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 […]
EIB to ditch fossil fuel projects from 2021
The European Investment Bank intends to stop funding fossil fuel projects from 2021, according to the draft of the EU bank’s new energy lending policy. In the document, titled EIB energy lending policy – Supporting the energy transformation, the bank said that its activities would shift away from fossil fuel projects and focus on four […]
USD 350 million secured for 3 new units at EFELER, Turkey’s largest geothermal power plant
Turkey’s Gurmat Elektrik, a renewable energy subsidiary of Güriş Holding, has secured a USD 350 million financing package for three new units at EFELER, the country’s largest geothermal power plant, according to a joint press release from three major development banks. EFELER is located in western Turkey, in the region of the Buyuk Menderes Graben […]