Valorem takes over wind energy portfolio of 82 MW in Greece
French green power company Valorem said it has bought a portfolio of 82 MW wind projects in Greece, in a move to expand its operations in this country. According to information it posted on its website, the affiliate of private equity and venture capital firm 3i covers all the phases of renewable energy investments from […]
China inks first deal for three HPPs in Srpska in BiH worth EUR 100 million
Prime minister of the Republic of Srpska Radovan Višković has reached the initial agreement on installing three hydropower plants on the Bistrica river with 45 MW in combined capacity. AVIC-ENG – China National Aero-technology International Engineering Corp. accepted the assignment and its chairman Suo Shuhe signed the agreement. During a working visit to the world’s […]
Damage from small hydropower is much larger than gains, study finds
The Balkans and Turkey are examples of how quickly free-flowing rivers and river stretches “can be degraded by being turned into impoundments,” World Wide Fund for Nature warned after publishing a study it commissioned together with RiverWatch, Geota and EuroNatur. Environmentalists said hydropower puts “tremendous pressure on Europe’s biodiversity, and for specific projects a disregard […]
Bulgaria’s funding for waste incinerator CHP greenlighted by EU
The European Commission said on November 25 that it gave the go-ahead for Bulgaria’s proposal to back a project for a high-efficient cogeneration system in the capital city. The overwhelming part of the EUR 93.8 million plan for the waste incinerator is money from the trade bloc’s structural funds. The remaining EUR 3 million will […]
EPS to invest EUR 4.6 billion by 2027, EUR 700 million to go into hydropower, renewables
Public power utility Elektroprivreda Srbije (EPS) intends to invest EUR 4.6 billion from 2019 to 2027, of which EUR 1.6 billion in the modernization of existing and construction of new thermal power plants (TPPs) as well as environmental protection, EUR 1,3 billion in distribution projects, EUR 1 billion in the coal sector, and EUR 700 […]
Terna Energy to invest EUR 250 million in renewables in Greece
Greek energy group Terna Energy has announced EUR 250 million in new investments in renewable energy sources in Greece. Continuing its investment program in Greece, Terna is implementing new investments of more than EUR 250 million in the clean energy production sector, the company has said on its website. In 2019 the company began its […]
Petrol top management steps down unexpectedly
In a surprise move, the three-member top management of Slovenian energy company Petrol, headed by Tomaž Berločnik, has resigned following a meeting with the supervisory board, Slovenian media have reported. Until a new management is appointed, the company will be led by Nada Drobne Popović, who has served as supervisory board chairwoman. In a press […]
Serbian energy regulator approves grid’s development, investment plans
The Energy Agency of the Republic of Serbia (AERS) has approved the Transmission System Development Plan for 2019-2028 and the Transmission System Investment Plan for 2019-2021. The plans were adopted by state-owned company Elektromreža Srbije, Serbia’s transmission system operator (TSO). In the Development Plan for 2019-2028, the list of production capacities expected to be connected […]
