the process, domestic media said. Results of a survey in Izmir, Istanbul and Ankara revealed 53% of respondents do not invest in reducing heating costs. A quarter heats […]

News February 8, 2016

Radu Dudău selected to coordinate energy strategy

The co-founder and head of the Energy Policy Group (EPG) thinktank agreed to assume responsibility for the process of creating Romania’s energy strategy for the 15 year period through 2030, with an outlook for another 20 years, the Business Review reported. Radu Dudău is an advisor to energy minister Victor Grigorescu and was participating in […]

News February 8, 2016

CGES invested EUR 42 million in electricity grid

The interest of regional and international companies in Montenegrin Power Transmission System (CGES) is an important indicator of the company’s quality and its position in the overall market, the Ministry of Economy told Dnevne novine newspaper. The company has so far invested over EUR 42 million in the local grid, Mina-Business reported. Ministry adds great […]

News February 8, 2016

Geothermal plant will have at least 10 MW in power

Croatia’s first geothermal power plant project, with the choice of Turboden as the provider, is planned for the launch of construction in March. The site is located near Bjelovar in the country’s north at the hottest spring in Croatia, which was discovered 25 years ago. The expected temperature is higher than 170 degrees Celsius, state-controlled […]

News February 8, 2016

Fondul Proprietatea evaluates Hidroelectrica at EUR 3 billion

Fondul Proprietatea (FP) assessed the 19.9% equity stake in Hidroelectrica SA in December to be worth RON 2.65 billion (EUR 586 million), valuing the whole company is at EUR 3 billion, up 22% from the previous estimate, The Diplomat reported. The revisions of December 2013 and 2014 were upward, but the last update had the […]

News February 7, 2016

Romania least energy dependent in the region

Following Norway, Estonia, Denmark and Iceland, Romania had the highest position by energy independence in Europe in 2014. Importing only 17% of the consumption demand, it fared the best among the markets followed by Balkan Green Energy News, Eurostat’s data showed. The overall result for the EU was 53.4%, in the range of the readings for the […]

News February 4, 2016

Only 906 green certificates traded in January

Opcom, the energy market operator, said the Centralized Green Certificates Market (PCCV) experienced a veritable crash last month, portal Nine o’Clock reported. Only 104 sale offers and three purchase offers were registered. The number of units traded stood at just 906. The closing price was RON 131.08 (EUR 29.26) per certificate. The volume traded dropped […]

News February 4, 2016