Draft National Energy and Climate Plan envisages EUR 32.7 bln in investments to boost RES share to 32% by 2030
Greece’s draft National Energy and Climate Plan calls for EUR 32.7 billion in investments from 2020 to 2030 for the share of renewable energy sources (RES) in energy consumption to rise to 32% and electricity production to 55%. Comments to the draft plan are due by December 3, according to the Ministry of Environment and […]
EP approves 2030 target of 32% for renewables, 32.5% for energy efficiency, 35% for CO2 emissions cuts for trucks
The European Parliament (EP) has approved a binding 2030 target for renewables of 32% and an indicative target on energy efficiency of 32.5% that will play a crucial role in meeting the EU’s climate goals, according to a press release from the EP. By 2030, energy efficiency in the EU has to have improved by […]
Lack of public participation reason to challenge any permit granted for small HPP – Energy Community
Public participation is an essential part of environmental assessment procedures, which must be implemented by all Contracting Parties. If this obligation is not met the Secretariat will initiate a dispute settlement case to ensure that Energy Community (EnC) law is implemented in practice, said the EnC’s Secretariat in its statement on small hydropower (HPP) development, […]
Fintel Energija to start trading on BELEX on Nov. 20 as it completes Serbia’s 1st IPO in 80 years
Belgrade-based renewable energy company Fintel Energija, a subsidiary of Italy’s Fintel Energia, will start trading on the Belgrade Stock Exchange (BELEX) on November 20, having successfully completed Serbia’s first initial public offering (IPO) in nearly 80 years, raising a total of some RSD 755.2 million, or around EUR 6.3 million, for a new wind farm […]
Serbia, Croatia, BiH, Bulgaria, Romania, Cyprus among countries to improve green transition scores – EBRD
Serbia, Croatia, Bosnia and Herzegovina (BiH), Bulgaria, Romania, and Cyprus are among countries that improved their 2018 scores in the area of green transition compared to 2017, while the scores of Albania, Macedonia, Greece, Kosovo*, Montenegro, and Turkey, among other markets, remained unchanged, according to the European Bank for Reconstruction and Development’s (EBRD) Transition Report […]
Consortium led by India Power Corporation wins bid to build 100 MW solar power plant
The Albanian Energy and Infrastructure Ministry has selected a consortium led by India Power Corporation to build the country’s first solar power plant with an installed capacity of 100 MW, in an investment worth EUR 70 million. The members of the consortium, which was selected among 3 bidders in the final phase of the bidding procedure, […]
Draft regulations discussed for Macedonia to introduce prosumers, premiums for PV, wind energy projects
A public debate was organized in Skopje on November 8 to discuss a draft rulebook and a draft decree to regulate the sector of renewable energy sources over the coming period, including prosumers and tendering procedures with electronic reverse auctions to award premiums to investors seeking to build PV and wind energy capacities. The draft […]
Tendering for 4 wind farms launched, ceiling price set at USD 0.055/kWh
Turkey’s Energy and Natural Resources Ministry has launched tendering for the construction of four wind farms with a total installed capacity of 1,000 MW, according to reports. This is the second wind power tendering announcement issued by the ministry. In August last year, the ministry awarded a 1 GW wind farm to a consortium including two Turkish […]