Moglicë hydropower plant in Albania starts delivering electricity
Statkraft’s Moglicë hydropower plant in Albania has started commercial operations, delivering its renewable power to the Albanian grid. Moglicë is the larger of the two hydropower plants in the Devoll hydropower project and will generate approximately 450 GWh per year, the Norwegian power producer said on its website. The installed capacity of the hydropower plant […]
40 artists back Blue Heart campaign to protect Balkan Rivers on occasion of World Music Day
Forty well-known artists from around the Balkan region are seeking to shake people up and help avert the looming destruction of nature in their home countries. On the occasion of World Music Day, which is celebrated annually on June 21, the artists take a stand in short video testimonies. Among them are Darko Rundek from […]
Goldman Sachs sees renewables investment beating oil & gas for first time ever in 2021
Renewable energy investment in 2021 is expected to surpass oil and gas for the first time in history, according to a report recently published by the US-based investment bank and financial services company Goldman Sachs. Next year, renewable energy will become the largest area of spending in the energy industry, accounting for about 25% of […]
Croatia reduces green power surcharge for energy-intensive companies
Energy-intensive companies in Croatia could save up to EUR 10 million a year through the government’s scheme to reduce the surcharge they pay for incentivizing renewable energy production. The European Commission has approved, under EU State aid rules, a Croatian scheme that grants reductions to energy-intensive companies on a surcharge to finance support for renewable […]
Vienna powers second subway station with brake energy converter
When underground trains arrive at Altes Landgut in a southern district in Vienna, braking energy is recovered for illumination and the electric devices at the station. Friction creates heat and braking releases energy. After a successful pilot in 2018, the public transport operator in the Austrian capital introduced an inverter at another underground station. The […]
Vinex Etil inaugurates 2.2 MW biogas CHP plant near Zrenjanin
The company Vinex Etil has put into operation a combined heat and power (CHP) plant on biogas in the village of Lukićevo near Zrenjanin in Vojvodina. The company invested EUR 4.8 million in a 2.2 MW cogeneration plant. Goran Ilić, owner of Vinex Etil, said the heat would be used to produce bioethanol or medical […]
IPO of Hidroelectrica on hold as Romania bans sale of state assets for two years
The long-awaited stock market listing of the flagship hydropower producer in Romania was postponed yet again. Lawmakers in Bucharest voted to freeze all activity aimed at the privatization of any part of state-owned companies and the measure includes the initial public offering – IPO planned for Hidroelectrica. The opposition, led by Social Democratic Party (PSD), […]
Statkraft to start building floating photovoltaic unit at Banja HPP in Albania
The first of four rafts with solar panels and a diameter of 70 meters is scheduled to be finished before the end of December, according to Statkraft, which is installing the first floating photovoltaic plant in Albania with Ocean Sun from Norway. Ocean Sun is delivering a floating 500 kW direct current system for the […]