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 […]
EU to provide technical assistance for Kraljevo wastewater treatment plant, remediation of Grand Bačka Canal
The European Union has secured technical assistance for the preparation of technical and tendering documentation for the construction of a wastewater collection and treatment plant in the City of Kraljevo and completion of remediation of the Grand Bačka Canal. Memoranda of understanding for the two projects have been signed by the representatives of the EU […]
Countries with Europe’s best quality bathing water revealed
Just ahead of summer vacations, the European Commission has released a report on the quality of bathing water in EU member states plus Albania and Switzerland. The latest annual European bathing water quality report is based on the 2018 data, but the results give a good indication of where the best quality bathing waters are […]
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 […]
World Environment Day: Air pollution causes nearly 5,000 premature deaths in 19 Western Balkan cities
Air pollution is directly responsible for up to one in five premature deaths in 19 Western Balkan cities, suggest preliminary results from a report led by the United Nations Environment Programme (UN Environment). Today is World Environment Day, the UN’ most important day for celebrating the environment, and the theme to the 2019 edition is […]
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 […]