IFC leads Akuo’s loan project to finance 77.5 MW wind farm
French green power producer Akuo Energy said it signed a mandate letter with International Finance Corporation (IFC) to finance the erection of the 77.5 MW Bağlar wind farm near Konya. The mandate letter provides for IFC to lead and arrange a syndicate of other multilateral agencies or commercial banks to provide up to EUR 100 […]
Bulgaria’s Solarpro Holding turns to net loss in 2014
Bulgarian provider of products and services for the solar industry Solarpro Holding said it turned to net loss of BGN 993,000 (EUR 507,700) in 2014 from net profit of BGN 57,000 a year earlier, reported SeeNews portal. The company’s revenues grew to BGN 3.9 million in 2014 from BGN 2.6 million in 2013, it said […]
Investment in renewables in EU all but ceased last year
Southern Europe is still almost a no-go area for investors in energy from renewable sources because of retroactive policy changes, most recently those affecting solar farms in Italy, said a press release before the launch of the ninth annual report by United Nations Environment Programme (UNEP). The document entitled ’Global Trends in Renewable Energy Investment […]
Conergy launches solar joint venture
Hamburg-based downstream solar specialist Conergy announced the establishment of a company called RKT Conergy, co-owned with the CO Group from Turkey, aimed at expanding in that country’s market. The joint venture will be led by Heinz-Peter Tienken, Conergy’s Vice President responsible for global engineering and service, and Utku Korkmaz, managing director of RKT, CO’s project […]
Slovenia plans to build Morača hydro plant with Turkey
President of Slovenia Borut Pahor said possibilities for expansion of cooperation with Turkey exist, namely in constructing the Morača hydroelectric power plant in Montenegro, RTV Slovenija said. At his official visit to Slovenia, the president of Turkey Recep Tayyip Erdoğan agreed with his counterpart and emphasized that cooperation could grow stronger mainly in the fields […]
Geothermal district-heating pilot project for Bečej
Bečej is one of five municipalities in Serbia which plan to implement a pilot project for using geothermal water for district heating, its website said. Analyses results by the Faculty of Mining and Geology from Belgrade showed Bečej is the only location with cost-effectiveness potential, local officials said at a press conference. The project’s study […]
Generation from renewable sources sets daily record
Strong wind and favorable sunshine on March 22 brought the daily share of power generation from renewable sources to a record 47%, Phileleftheros newspaper’s portal said. Another point is that the transmission system operator handled the extreme situation with ease. At 10 a. m. the active production capacity was 408 MW, out of which 138 […]
Sanski Most to host country’s first MW-size PV plant
Mustafa Avagić, Sanski Most municipality head, told local Hronika Sana web TV programme, the largest solar power plant in the country would be built in Bosanski Milanovac. Austrian company my-PV implements the project with the capacity of over 1 MW, 20 kilometers from the municipal seat, and the cantonal Ministry of Construction, Spatial Planning and […]