General Electric to make turbines for 1 GW pumped storage HPP in Turkey
In the construction of a hydropower plant north of Antalya, China Gezhouba and KAF Teknik will work with GE, which highlighted the facility’s future role in the utilization of renewable energy sources. General Electric said it would supply four 250 MW turbines for the pumped storage system in Eğirdir in western Turkey. A giant hydropower […]
EBRD lends EUR 58 million for Bajgora – Kosovo’s* biggest wind farm
Israeli-based Enlight Renewable Energy Ltd. secured half of the total required financing for its 105 MW Bajgora wind park in the municipality of Mitrovica. The European Bank for Reconstruction and Development provided the backing in the form of a credit facility for what will be the biggest such facility in Kosovo*. The EUR 58 million […]
IEEFA: GE lost billions in market capitalization by misjudging energy transition
According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA), General Electric (GE) lost USD 193 billion or 74% of its market capitalization over 2016-2018. “This value destruction was driven in large measure by the collapse of the new thermal power construction market globally – a collapse which caught GE entirely […]
Power utility EPS gets energy permit to build its 1st wind farm
State power utility Elektroprivreda Srbije (EPS) has obtained the energy permit for the construction of its first wind farm. The energy permit was issued on December 31, 2018, according to a press release from EPS. The construction of the Kostolac wind farm is expected to begin in the third quarter of 2019. The investment is […]
GGF supports two large-scale wind farms in Serbia
The Green for Growth Fund (GGF), advised by Finance in Motion GmbH, will support two of the first large-scale wind farms in the country – the 158 MW Čibuk 1 wind farm and the 42 MW Alibunar wind farm with a total of EUR 31.85 million, GGF said in a statement. The GGF secured EUR […]
Eight bids for installation of 1 GW wind power capacity in Turkey
Eight consortia, composed of international and Turkish companies, have submitted their bids in the tender for 1 GW wind energy project, which was organized by Turkey under the Renewable Energy Resources Area (YEKA) scheme. Invitation for bids for the installation and operation of wind power capacity of 1 GW was placed in April, 2017. The […]
