International investors plan to build 700 MW solar park in western Romania
A firm reportedly backed by a group of international investors plans to develop a 700 MW solar park in western Romania.
Europe seals record EUR 26.3 billion of investments in offshore wind farms
Despite COVID constraints, Europe raised EUR 26.3 billion to finance 7.1 GW of new offshore wind capacity in 2020.
Corporate power purchase agreements – time to get ready!
Authors: Louise Dalton, Partner, CMS London; Ivan Gazdić, Partner, CMS Belgrade; Igor Đorđević, Attorney-at-Law, CMS Belgrade; Charlotte Rihoy, Trainee Solicitor, CMS London To date, renewable energy projects in the Balkans have been supported by traditional feed-in tariff subsidy schemes (FiT). Certain Balkan countries (e.g. North Macedonia and Bulgaria) have begun to implement alternative schemes, such as […]
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 […]
Are Serbian renewable energy projects in danger due to the state of emergency?
Authors: Ivan Gazdić, Partner and Igor Đorđević, Attorney-at-Law, CMS Belgrade On 15 March 2020, the state of emergency was introduced in Serbia due to the COVID-19 situation, which entitles state authorities to impose a broad spectrum of short-term restrictions and different measures. What do these measures mean for the future of renewable energy projects in Serbia? […]
Consultant sought to help launch renewable energy auctions in Kosovo*
The European Bank for Reconstruction and Development (EBRD) has invited expressions of interest in providing it with consultancy services in order to support the Government of Kosovo* in developing and implementing a competitive scheme for the award of future support to renewable energy generators. The EBRD previously engaged with the Kosovo* authorities on the development […]
Kosova e Re power purchase agreement challenged at Energy Community
Kosovar and international non-governmental organizations have filed an official complaint to the Energy Community’s (EnC) dispute settlement mechanism, challenging the legality of the power purchase agreement (PPA) for the planned Kosova e Re coal power project, which is currently awaiting ratification by the Kosovo* parliament, Bankwatch has said on its website. The complaint was filed […]
Wind industry proposes ways to tap on South East Europe’s 500 GW potential
Giles Dickson, CEO of wind energy association WindEurope, has given recommendations to South East Europe’s energy ministers how to unlock the region’s 500 GW wind energy potential, constrained by regulatory uncertainty and high project costs. Speaking at a Central and South Eastern Europe Connectivity (CESEC) ministerial meeting in Sofia, Bulgaria today, Dickson warned that abrupt […]