News

RWE teams up with HEP to tap on renewables’ potential

Published

July 2, 2015

Comments

comments icon

0

Share

Published:

July 2, 2015

Comments:

comments icon

0

Share

Novenerg, a 50-50 joint venture aiming to exploit the potential of renewable energy sources, was founded on July 1 by Germany’s RWE AG and Croatia’s national electricity company HEP Group. The project was started in order to strategically evaluate and analyse potentials of investment in power generation in the sector, with a focus on Southeastern Europe’s markets, HEP said.

The venture, headquartered in Zagreb, will look at acquisitions and develop decentralized projects. It’s field of operation includes waste-to-energy and increasing efficiency in existing facilities, two companies said.

„After almost twenty years of cooperation in building and managing Plomin 2 thermal power plant, we concluded what was an exceptionally successful partnership, but exiting Plomin the RWE isn’t leaving Croatia. That is why we founded a venture company through which we will together explore the possibilities to invest in renewable energy sources in Southeastern Europe,“ said RWE Croatia’s CEO Karl Kraus (pictured left), who signed the agreement with HEP’s CEO Perica Jukić (right). RWE’s role will be, above all, to to provide strategic consulting, because of the group’s great experience throughout Europe, Kraus added.

Related Articles

Number prosumers Romania spikes 79 in one year 204 000

Number of prosumers in Romania spikes 79% in one year to 204,000

02 April 2025 - Prosumers in Romania operated 2.44 GW of capacity at the end of January or 63% more than one year before, according to ANRE

european commission co2 standards new cars vans delay 2027

EU gives European carmakers more time to comply with CO2 standards

02 April 2025 - Transport & Environment says the delay for carmakers proposed by the European Commission must be the final concession

Greek companies expand Bulgaria solar power investments

Greek companies expand to Bulgaria with solar power investments

02 April 2025 - PPC and Masdar's Greek subsidiary Terna Energy are separately building two solar power plants in Bulgaria, valued at EUR 190 million in total

montenegro cges profit 2024 aleksandar mijuskovic

Montenegro’s TSO CGES achieves EUR 25 million profit in 2024

02 April 2025 - Implementation of crucial infrastructure projects, investments in new technologies, and improvement of work processes were the decisive factors for the success