IRENA: Renewables increasingly cheaper than coal competitors on cost
IRENA found 56% of renewable capacity added last year achieved lower electricity costs than new coal power plants. Furthermore, by the end of 2021 it would be cheaper to build new photovoltaic facilities than to keep running active coal power plants of as much as 1.2 TW, more than half of the world total. New […]
Limak to start last turbine at new 420 MW Çetin hydropower plant in Turkey
Production has started at three units in the 165-meter Çetin hydropower plant dam and Limak expects to bring another Francis-type turbine of 134.2 MW online soon. Limak Energy is becoming the third-largest private player in the hydropower sector in its home country as the portfolio should top 1 GW this month. The company is about […]
Albania secures lowest solar power price in Balkans in Karavasta auction
At the country’s second auction for utility-scale photovoltaics, Voltalia offered to sell electricity for just EUR 24.89 per MWh, a regional record. Albania said it would agree to the fixed price for half of the 140 MW solar power plant in Karavasta for 15 years, while the contract is for 30 years. Prime Minister Edi […]
Enel scraps Romania asset sale plan, insiders tell local media
Anonymous people familiar with the matter revealed Enel is counting on Romania as a strategic market and that the management wouldn’t negotiate about stakes in its businesses in the country. Romania’s state-owned utility Hidroelectrica, which has an ambitious long-term diversification plan, may have to expand without Enel’s assets. The largest foreign investor in the country’s […]
UNECE launches study, tool-kit for for sustainable renewable energy investments and deployment
A study by UNECE on linkages between renewable energy and nature and food production was created alongside mechanisms for political leaders, companies and representatives of affected communities to address issues and come up with mutually beneficial plans. UNECE said stakeholders can come up with win-win options in the renewables-water-food-ecosystems nexus through dialogue. Experience and research […]
GGF celebrates 10 years of green impact with renewables portfolio of over 1 GW
The Green for Growth Fund has so far supported the development of over 1 GW in renewable energy capacity. Southeastern Europe accounts for two thirds of the portfolio that GGF built until its tenth anniversary at the end of 2019, matched by the share of primary energy savings. The Green for Growth Fund said it […]
Over 1.2 million people in Europe request green post-COVID-19 recovery
The European Parliament passed a resolution urging the EU’s authorities to put citizens at the heart of the revival strategy after the devastation from the coronavirus. MEPs overwhelmingly insist the upcoming budget must be in line with the European Green Deal. Ahead of the vote, more than 1.2 million people signed an environmentalist organizations’ petition […]
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 […]