EIB to ditch fossil fuel projects from 2021
The European Investment Bank intends to stop funding fossil fuel projects from 2021, according to the draft of the EU bank’s new energy lending policy. In the document, titled EIB energy lending policy – Supporting the energy transformation, the bank said that its activities would shift away from fossil fuel projects and focus on four […]
USD 350 million secured for 3 new units at EFELER, Turkey’s largest geothermal power plant
Turkey’s Gurmat Elektrik, a renewable energy subsidiary of Güriş Holding, has secured a USD 350 million financing package for three new units at EFELER, the country’s largest geothermal power plant, according to a joint press release from three major development banks. EFELER is located in western Turkey, in the region of the Buyuk Menderes Graben […]
Croatia’s HEP to install solar park near its lone coal-fired power plant
Croatian power utility Hrvatska Elektroprivreda (HEP) intends to install a 25 MW solar park in the area of the Kršan municipality, in the eastern part of the Istrian peninsula, the Glas Istre portal reported. Notably, HEP operates its only coal-fired power plant, Plomin, in this municipality. Mayor Valdi Runko said that the Kršan municipality and […]
Brave Women of Kruščica win EuroNatur Award for averting construction of 2 SHPPs
The Brave Women of Kruščica have won the EuroNatur Award for 2019 for their 500-day action that prevented the construction of two small hydropower plants (HPPs) in the village in Bosnia and Herzegovina. For more than 500 days and nights, a group of women from the village of Kruščica blocked a bridge crossing the river […]
Wind dominates Top 3 Most Read list for July
The news that Croatia’s state-owned power utility Hrvatska Elektroprivreda (HEP Group) is going ahead with its first wind farm was number-one on our English-language Top 3 Most Read list for July. The Top 3 Most Read list for July is also available for our portal’s Serbian/local language version. 1 – Nordex Group to supply turbines […]
Romania, Slovenia among five countries eyeing new European Commission’s energy portfolio
Five EU member states, including Estonia, Latvia, Romania, Poland, and Slovenia, are interested in getting the energy portfolio in the next European Commission, HotNews.ro reported. The candidates for European energy commissioner are Kadri Simson from Estonia, Virginijus Sinkevicius, Linas Linkevicius or Saulius Skvernelis from Latvia, Luminita Odobescu from Romania, Krzysztof Szczerski from Poland, and Janez […]
CROPEX to organize auctions of guarantees of origin
Croatian power exchange CROPEX will organize auctions of guarantees of origin through the IT auction trading platform, CROPEX said in a press release. The first two auctions will be held on August 29 and 30. CROPEX will organize the auctions to sell guarantees of origin for wind generation in the production period Q1 and Q2 […]
CLEAG’s Geothermae declared strategic investment project by Croatian government
The Government of Croatia has declared geothermal project AAT Geothermae at Draškovec as a strategic investment project for the country. This innovative geothermal power plant is financed by the EU’s NER 300, one of the world’s largest funding programs for innovative low-carbon energy demonstration projects. The AAT Geothermae power plant is located at Draškovec, in […]