EPS secures EUR 80 million loan for first wind park, construction to start in 2019
Public power utility Elektroprivreda Srbije (EPS) and the German development bank KfW signed a loan agreement worth EUR 80 million to finance the construction of a 66 MW Kostolac wind farm. This will be the first wind power capacity in EPS’ portfolio, which is dominated by coal-fired power plants. “The project is worth EUR 97 […]
GE to supply 38 turbines for Serbia’s third largest wind farm
GE Renewable Energy will provide 38 turbines for the Serbia’s third largest wind farm Blacksmith “Kovačica”. A 15-year full-service agreement for 105 MW wind site is also part of the deal between GE Renewable Energy and Enlight Renewable Energy. Enlight Renewable Energy will be an operator of the wind farm set to be built in […]
Kosovo* is looking for investments in solar energy through auction scheme
Kosovo’s* Minister of Economic Development Valdrin Lluka announced that Kosovo* will be looking for investments in the solar energy sector through the new auction scheme which is to be set. The expected amount of the investment is EUR 100 million. Minister Lluka said that his ministry is interested in large-scale solar projects, and will begin […]
GCF climate project to support EUR 100 million worth investments in Serbia
Green Climate Fund (GCF) – European Bank for Reconstruction and Development (EBRD) programme is expected to support around USD 100 million worth of investment opportunities in high-performance energy efficiency and renewable energy technologies in Serbia, the Bank told the Balkan Green Energy News portal. The EBRD and GCF co-financed USD 1.4 billion worth programme to […]
First auctions for PV and wind in Greece announced in April
While Greece is waiting for ministerial decisions related to a new legal framework concerning renewable energy sources (RES) installations and auction items, there are information suggesting that first auctions are expected in April next year. The first round of auctions, in two separate events – one offering 100 MW for wind energy installations and another […]
EUR 300 million investments in renewable energy projects in Albania
Around EUR 300 million will be invested in Albania’s energy sector, namely in renewable energy sector. More investments from private companies are expected. Growing concerns what will happen to the investment cycle in Albania once Trans Atlantic Pipeline (TAP) and Devolli hydro power plant (HPP) projects see their ends, the Energy and Infrastructure Minister Damian […]
Wind farms in Romania to help Netherlands reach renewable power goals
The Dutch company NERO Renewables is planning to invest EUR 1.4 billion in the construction of three wind farms in Romania to help the Netherlands reach its power production goal from renewable sources. The construction of the wind power plants in the southeast Constanta and Buzau counties is due to begin in 2019 with the […]
Greece installs first solar plants under new support scheme for renewables
Greece has installed 8.6 MW of new large-scale solar PV plants under its new policy framework for the support of renewable energy sources. The first large-scale solar PV installations in the country since 2015 were installed by Hellenic Petroleum Renewable Energy Sources. The newly added capacity comprises two PV plants of 1 MW and 4 […]