Global investment in offshore wind power rises fourfold in first half of 2020
The allocation of funds for renewable energy from January to June outperformed data from most economic reports in the world, which can largely be attributed to offshore wind power. The sum of investment decisions in the subsector jumped 319% to USD 35 billion on an annual basis, topping the result from entire last year. The […]
Galascope completes solar power plants of 7.5 MW in Cyprus
RCB Bank financed the construction of two solar power plants in Cyprus with the help of the European Investment Bank. Galascope connected the facilities with an overall capacity of 7.5 MW to the grid and it will sell electricity in the open market. Galascope connected two photovoltaic parks of 7.5 MW in total to the […]
EFT signs concession for 60 MW solar power plant in Bileća in BiH
Energy Financing Team SE Bileća inked a deal for its first photovoltaic unit. After EFT Group’s subsidiary launched the initiative for a concession to build a 60 MW solar power plant, the Republic of Srpska started the procedure in January. The Ministry of Energy and Mining of the Republic of Srpska said Minister Petar Đokić […]
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 […]
