Greek fossil fuel companies expanding their renewables portfolios
Hellenic Petroleum asked the EBRD for a EUR 75 million loan for a solar power project of 204 MW and its domestic competitor Motor Oil bought a 40 MW wind power plant. Major Greek firms are turning to renewables as energy transition gains traction. The drop in costs for the equipment for green energy production […]
North Macedonia seeks contractor for extension of Bogdanci wind power plant
Elektrani na Severna Makedonija called on companies to express interest in the delivery and installation of supporting components for wind park Bogdanci. The North Macedonian state-owned utility plans to build three or four more turbines and add up to 15 MW. After postponing the second part of a wind power project, North Macedonia’s government-controlled power […]
EBRD may lend EUR 9.75 million to KESH for floating solar power plant
Albania’s state-owned power producer may cover most of the cost for its hybrid power plant project with debt. EBRD targets October 21 for the approval of a secured loan of EUR 9.75 million for a floating photovoltaic system on the reservoir of the Vau i Dejës hydropower plant owned by KESH. The European Bank for […]
Albania inks concession with Voltalia for Karavasta solar power plant
After winning the auction, French company Voltalia landed a 15-year fixed rate deal for half of the production of the future 140 MW photovoltaic plant in Albania. The Karavasta Park concession agreement is for 30 years. Minister of Infrastructure and Energy Belinda Balluku and Chief Executive Officer of Voltalia Sébastien Clerc have signed a 30-year […]
Vis island turning self-sufficient as HEP’s 3.5 MW solar plant starts trial run
The solar power plant in Vis landed a contract for trial production. The 3.5 MW facility developed by HEP Group should make the island self-sustainable in energy terms when a storage unit is finished. Croatian Energy Market Operator Ltd. (HROTE) has announced it signed a contract with Sunčana elektrana Vis and temporarily included it in […]
Greece awards nearly all wind, solar capacity at auction as prices drop
Households and companies in Greece may see a decline in electricity tariffs after the latest auction of solar and wind capacity. Regulators accepted offers from power plant operators for a total of 141.9 MW and 471.8 MW, respectively, and the bidding brought lower power prices. The Regulatory Authority for Energy – RAE said this year’s […]
Turkey to blend green hydrogen into natural gas supply network for heating
GAZBİR tested a 20% share of hydrogen in natural gas and measured an increase in energy efficiency and lower carbon emissions, so Turkey is looking to introduce the fuel produced by using renewable sources in heating. Turkish energy companies started a project supported by the Energy Market Regulatory Authority (EMRA) to reduce the country’s dependence […]
TAQA, Masdar, EDF, JinkoSolar ink deal for 2 GW PV plant in Abu Dhabi
Al-Dhafra, which the United Arab Emirates claims would be the biggest single-site solar power facility in the world, will have 3.2 million panels, enough to supply 160,000 domestic households. A state-owned utility in Abu Dhabi signed a power purchase agreement for the 2 GW PV plant with TAQA and Masdar from the UAE and the […]