Transeastern acquiring hydro, wind projects
According to a letter of intent, Transeastern Power Trust from Canada will take over three operational small hydropower plants in Romania with an overall capacity of 3.65 MW. The company announced a transaction, calculated on a debt-free basis of CAD 7.5 million, or EUR 5 million. On February 1, Transeastern announced a proposed acquisition of […]
First day-ahead power market starts operations
Croatian Power Exchange Ltd., CROPEX and European electricity market Nord Pool announced the launch of the first day-ahead power market in Croatia. The start follows end-to-end testing period during January, the press release said. It comes as a result of a 2015 agreement by Nord Pool to service CROPEX including implementation of systems and operations […]
Croatia has biggest rise in wind power in Southeastern Europe
Wind power capacity in 2015 increased 22% in Croatia, the most in the region, as the country added 76.2 MW, data published by the European Wind Energy Association (EWEA) show, SeeNews reported. Croatia’s cumulative wind power capacity stood at 422.7 MW at the end of the year, EWEA said in its 2015 Wind in Power […]
Workshop on energy efficiency of municipalities held in Bitola
The Energy Agency of Macedonia and the World Bank promoted a project on energy efficiency in municipalities in the southwestern town of Bitola,
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 […]
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 […]
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 […]
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 […]