Terna Energy sells Mountain Air wind farm in US
Greece’s Terna Energy has sold the 138 MW Mountain Air wind farm in Idaho in the United States to Innergex Renewable Energy Inc. for USD 215 million. According to the Greek energy company, the operating profit of the project amounted to USD 17.6 million in 2019. The sale is expected to generate a profit of […]
Zorlu Energy merging its geothermal, renewables businesses for IPO
Zorlu Enerji Elektrik or Zorlu Energy intends to establish a renewables subsidiary and prepare it for an initial public offering. The new company, Zorlu Yenilenebilir Enerji, will focus on geothermal projects, according to the agenda prepared for the general assembly next month. Zorlu Jeotermal Enerji Elektrik, Zorlu Doğal Elektrik and Rotor Elektrik, fully owned subsidiaries […]
Energy Community Secretariat launches Energy Transition Tracker for Western Balkans
The Energy Community Secretariat has launched today the Energy Transition Tracker in a move which marks the start of monitoring the energy transition process in the Western Balkans. The first report presents the current situation in Albania, BiH, Kosovo*, Montenegro, North Macedonia, and Serbia regarding emissions, energy market, renewables, energy efficiency and national energy and […]
Hoti: 105 MW wind park Bajgora in Kosovo* to come online by April
Enlight’s wind park Bajgora is scheduled to be finished in April, Kosovo’s* Prime Minister Avdullah Hoti said at the construction site during his visit with Ambassador of Germany Christian Heldt. The 105 MW project consists of 27 turbines. Prime Minister of Kosovo* Avdullah Hoti has visited the future site of a wind farm in Selac […]
Greece’s PPC Renewables inks first deal for solar power plants at coal pits
The future 230 MW photovoltaic complex in Greece’s northern lignite mining area is divided into three parts and PPC Renewables is yet to select a contractor for the largest unit – 200 MW. Metka EGN just signed its deal for a 15 MW solar park and Terna Energy is selected to build and operate the […]
First auctions for premiums in Croatia to be held by year-end
Croatia plans to hold auctions for premiums for the production of renewable energy from biomass and biogas by the end of the year while tenders for wind and solar power plants are planned for next year, according to Minister of Environmental Protection and Energy Tomislav Ćorić. He said Croatia would push the production of energy […]
Carbon prices jump in EU, taking industrial pollution costs to 14-year high
Expenses for greenhouse gas emissions at factories and energy producers briefly surged to a level unseen since 2016. As the EU tightens environmental regulations and polluters are suffering from rising carbon costs, green technologies are becoming more profitable. Uncertainty and the lockdown measures throughout the world to curb the spread of the coronavirus devastated the […]
Energy Community urges BiH to scrap feed-in tariffs for hydropower
Renewable energy installations of a maximum of 500 kW and demonstration projects are the only ones eligible for feed-in tariffs as state aid, the Energy Community Secretariat told officials in BiH, pointing to continued government support for larger hydropower projects. The Federation of Bosnia and Herzegovina proposed the reduction of feed-in tariffs for renewables, which […]