Serbian EMS buys share in transmission utility CGES
Transmission system operator Elektromreža Srbije (EMS) purchased 10% of ownership of the Montenegrin Electric Power Transmission System (CGES) for EUR 13.84 million at Montenegrin Stock Exchange, Mina-Business news agency said. A total of 14.57 million stocks were purchased in 197 transactions. The price jumped 9.2% to EUR 0.95 per share. Serbian Prime Minister Aleksandar Vučić earlier […]
Hydro, wind, photovoltaics output to grow by 14.65%
Green energy output from Romanian hydroelectric power, wind and photovoltaics will grow 14.65% through 2019, according to a power balance estimate of the National Prognosis Board (CNP), Agerpres reported. Renewable energy facilities hit an aggregate capacity of 5.1 GW at the end of November 2015, power grid operator Transelectrica’s data show, according to an article […]
Metka’s subsidiary wins international contracts
Athens-listed firm Metka said its subsidiary Metka EGN has signed contracts for turn-key engineering, procurement and construction (EPC) as well as the operation and maintenance of seven photovoltaic power production units with a total capacity of over 116 MW in Puerto Rico and the United Kingdom. The contracts add up to EUR 112 million, the […]
BioRES project wraps up first year of implementation
BioRES – Sustainable Regional Supply Chains for Woody Bioenergy is a project of 30 months which started in January 2015, financed by the European Commission’s Horizon 2020 research and innovation fund. In the first year of implementation, four steering comities were organized in Freising, Germany; Joensuu, Finland; Novi Sad, Serbia; and Graz, Austria. Activities consisted […]
Building energy efficient residential sector with EBRD
The European Bank for Reconstruction and Development is fostering energy efficiency in the residential sector of Kosovo* with an additional EUR 1 million loan to Kreditimi Rural i Kosovës (KRK), one of the strongest rural microfinance lenders in the country. The new funding is being provided under the Kosovo* Sustainable Energy Projects Framework (KoSEP) in […]
Net metering – photovoltaic sector’s only hope
Many member countries of the European Union are increasing their reliance on fossil energy, much of it imported, despite large domestic renewable resources and the fact that the European Union (EU) has pledged to develop renewables totalling 20% of all generation capacity before 2020 and 50% of all capacity before mid-century. As Lee Buchsbaum outlines […]
Study: legislation improves development of renewables
Partial implementation of the national law on renewable energy has been one of the main factors why interest for investments in the energy sector has been focused only on small hydropower plants, according to a study published by the Albanian Centre for Energy Regulation and Conservation – ACERC. The summary report finds the implementation level […]
Cretan interconnection plan scaled back
The Independent Power Transmission Operator (IPTO or Admie SA) cut back on the scale of its interconnection plan intended to link Crete with the grid serving the wider Athens area and, for the time being, will connect the island as far north as the Peloponnese, according to sources of Energy Press portal. The operator is […]
