Contractor picked for biomass heating plant project in Priboj
A group spearheaded by Energotehnika Južna Bačka is due to replace outdated equipment in the town in southwest Serbia as works are scheduled to start in the autumn and last one year. KfW and the Swiss government are financing the switch of district heating systems to biomass in Priboj and five other municipal units. The […]
EPCG’s net profit plunges 35.7% in 2019
Montenegrin state power utility Elektroprivreda Crne Gore’s (EPCG) net profit in 2019 dropped 35.7% against 2018, to EUR 28.3 million, according to EPCG’s annual report. In 2018 the company posted a net profit of EUR 44.1 million. Operating revenues stood at EUR 323 million in 2019, an increase of EUR 20 million compared to 2018, […]
Romania temporarily prohibits sale of majority stakes in energy companies
Romania will maintain the state of emergency for at least one more month and until it is abolished, no energy firm can be taken over. Hidroelectrica will thus need to wait longer for its acquisition of ČEZ’s subsidiaries in the country. The state of emergency has been extended for a month, to May 14. Just before […]
Renewable energy prices rebounded 10% after collapse in March
Renewable energy prices across Europe have recovered after a 15-30% fall in March and rebounded 10% in April. Prices took a substantial hit at the beginning of March, falling between 15-30% across key markets compared to average prices in February, but have largely recovered from March lows, said Pexapark, the provider of advisory services for clean […]
IHA extends deadline for hydropower projects to apply for CHF 1 million
Hydropower project developers and operators in Africa, Asia, Europe, and the Americas, including Albania, Bosnia and Herzegovina, Kosovo*, North Macedonia and Serbia, have a month and a half to apply for CHF 1 million (USD 1.02 million) in funds. The International Hydropower Association (IHA) said the deadline for the Hydropower Sustainability ESG (Environmental, Social and […]
Geothermal projects in Turkey paralyzed over COVID-19 shutdown
Supply chain interruptions due to the coronavirus pandemic brought seven projects of 100 MW in total to a halt. Ufuk Şentürk, who is at the helm of the group of investors in geothermal energy in Turkey, said the measures imposed to contain the spread of COVID-19 should lead to the declaration of a force majeure. […]
Megajoule Adria to conduct wind resource assessment for Poklečani wind farm
Power utility Elektroprivreda Hrvatske Zajednice Herceg Bosne (EPHZHB) has selected Zagreb-based Megajoule Adria to prepare a study on a wind resource assessment for the Poklečani wind farm. According to the EPHZHB, Megajoule Adria has offered to conduct a wind resource assessment for BAM 12,500 (about EUR 6,400). A public invitation to prepare the study was launched […]
World Bank grants EUR 9.4 milion to Kosovo* for renewables, energy efficiency
Kosovo’s Ministry of Finance and Transfers and the International Development Association, part of the World Bank Group, have signed the agreement on a EUR 9.4 million grant. The support was approved within the Renewable Energy and Energy Efficiency Project, implemented by Kosovo* and the World Bank. The grant is part of a USD 32.5 million […]