Montenegro leading energy transition in region
In May 2019, Montenegro joined the not-so-large group of countries that managed to cover the entire electricity demand over a certain period of time from domestic renewable energy sources. “This proves that energy transition is possible, that it is possible to stop using fossil fuels for electricity production,” says Montenegro’s Economy Minister in charge of […]
wpd Adria plans EUR 1.5 billion investment in 1.2 GW wind farms in BiH, Croatia
wpd Adria, a subsidiary of German renewable energy company wpd, intends to invest EUR 1.5 billion in an integrated 1.2 GW wind farm system in the Livno-Grahovo-Knin area in Croatia and Bosnia and Herzegovina, according to Zoran Obradović, managing director at wpd Adria, eKapija reported. The Dubrovnik-based wpd Adria is currently in the process of […]
European Commission: Kosovo* continues to rely on lignite, some progress seen on renewables
Kosovo* has some level of preparation in the field of energy, but continues to rely on highly polluting lignite, according to the European Commission’s latest annual report, part of its annual assessment of the implementation of reforms in the Western Balkan partners. Kosovo* made some progress in the area of energy, including the adoption of […]
PPC inaugurates hybrid wind-hydro system on island of Ikaria
Greek power utility Public Power Corporation (PPC) has launched Europe’s second hybrid renewable energy park, combining wind and hydraulic energy with energy storage, and Grid Master Control System solutions, on the Aegean island of Ikaria. The 6.9 MW project has been implemented by PPC Renewables, a subsidiary of the majority state-owned PPC. The first European […]
North Macedonia launches tendering for construction of solar power plants backed by premiums
The Government of North Macedonia has launched tendering for the construction of solar photovoltaic (PV) power plants with a combined capacity of 35 MW on state land, according to a press release from the Government. Plots of land for the construction of PV power plants with a total capacity of 25 MW are offered in […]
HEP to install Obrovac Sinjski, Konačnik solar power plants with total capacity of up to 95 MW
Croatian state power company Hrvatska Elektroprivreda (HEP) plans to build two solar power plants – the 60 MW Obrovac Sinjski and the 35 MW Konačnik in the Splitsko-Podravska County, according to applications submitted to the Ministry of Environmental Protection and Energy. The two power plants are part of HEP’s investment cycle to soak around EUR […]
IEEFA: GE lost billions in market capitalization by misjudging energy transition
According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA), General Electric (GE) lost USD 193 billion or 74% of its market capitalization over 2016-2018. “This value destruction was driven in large measure by the collapse of the new thermal power construction market globally – a collapse which caught GE entirely […]
Construction on 250 MW Briska Gora solar power plant to begin in 2020
The first phase of works on a solar power plant with an installed capacity of 250 MW on the Briska Gora locality near Ulcinj, Montenegro will begin in 2020 and last 18 months, state power utility Elektroprivreda Crne Gore (EPCG) CEO Igor Noveljić has said. In a statement to Vijesti, Noveljić said that he expects […]