Renewables

State mulls scrapping development of 1 GW hydro plant

Photo: Pixabay

Published

September 10, 2016

Country

Comments

0

Share

Published:

September 10, 2016

Country:

Comments:

0

Share

The government in Bucharest is considering the option to abandoning a renewable energy project worth EUR 1 billion. Energy minister Victor Grigorescu said Romania’s cabinet is looking for alternatives for hydro pumped storage unit Tarnița – Lăpuștești, designed for 1 GW, as quoted by News.ro on September 7.

There are prospects to switch to several small hydropower plants, he added and revealed EUR 3 million have already been spent.

Furthermore, a feasibility study from 2006 said the public–private project was a failure, said Ovidiu Agliceru, chairman of the board of Hidroelectrica SA. Grigorescu stated the upcoming national energy strategy may show a way forward. The power plant was intended to balance the energy system, especially with plans to launch two nuclear reactors in Cernavodă.

Chinese contractors were lining up to finance the project and return the funds through sales of electricity. The option with several units would open separate projects for investors.

Related Articles

Floating wind farm project unites fishermen, investors in Ireland

01 July 2022 - A joint 2 GW floating wind farm project is the first cooperation in the world between the two opposing sectors.

Voltalia breaks ground Albania biggest solar park Western Balkans Karavasta

Voltalia breaks ground in Albania for biggest solar park in Western Balkans

01 July 2022 - The site for the Karavasta solar park spans 196 hectares in Fier county in Albania's west. The planned capacity is 140 MW.

two-wind-farms-axpo-romania

Switzerland’s Axpo to build two wind farms in Romania

30 June 2022 - The construction of the two wind farms, with a combined capacity of 250 MW, is expected to begin at the end of 2023

renewables

Greece passes renewables law targeting 15 GW in new capacity by 2030

30 June 2022 - Greece adopted a new law on renewables licensing, which includes various measures related to the energy crisis