Prices of photovoltaic panels jump as much as 25% in Greece
Global demand, industrial accidents, environmental disasters, exchange rates and the impact of the coronavirus pandemic could all be contributing to a rapid rise in the cost of solar power panels in Greece since the beginning of July. Industry sources reported price hikes of up to 25%. Investors in solar power in Greece are concerned because […]
PPC Renewables, RWE targeting 2 GW solar deal for Greece by year-end
PPC Renewables and German RWE are working on a formal business agreement on joint development of photovoltaic systems in lignite mining areas in Greece while coal facilities are being shut down. The two companies are reportedly eyeing a deal through December. Representatives of Germany’s RWE completed a three-day working visit to Greece, where they visited […]
Outrage in Skopje over destruction of river for small hydropower plant
Locals are complaining about damage to the landscape amid works on the first of the three planned small hydroelectric units in Skopje territory. Eko-svest demands the construction on the Markova reka to be halted and all such projects to be suspended until a review of concessions is conducted. Eko-svest condemned the destruction of the upper […]
Electrica pays EUR 1.62 million for 7.5 MW Stănești solar park
Electrica paid just EUR 1.62 million for the Stănești photovoltaic unit to Raylexo Limited and Long Bridge Management si Administrare, but it also took on EUR 3.82 million in existing loans. Electrica said it completed the acquisition of the Stănești solar park in the south of Romania. The power distributor and supplier bought the unit for […]
Montenegro awards deal to EPCG for hydropower plant Komarnica
State-owned power producer Elektroprivreda Crne Gore got the right to build Montenegro’s first hydroelectric station in four decades and run it for up to 60 years. Hydropower plant Komarnica will cost EUR 260 million to EUR 290 million, more than in the previous official estimate. Minister of Economy of Montenegro Dragica Sekulić handed the concession […]
PPC Renewables to make 31 MW biomass power plant in lignite land
A biomass plant will supply the output from as much as 25 MW of its capacity to the Greek grid and use 6 MW for internal purposes, the government said as it gave a green light to the project submitted by PPC Renewables. The Ministry of the Environment and Energy approved the so-called environmental terms […]
Cyprus to install rooftop solar power units in 405 schools, kindergartens
A national solar power project is underway in Cyprus to cover most of the power demand in more than 400 educational institutions. The state will pay EUR 9.6 million in total to the EAC and the contractors over a twenty-year period while all photovoltaic units are scheduled to be built by the end of next […]
Terna Energy starts building 10.8 MW wind park in central Greece
Infrastructure works began on the construction of Terna Energy’s wind power plant, which will be part of a 67 MW complex in the Evrytania area. The company has a EUR 1.5 billion program for investment in renewables and it just raised 68.5 million in capital. Terna Energy launched the construction of a wind park in […]