Montenegro proposes plan for Komarnica hydropower plant of 170 MW
An investment of EUR 246.5 million is underway as the cabinet led by Prime Minister Duško Marković opted for the version of the project of the Komarnica hydropower plant that is the least harmful to the environment. The detailed special plan for the area in Šavnik and Plužine defines a facility with an annual production […]
Albania secures lowest solar power price in Balkans in Karavasta auction
At the country’s second auction for utility-scale photovoltaics, Voltalia offered to sell electricity for just EUR 24.89 per MWh, a regional record. Albania said it would agree to the fixed price for half of the 140 MW solar power plant in Karavasta for 15 years, while the contract is for 30 years. Prime Minister Edi […]
UNECE launches study, tool-kit for for sustainable renewable energy investments and deployment
A study by UNECE on linkages between renewable energy and nature and food production was created alongside mechanisms for political leaders, companies and representatives of affected communities to address issues and come up with mutually beneficial plans. UNECE said stakeholders can come up with win-win options in the renewables-water-food-ecosystems nexus through dialogue. Experience and research […]
Public consultation starts for policy on small hydropower in Energy Community
Widespread concerns and criticism over the impact of hydropower on nature and the quality of life prompted the rethinking of the stance toward the projects, so the Energy Community Secretariat asked individuals, firms and organizations for their opinions. Public authorities, developers, companies, associations, consumer and environmental organizations and citizens have the opportunity to help shape […]
Investors eyeing potential for floating solar, hybrid plants in Greece
German SINN Power is about to showcase the prototype of a floating solar power plant and its hybrid system utilizing wind and wave energy in Crete, while another German company, BayWa, is said to be looking at possible projects for the technology in Greece. Company BayWa AG is examining the Greek market for opportunities in […]
PPC Renewables may partner with Motor Oil, Helector in green energy
Greece’s national electricity producer PPC is leaning on its green energy firm for the transition away from conventional and dirty technology. PPC Renewables is developing geothermal, wind and solar projects and establishing ventures, where domestic companies Motor Oil Hellas and Helector emerged as next likely partners. Government-controlled Public Power Corp. SA or PPC is discussing […]
Turkey to launch production at 1.2 GW hydropower plant on Tigris
The Ilısu project, designed for 4.12 TWh per year, is about to partially come online. Turkey has estimated energy production at the biggest hydropower plant on the river Tigris would be worth almost EUR 330 million per year. The first turbine has been tested at what will be the fourth-largest hydropower plant in the country, […]
EPCG’s net profit plunges 35.7% in 2019
Montenegrin state power utility Elektroprivreda Crne Gore’s (EPCG) net profit in 2019 dropped 35.7% against 2018, to EUR 28.3 million, according to EPCG’s annual report. In 2018 the company posted a net profit of EUR 44.1 million. Operating revenues stood at EUR 323 million in 2019, an increase of EUR 20 million compared to 2018, […]