GE Renewable Energy to supply 52 wind turbines to Fina Enerji
GE Renewable Energy will deliver 52 of its 3 MW platform onshore wind turbines to Fina Enerji for four wind farms in Turkey: Bağlama, Tayakadın, Yalova, and Pazarköy. The deal also includes a 10-year servicing agreement. With a total capacity of 193 MW, the wind farms will produce enough clean energy to power the equivalent […]
Over 1.2 million people in Europe request green post-COVID-19 recovery
The European Parliament passed a resolution urging the EU’s authorities to put citizens at the heart of the revival strategy after the devastation from the coronavirus. MEPs overwhelmingly insist the upcoming budget must be in line with the European Green Deal. Ahead of the vote, more than 1.2 million people signed an environmentalist organizations’ petition […]
Turkey to schedule 1 GW solar tender for third quarter
Turkey plans to complete the tendering procedure for 1 GW in solar power in the next quarter, Turkey’s Minister of Energy and Natural Resources Fatih Dönmez said during the online Turkey Energy Summit. The tendering procedure was first planned for January 2019, but it was later pushed back to April of this year, and then […]
Households in UK are earning money by consuming green electricity
The rise in the share of renewables in the system requires more flexibility to keep the grid in balance. This spring the energy system in the UK was occasionally challenged by the fall in consumption due to COVID-19 and increased production in solar and wind power plants. In order to help overcome the issue, supply […]
Goverment adopts decree to introduce premiums for renewables in Croatia
The Government of Croatia has adopted a decree on quotas to incentivize the production of electricity from renewable energy sources and high-efficiency cogeneration, which marks the introduction of premiums for stimulus. The decree has been adopted on the basis of the energy sector development strategy until 2030, with projections until 2050, and the national energy […]
TENDERING: EBRD seeks consultant for renewable energy auctions in Serbia
Firms and consortiums can submit proposals to the EBRD by June 8 for assistance and advisory services in the preparation and implementation of renewable energy auctions in Serbia. In line with the request from Serbia’s Ministry of Mining and Energy, the European Bank for Reconstruction and Development is open for proposals for assistance in the […]
Corporate power purchase agreements – time to get ready!
Authors: Louise Dalton, Partner, CMS London; Ivan Gazdić, Partner, CMS Belgrade; Igor Đorđević, Attorney-at-Law, CMS Belgrade; Charlotte Rihoy, Trainee Solicitor, CMS London To date, renewable energy projects in the Balkans have been supported by traditional feed-in tariff subsidy schemes (FiT). Certain Balkan countries (e.g. North Macedonia and Bulgaria) have begun to implement alternative schemes, such as […]
Finance in Motion releases impact investment report Road to Impact
In 2019 Finance in Motion advised funds which had facilitated over 70,000 new loans to small businesses and households and were helping prevent the emission of more than 870,000 tons of CO2 every year, according to its annual impact investment report Road to Impact. The asset manager said that by the end of last year […]