Hidroelectrica eyeing CEZ, Enel assets in Romania
Following power distribution and supply company Electrica, another Romanian state-owned energy company, power producer Hidroelectrica, has revealed it is eyeing Czech energy company CEZ’s assets in Romania, as well as assets owned by Italian energy company Enel in Romania, according to reports. Hidroelectrica, Romania’s largest power producer 80% owned by the state and 20% by […]
Croatia: from incentives to premiums until renewable energy target is reached
Author: Maja Pokrovac, Managing Director at Renewable Energy Sources of Croatia (RES Croatia)* With its 36.4% renewable energy target, set under its National Energy and Climate Plan (NECP), Croatia is one of the most ambitious EU member states. This sends a clear signal to investors that the country seeks to fully utilize its natural renewable […]
Six power utility EPS employees arrested over mini HPP Dubočica 2
Police have arrested six employees at Serbia’s state power utility Elektroprivreda Srbije (EPS) in Kraljevo on suspicion of office abuse related to the construction of a power facility for the Dubočica 2 mini hydropower plant (HPP), EPS said in a press release. The suspects arrested on office abuse charges concerning the Dubočica 2 mini hydropower […]
TENDERING: Montenegro leasing land for wind farm on Brajići locality
Montenegro’s Ministry of Economy has launched tendering for a long-term lease to state land for the construction of a wind farm with a minimum installed capacity of 70 MW on the Brajići locality in the municipalities of Budva and Bar. The land on the Brajići locality spans 13,791,606 square meters. The minimum lease fee requested […]
Floating met mast for offshore wind measurements deployed off Makronisos
Greece’s Streamlined Naval Architects LTD in co-operation with ETME, ERGOMARE S.A. and Enalios Diving Center has deployed the FloatMast platform, an innovative floating met mast platform for offshore wind measurements, according to an announcement from Streamlined. The floating met mast is located 250 meters off the coast of the uninhabited Aegean island of Makronisos, at […]
Construction launched on solar cladding plant in Croatia
Varaždin-based Farmex, a distributor of vitamins, minerals, and medicines also registered for operations in the energy sector, has started building a plant to produce solar cladding, Varaždinske vijesti reported. The solar cladding plant, which will produce façade panels, will be built under an investment of HRK 50 million (around EUR 6.78 million), some HRK 10 […]
CEZ Romania swings to net loss in 2018 on decreased wind power generation
Czech energy company CEZ Group in Romania posted a net loss of RON 50.3 million (about EUR 10.6 million) in 2018, compared to a net profit of RON 421.2 million (around EUR 89 million) in 2017, as its largest energy facility, the Fantanele-Cogealac wind farm, produced a total of 1,105 GWh of electricity, 218 GWh […]
Terna Energy secures refinancing for largest Greek wind farm
Alpha Bank, Eurobank Ergasias and National Bank of Greece have provided EUR 117 million in non-recourse refinancing for the 73.2 MW Aghios Georgios wind farm operated by a subsidiary of Terna Energy, global law firm Norton Rose Fulbright has said in a press release. The wind farm owned by Terna Energy is located on the […]