Smart transformation of coal business into geothermal heating, power system by Spanish Hunosa Grupo
Grupo Hunosa, undergoing a transformation away from coal, its basic activity, used geothermal energy from its former mine to build a 6 MW heating and power system. The project in the north of Spain won the Global District Heating Award. The cooperation between Hulleras del Norte SA and the University of Oviedo in Asturias helped […]
Verbund discontinues last coal-fired energy plant in Austria; eyes hydrogen
Government-owned Verbund switched the Mellach coal-fired heat and power unit to a backup role, ending all regular electricity supply from the fossil fuel to the grid in Austria as it studies applications for green hydrogen. As high temperatures shortened the heating season, the Mellach cogeneration facility, which covered most of the district heating in Graz, […]
Contractor picked for biomass heating plant project in Priboj
A group spearheaded by Energotehnika Južna Bačka is due to replace outdated equipment in the town in southwest Serbia as works are scheduled to start in the autumn and last one year. KfW and the Swiss government are financing the switch of district heating systems to biomass in Priboj and five other municipal units. The […]
EPCG’s net profit plunges 35.7% in 2019
Montenegrin state power utility Elektroprivreda Crne Gore’s (EPCG) net profit in 2019 dropped 35.7% against 2018, to EUR 28.3 million, according to EPCG’s annual report. In 2018 the company posted a net profit of EUR 44.1 million. Operating revenues stood at EUR 323 million in 2019, an increase of EUR 20 million compared to 2018, […]
Romania temporarily prohibits sale of majority stakes in energy companies
Romania will maintain the state of emergency for at least one more month and until it is abolished, no energy firm can be taken over. Hidroelectrica will thus need to wait longer for its acquisition of ČEZ’s subsidiaries in the country. The state of emergency has been extended for a month, to May 14. Just before […]
Renewable energy prices rebounded 10% after collapse in March
Renewable energy prices across Europe have recovered after a 15-30% fall in March and rebounded 10% in April. Prices took a substantial hit at the beginning of March, falling between 15-30% across key markets compared to average prices in February, but have largely recovered from March lows, said Pexapark, the provider of advisory services for clean […]
IHA extends deadline for hydropower projects to apply for CHF 1 million
Hydropower project developers and operators in Africa, Asia, Europe, and the Americas, including Albania, Bosnia and Herzegovina, Kosovo*, North Macedonia and Serbia, have a month and a half to apply for CHF 1 million (USD 1.02 million) in funds. The International Hydropower Association (IHA) said the deadline for the Hydropower Sustainability ESG (Environmental, Social and […]
Geothermal projects in Turkey paralyzed over COVID-19 shutdown
Supply chain interruptions due to the coronavirus pandemic brought seven projects of 100 MW in total to a halt. Ufuk Şentürk, who is at the helm of the group of investors in geothermal energy in Turkey, said the measures imposed to contain the spread of COVID-19 should lead to the declaration of a force majeure. […]