China’s State Grid to buy 24% stake in Admie
China's State Grid is a preferred strategic investor to buy a 24 percent stake in Greece's electricity grid operator Admie, sa9d the board of Public Power Corp.
Bulgarian ESO plans to add 1,4 GW renewable energy by 2025
Bulgarian Electricity system operator (ESO/TSO) announced 1,8 GW boost in power generation capacity for a total of 52,6 TWh of electricity delivered to the network within the next 10 years, reports SEE News. This ambitious plan was published in a document on the ESO website, along with a plans for a development of Bulgarian power distribution […]
Incentives for green energy, CHP systems get OK in Brussels
The European Commission said it approved changes to a Slovenian support scheme for renewable energy and high-efficiency cogeneration under the European Union’s state aid rules. The amended scheme will increase renewable energy production in line with the bloc’s energy objectives and without unduly distorting competition, according to a press release published last week. In May […]
Wind power industry losses in Romania reaching EUR 1 billion
Ernst & Young (EY) study, commissioned by the Romanian Wind Energy Association (RWEA), showed that the net loss of the wind power industry in Romania for 2015 is EUR 421 million, making the total losses in 2014-2015 up to EUR 909 million. Wind power projects, worth about EUR 5 billion in total, are the most […]
Works on Montenegro-Italy power cable starts in Montenegro
Building of 400 kV underwater power cable between Montenegro and Italy has just started from Montenegrin side with an official ceremony held in Jaz Cape, located between towns of Budva and Kotor. The cable will be built by Italian electricity transmission company Terna and Montenegrin Electric Power Transmission (CGES). Once the underwater power cable is […]
DIV Group plans to build largest wind farm in BiH
Croatian group DIV from Samobor announced it will build the largest wind farm in Bosnia and Herzegovina. According to Croatian business weekly Lider, the power plant will be built next to Tomislavgrad in the country’s south and works should start next year. The group, which is mostly engaged in shipbuilding and production of screws, will […]
New regulations luring investors in renewables
The legislation that Serbia adopted in June will attract capital and help launch green energy projects, said participants at a conference in Belgrade titled “New PPA Package in Serbia – Main Challenges”. The event was organized by Petrikić & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz with the support of ADVANTAGE AUSTRIA Belgrade. For […]
Power monopoly EAC to split into two on December 1
The accounts and operations units of the national power utility will start the separation on December 1, Andreas Poulikkas, chairman of the Cyprus Energy Regulatory Authority (CERA), said last week. The Cyprus Electricity Authority (EAC) is in the final stages of preparation for for the split, he added after presenting the company’s report for last […]
