UAE’s Masdar signs deal to invest in Montenegro wind farm Krnovo
Masdar, Abu Dhabi-based renewable energy company has signed a share purchase agreement with Akuo Energy, the leading French IPP in renewable energy, to enter into Krnovo wind farm in Montenegro, which is on stream since November 2017. Both sides announced that under the agreement, Masdar will acquire 49% of Krnovo Green Energy. The agreement was signed […]
Slovenian Energy Agency allocated incentives for electricity generation from renewables and CHP
The Slovenian Energy Agency has selected 93 projects with an installed capacity of 98 MW, which will receive incentives for the production of electricity from renewable energy sources and cogeneration of heat and power (CHP) with high efficiency. The total value of funds under this tendering procedure was EUR 10 million. Wind farms dominated the list […]
Albania is looking for consultancy services for solar auction implementation
The European Bank for reconstruction and development (EBRD) and the Albanian Ministry of Energy and Industry (MEI) have launched an invitation for expressions of interest (CSU) for consultancy services for the implementation of the 50 to 100 MW solar auction in Albania. Closing date is January 31, 2018. Selected consultants are asked to provide support […]
Elektroprivreda BiH planning five major projects by 2020, including wind farm and hydro power plants
The power utility Elektroprivreda Bosne i Hercegovine (EPBiH) is planning to start the construction of five new facilities to produce electricity, including the Podveležje wind farm, small hydro power plants on the Neretvica river and the hydro power plants Janjići and Una Kostela-Aneks over the next three year. The total investments in that period will […]
Energy Wood III – EUR 10,000 still available for biomass heating systems
The implementation of the third phase of the Energy Wood project, which started in October last year in Montenegro, will continue in 2018, until the remaining EUR 10,000 for modern biomass heating systems are spent. Over the past three months, more than 200 interest-free loans have been approved for biomass (pellet and briquettes) heating systems. Still, […]
Turkey has awarded 2,1 GW of wind power capacity in 32 regions
The multi-day tender marathon in Turkey offering an aggregate amount of 2,130 MW of wind power capacity, finished with preliminary licenses issued for 2,110 MW in 32 different regions in the country. The licenses were issued in the last couple of days of 2017, according to the Turkish Electricity Transmission company (Teias). Successful bids ranged […]
Kovačica wind park secured EUR 142 million from three lenders
Kovačica, a 104.5 MW wind farm under construction in Serbia, has successfully secured EUR 142 million and reached the financial close. The financing in the amount of EUR 142 million is provided by parallel loans from Erste Group Bank AG (supported by the German Export Credit Agency Euler-Hermes), Erste Bank Serbia, and the European Bank for […]
Croatia postponed free trade of renewable energy again
The Croatian government postponed the launch of renewable energy free trade for 2019. This is the second consecutive year that the supplier’s obligation to buy electricity from wind farms or other renewable energy sources (RES) at regulated purchase price has been prolonged. According to the provisions of the Croatian Law on Renewable Energy Sources (RES) […]