Government proposes changes to law on renewable energy sources
The Croatian government has adopted a bill on changes and amendments to the law on renewable energy sources and high-efficiency cogeneration, which envisages extending the requirement for electricity suppliers to buy electricity produced from renewable energy sources at the regulated price. Electricity suppliers would be required to buy a share expressed as a percentage of […]
All of EPS’ coal-fired power plants will have to meet EU environmental protection standards
Serbian public power utility Elektroprivreda Srbije (EPS) will have to comply with all EU environmental standards concerning its coal-fired power plants, EPS’ supervisory board chairman, Branko Kovačević, PhD, tells Balkan Green Energy News. The long-serving university professor believes that EPS’ electricity production will be based on coal and hydropower, as well as renewable energy sources, […]
Montenegro pays EUR 7.5 million in renewable energy subsidies in H1
Montenegro set aside a total of EUR 7.5 million in incentives for producers of electricity from renewable energy sources in the first six months of 2018, about EUR 4.3 million of which went to Krnovo Green Energy, which operates the Krnovo wind farm, Pobjeda has learned, according to local media. From May 1, 2014, when […]
EUR 2 million in grants to be disbursed for PV systems in 35 municipalities
Public buildings such as kindergartens, schools, municipal buildings, and other facilities in 35 municipalities will get EUR 2 million in grants for the procurement of photovoltaic (PV) systems, the Macedonian Ministry of Finance said. The grant funds to enable municipalities to procure PV systems to generate electricity for public buildings’ consumption will be allocated under […]
Macedonia taking steps to market-based support scheme for renewables
Macedonia has recently taken legislative steps toward introducing a market-based support scheme for renewable energy, as well as prosumers that would produce electricity for self-consumption and feed surpluses to the grid. The 2018-2020 Economic Reform Program (ERP), produced as part of the country’s EU accession process, provides a timeline for preparing implementing regulations and carrying […]
Germany’s WPD eyes EUR 100 million wind farm investment, government announces tendering
Vjetroelektrana Budva has submitted a request for opening a tendering procedure for the construction of a wind farm at the Brajići locality in the Budva and Bar municipalities, the Montenegrin government has announced, adding that it authorized the line ministries to prepare tendering documents and issue a public invitation of bids. According to a document […]
BSTDB initiates first energy efficiency facility in Romania
The Black Sea Trade and Development Bank (BSTDB) has secured a EUR 7 million revolving facility for Garanti Consumer Finance, a Romanian non-banking financial institution, to finance energy efficiency, renewable energy, and water-saving solutions in the Romanian residential housing sector, the BSTDB said in a press release. The BSTDB’s first facility of the kind is […]
EPS reports net profit of EUR 28.8 million, distribution subsidiary EUR 20.3 million in 2017
Public power utility Elektroprivreda Srbije (EPS) made a net profit of around RSD 3.4 billion (about EUR 28.8 million) in 2017, according to the unconsolidated audited financial report posted on the company’s website. In 2017, EPS bought RSD 11.4 billion (some EUR 96.6 million) worth of electricity on the domestic market, about RSD 5.9 billion […]