Contracts-for-Difference
Turkey issues auction call for wind farm projects of 1.2 GW in total
28 October 2024 - Under the REZ WPP-2024 – YEKA RES-2024 auction round, companies will bid for five wind farm projects in Turkey
Turkey plans 89 GW of new solar, wind power by 2035
26 October 2024 - The Government of Turkey aims to almost quadruple wind and solar power capacity to 120 GW by 2035, according to the new roadmap
Southeastern Europe has major role in Masdar’s 100 GW target
08 October 2024 - The acquisition of Terna Energy will facilitate Masdar’s growth in the CEE region and beyond, Business Development and Investment Director Ahmed Al Awadi said
Masdar, Taaleri reach financial close on Čibuk 2 wind farm in Serbia, sign CfD
24 September 2024 - Masdar and Taaleri SolarWind III Fund reached the financial close for the Čibuk 2 wind power plant in Serbia. UniCredit and Erste provide project financing.
Romania issues call to first CfD auction for wind, solar power
12 September 2024 - Romania published a call to an auction for awarding CfD contracts for wind and photovoltaic projects of 1 GW and 500 MW, respectively
UK aims to turn new state-owned firm GB Energy into energy giant
06 September 2024 - The city of Munich owns more British offshore wind capacity than the UK government, Energy Secretary Ed Miliband told lawmakers
Romania approves CfD scheme for auctioning 5 GW of wind, solar capacity
06 August 2024 - Romania approved the contract-for-difference subsidy mechanism for wind and solar power projects that win the support at upcoming tenders
Albania declares eight winners at 300 MW solar power auction
10 July 2024 - The lowest bid at Albania's solar power auction came in at EUR 39.7 per MWh, against a starting level of EUR 59.97 per MWh
DTEK’s subsidiary DRI buys 126 MW solar power project in Romania
19 June 2024 - Renewable energy company DRI acquired its third project in Romania. The Văcărești solar farm is planned to have 126 MW in capacity.
EU’s key energy market reforms coming into force
22 May 2024 - The EU enacted electricity and gas market reforms and a framework to boost the development of hydrogen and other decarbonized gases
Banks in Serbia receiving lot of requests for grid connection guarantees
17 May 2024 - Banks in Serbia are receiving numerous requests for guarantees for renewables requiring grid connection and most investors have firm collateral instruments, according to speakers at Belgrade Energy Forum
Curtailments, record-low power prices threaten renewables investments in Greece, Spain
20 April 2024 - Renewable energy developers have underestimated the effects of curtailments and low wholesale prices
European Parliament passes electricity, gas market reform
12 April 2024 - European lawmakers adopted the energy market design reform proposal to facilitate decarbonization and ease the impact of sharp price swings
Kosovo* adopts Law on the Promotion of the Use of Renewable Energy Sources
09 April 2024 - Only after the first auction was held, lawmakers in Prishtina passed the Law on the Promotion of the Use of Renewable Energy Sources, which introduces CfDs
Greece to subsidize two major solar and storage projects with EUR 1 billion
04 April 2024 - The European Commission has given the green light for the subsidies, which will take the form of two-way contracts for difference
Enlight completes financing for wind power project Pupin in Serbia
26 March 2024 - Israeli renewables developer Enlight signed loan, offtake and balancing deals for its 94.4 MW Pupin wind power project in Serbia