Electrica exiting two wind energy projects
Citing declining profitability of renewable energy, Romanian utility revealed a plan to terminate the development of two wind parks, which is reflected by financial statements by the management, Business-Review reported. Electrica SA was listed on markets in Bucharest and London in July last year, and made a decision at the time to postpone investment in […]
Phoenix Solar gets contract for 6.9 MW solar array
German photovoltaic system integrator Phoenix Solar AG said it would build a solar array of 6.9 MW in central Anatolia, in partnership with local company Asunim Yenilenebilir Enerji Teknolojileri, SeeNews reported. The firms were awarded the order by a Turkish consortium. Its value was not disclosed. The contract calls for Phoenix Solar to undertake all […]
Monsson Group dismantling wind park in Constanța
Local legislation has rendered a wind power plant in Targuşor, Constanța county, unfeasible, according to its operator Monsson Group, controlled by businessman Emanuel Muntmark, Ziarul Financiar’s portal said. The company and its project partners decided to remove turbines from the 27 MW project due to market uncertainty, Romania Insider reported. “Unfortunately, major changes in renewables […]
Three companies from China bid for HPP project
State-run company Hidro Tarniţa SA has three bidders left in the race for the construction of a 1 GW hydro pumped storage facility Tarnița – Lăpuștești on Someșul Cald river in Cluj county in Romania’s northwest, Economica.net reported. The plant project, which has been stalled for the last three decades, is worth over EUR 1 […]
EPS plans solar and wind projects at coal-fired plant complex
State-controlled Electric Power Industry of Serbia (EPS) called for offers in the procurement of a preliminary feasibility study with a general project for the construction of a solar power plant in the slag and ash pond of thermal power plant Kostolac A, located 100 kilometers east of Belgrade. It also placed a public invitation for […]
Phantom energy companies drain government funds
Thermal power plant operators AES and ContourGlobal, alongside renewable energy sources, will remain the primary sources in the energy mix of Bulgaria, a recent document shows. The latest pricing changes show that AES’s Maritsa Iztok-1 and ContourGlobal’s Maritsa Iztok-3 set their share in the system at 20% and 25.2%, respectively, 3e-news.net reported. Meanwhile, according to […]
Power purchase agreement may cure deal fatigue
No country of this region can hope for a prosperous future without closer cooperation with its neighbours and Europe. Gaetano Massara, CEO of GE South East Europe, the world’s leading infrastructure technology provider, who is covering 11 countries of the region from his Belgrade and Zagreb offices, told Balkan Green Energy News that looking at […]
Canton grants concession for SHPP in Olovo
As investor Energonova DOO from Sarajevo agreed to a fee of 10% and to invest at least BAM 80,000 (EUR 40,920) in village infrastructure, the authorities of Zenica–Doboj Canton approved the concession for the construction of a small hydropower plant in Petrovići in the territory of Olovo, in central part of Bosnia and Herzegovina. The […]
