Construction launched on solar cladding plant in Croatia
Varaždin-based Farmex, a distributor of vitamins, minerals, and medicines also registered for operations in the energy sector, has started building a plant to produce solar cladding, Varaždinske vijesti reported. The solar cladding plant, which will produce façade panels, will be built under an investment of HRK 50 million (around EUR 6.78 million), some HRK 10 […]
CEZ Romania swings to net loss in 2018 on decreased wind power generation
Czech energy company CEZ Group in Romania posted a net loss of RON 50.3 million (about EUR 10.6 million) in 2018, compared to a net profit of RON 421.2 million (around EUR 89 million) in 2017, as its largest energy facility, the Fantanele-Cogealac wind farm, produced a total of 1,105 GWh of electricity, 218 GWh […]
Terna Energy secures refinancing for largest Greek wind farm
Alpha Bank, Eurobank Ergasias and National Bank of Greece have provided EUR 117 million in non-recourse refinancing for the 73.2 MW Aghios Georgios wind farm operated by a subsidiary of Terna Energy, global law firm Norton Rose Fulbright has said in a press release. The wind farm owned by Terna Energy is located on the […]
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 […]