Six companies submit applications to install 257 MW of PV plants in Croatia
The construction of seven solar power plants with a combined installed capacity of 257 MW is planned in Croatia, according to applications submitted to the Ministry of Environmental Protection and Energy. The two power plants with a total capacity of 95 MW planned by Croatian power utility Hrvatska Elektroprivreda (HEP) alone would increase Croatia’s total installed solar […]
Energy Vault – energy storage made of concrete blocks and cranes
Concrete blocks and cranes that is all that you need to store electricity. How? Simple. The crane uses excess energy from renewables to lift concrete blocks, and when the power is required, the crane lifts blocks, and the generator produces it. The process is similar to a pumped-storage hydropower plant (HPP), with water substituted with […]
Piraeus Bank joins EUR 650 million EIB green infrastructure investment program
Piraeus Bank has agreed to support a new EUR 650 million infrastructure investment program developed by the Hellenic Ministry of Development and Investments and the European Investment Bank (EIB). Piraeus is the second leading Greek bank to confirm participation with the scheme, after the National Bank of Greece. Piraeus Bank will identify and invest in […]
Croatia’s largest integrated solar power plant for self-consumption unveiled
Genera, the Croatian subsidiary of the UK-based veterinary products manufacturer Dechra Pharmaceuticals, has officially opened the country’s largest integrated solar power plant for self-consumption. The integrated solar renewable energy facility, built under a GBP 1.3 million investment partially subsidized by EU funds, features 5,543 rooftop photovoltaic (PV) panels fitted at Genera’s plant in Sveta Nedelja, […]
Europe’s largest on-shore wind farm is on sale – CEZ starts divestment in Romania
Czech energy company CEZ has officially launched the divestment process in Romania, offering seven companies in the country including Europe’s largest on-shore wind park Fantanele-Cogealac, with 600 MW of installed capacity. The move comes just days after Italian energy company Enel initiated the sale of its assets in Romania. Romanian state-owned power utilities Electrica and […]
Greece, Slovenia among five EU countries to introduce new fossil fuel subsidies – report
Five EU countries including the UK, Germany, Greece, Poland, and Slovenia are looking to introduce new fossil fuel subsidies by 2030, an analysis of the 28 Member States’ draft energy and climate plans (NECPs) has revealed. In a new report, “Fossil fuel subsidies in draft EU National Energy and Climate Plans: Shortcomings and final call […]
Croatia issues third public call this summer for geothermal exploration
The Croatian Hydrocarbon Agency (CHA) has announced a public call to select the best bid for geothermal energy exploration in the Križevci exploration area, for the purpose of issuing an extraction license for energy use, the third such invitation issued in as many months. The deadline to submit bids is September 7, 2019, according to […]
Alliance of local communities declares “state of emergency” on Mt. Stara Planina over SHPPs
The Mt. Stara Planina alliance of local communities has declared a “state of emergency” on that mountain due to violations of the laws and the Constitution of Serbia related to the construction of small hydropower plants (SHPPs). The public is already aware of the situation in the village of Rakita, where the state has not […]