IEEFA: GE lost billions in market capitalization by misjudging energy transition
According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA), General Electric (GE) lost USD 193 billion or 74% of its market capitalization over 2016-2018. “This value destruction was driven in large measure by the collapse of the new thermal power construction market globally – a collapse which caught GE entirely […]
Construction on 250 MW Briska Gora solar power plant to begin in 2020
The first phase of works on a solar power plant with an installed capacity of 250 MW on the Briska Gora locality near Ulcinj, Montenegro will begin in 2020 and last 18 months, state power utility Elektroprivreda Crne Gore (EPCG) CEO Igor Noveljić has said. In a statement to Vijesti, Noveljić said that he expects […]
5 MWe biomass cogeneration plant officially opened in the city of Slatina
Resalta, the energy efficiency and renewable energy company, marked the opening of the Slatina biomass cogeneration plant in Croatia this week. The 5 MWe plant is one of the major renewable energy projects in that part of the country and produces enough electricity to power 500 households, according to a press release from Resalta. Resalta, […]
Ministry announces public call for subsidizing installation of solar thermal panels in North Macedonia
North Macedonia’s Ministry of Economy has published a public call to allocate MKD 30 million (around EUR 488,000) to households for purchasing solar thermal panels and PVC or aluminum windows, the Ministry said on its website. The public call is part of the implementation of the 2019 program for the promotion of renewable energy sources […]
Ministers on region’s energy transition: Countries have right to choose their own energy mix
Energy, economy, and foreign ministers of Bulgaria, Hungary, Montenegro, Romania, Republika Srpska (an entity of Bosnia and Herzegovina), and Serbia believe that energy knows no borders, which requires regional cooperation, while they are adamant that every country has the right to determine its own energy mix. According to the ministers, who spoke at the Summit […]
Montenegro registers 10 days of coal-free electricity generation
Montenegro produced enough electricity to cover domestic consumption from renewable energy sources only from May 24 to June 2, 2019, for the first time ever going coal-free for 10 days, the Government of Montenegro said in a press release. During the period, coal-fired power plant Pljevlja was not operating, yet Montenegro produced around 82 million […]
European Commission: Albania should urgently diversify away from hydropower, properly conduct environmental assessments
Albania is moderately prepared in the area of energy, according to the European Commission’s latest report on the country’s alignment with the EU acquis. Albania’s national energy strategy 2018-2030 has been adopted, the Chapter 15 section of the report notes. However, the country has delayed electricity market reforms and should accelerate implementation of the connectivity […]
Applications invited for 15th Regional Summer School to focus on energy and climate planning
The 15th Regional Summer School on Energy and Climate Planning will be held in the Ethno Village Čardaci in the Vitez municipality in Bosnia and Herzegovina from August 18 to 24. The summer school is organized by the Regional Education and Information Centre (REIC), in cooperation with the GIZ Open Regional Fund for South-East Europe […]