Podgorica starts construction of EUR 50 million wastewater treatment system
The City of Podgorica has started the construction of the main sewage collector within a wastewater treatment system project, an investment of more than EUR 50 million. Mayor Ivan Vuković said the project of the century for the capital of Montenegro, as it is called, provides protection of the Morača river, groundwaters and water supply […]
Goverments in region to incentivize investments in renewables – PwC study on COVID-19
Governments in the region need to incentivize investments in renewables and reiterate the focus on sustainability, says PwC Croatia in a study called Impact of COVID-19 and Economic Downturn on South East Europe Power and Utility Sector. According to the document, the power and utility (P&U) sector is facing disruption across the value chain. However, […]
Terna: EUR 11 billion in green energy projects to boost Greece’s recovery
The Greek economy may get an enormous push with EUR 11 billion investments in renewable energy and electricity storage projects in the post-coronavirus era. According to Terna Energy’s Chairman Giorgos Peristeris, fully licensed investments in renewables with a total capacity of 2,400 MW are ready, while an additional 5,800 MW of renewable energy projects obtained […]
EPCG to invest EUR 51 million in 2020
Power utility Elektroprivreda Crne Gore (EPCG) intends to invest EUR 51 million this year in projects within the electricity generation sector and the development and engineering department. Last year, EPCG’s capital expenditures were EUR 9.35 million, and in October it announced EUR 700 million would be invested in new renewable energy capacities. The construction of the Briska […]
Tokyo-based Enechange, Looop to run Turkish 13 MW solar park for ten years
A solar power plant in Denizli province, Turkey will be the first investment by the newly established Japan Energy Fund. The overseas-specialized decarbonized energy fund is founded by Tokyo-based companies Enechange Ltd. and Looop Inc. Joint rights to operate the 13 MW photovoltaic system, located about 300 kilometers south of Istanbul, will be purchased for […]
Renewable energy prices rebounded 10% after collapse in March
Renewable energy prices across Europe have recovered after a 15-30% fall in March and rebounded 10% in April. Prices took a substantial hit at the beginning of March, falling between 15-30% across key markets compared to average prices in February, but have largely recovered from March lows, said Pexapark, the provider of advisory services for clean […]
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 […]
Energoinvest, Končar to construct first N. Macedonia-Albania power line, new substation
North Macedonia’s transmission system operator (TSO) MEPSO has signed deals for a new 400 kV line to connect the country with Albania, a new 400/100 kV substation near Ohrid and an extension of Bitola 2 substation. Contracts worth EUR 35 million were awarded to Bosnia and Herzegovina’s Energoinvest and Croatia’s Končar. The new line will […]