VEC Energia acquired by Energo-Pro
The deal for the full acquisition of VEC Energia Holding EAD, the second in scale private hydropower plant operator in Bulgaria, was completed by Energo-Pro Bulgaria EAD. The shares were transferred on January 30 and Energo-Pro stepped in as the sole shareholder of VEC and the six hydropower plants, owned by the company directly and […]
Cyprus, Israel mull models for boosting green energy
A power link between Cyprus, Israel and Greece called the EuroAsia Interconnector would improve the potential of Cyprus and Israel to further develop renewable energy sources (RES), said Eitan Parnass, director general and founder of the Green Energy Association of Israel and secretary of Global Solar Council. At a presentation about green energy and bilateral […]
Energy development stands above politics
Countries in the region, and generally in Europe, have strained budgets because of economic and political difficulties, so investments in green energy can be spurred through public–private partnership, Aleksandra Tomić, President of the Committee on Economy, Regional Development, Trade, Tourism and Energy at the National Assembly of Republic Serbia, told Balkan Green Energy News. She […]
Support payments rise 9% on 4% increase of output
At the end of September the feed-in system included 3,915 power plants with a combined installed capacity of 428 MW, Slovenian power market operator Borzen said. The trend of rising support payments continues in the first nine months of this year, according to the company’s report. Total electricity production within the support system increased by […]
Public Power Corporation won’t be privatized further
There are no plans for the state’s share in Public Power Corporation (PPC) to diminish, according to Panos Skourletis, minister for productive reconstruction, energy and environment, Greek Reporter portal said. He addressed the future of the government-controlled utility and the future of energy in Greece during an interview with RealFM 97.8 radio station. The state […]
EU pledges funds for Albania–Macedonia interconnection
The Western Balkans 6 ministerial meeting took place at the seat of the Energy Community Secretariat in Vienna in the presence of Johannes Hahn, European commissioner for neighbourhood policy and enlargement negotiations. The Ministry of Energy and Industry of Albania said the European Union guarantees financial backing for the construction of the country’s 400 kV […]
Campania’s firms at EnergyMed eye Albania investment
EnergyMed fair in Naples hosted dozens of operators from Mediterranean countries and China to help the introduction of Italian technology overseas. “We have worked on relations with several firms from Campania,” Erlet Shaqe, president of the Albanian energy association, told ANSAmed.info. The most interesting projects that could be developed include the system of conversion of […]
Yıldız: 4 GW to be added in 2015, mostly from renewables
Turkey will add 4 GW to electricity production capacity in 2015, energy minister Taner Yıldız said, adding 95 percent will be provided through local and renewable resources, Hurriyet daily reported. The statement came after a massive power outage affected more than 76 million people in 80 out of 81 Turkish provinces for up to nine […]
