IKEA parent confirms acquisition of Vestas’ 80% stake in Romanian wind farms
Ingka Group, the parent company of Swedish furniture giant IKEA, has confirmed in a press release it has reached an agreement with Denmark’s Vestas Wind Systems to acquire an 80% stake in 7 wind farm entities in South-East Romania. Although the transaction between IKEA’s parent company and the Danish wind turbine manufacturer is signed, final […]
Top 3 in August: Danube pollution, rise of e-scooters, op-ed on renewable energy incentives in Croatia
The Top 3 Most Read articles on Balkan Green Energy News in August are in. The list is also available for our portal’s Serbian/local language version. 1 – Danube polluted with faeces in Serbia, Romania, Bulgaria The River Danube is polluted with faeces along its course in Serbia, Romania, and Bulgaria, with the situation particularly […]
What can President Trump learn from the Danes? Answer provided by Ida Auken
“If it doesn’t blow, you can forget about television for that night”. This remark on wind farms by Donald Trump is just one of many in his attempt to derogate green energy and to praise the fossil fuels industry. Trump withdrew the US from the Paris agreement in 2017, and rolled back many rules introduced […]
HOPS, Siemens sign EUR 5 million contract under Sincro.Grid project
Croatian transmission system operator (TSO) HOPS and technology company Siemens have signed a contract on deploying a variable shunt reactor at transformer station TS 400/220/110 kV Melina, as part of the implementation of the EU-backed smart grid project Sincro.Grid, according to a press release on HOPS’ website. The value of the contract to deploy the […]
Croatia’s enterprise zone Novi Stankovci expects 10 MW in solar plants
Interest in solar power projects in the Novi Stankovci enterprise zone in Stankovci near Zadar, Croatia has spiked in the past few months, and the local authorities expect the construction of solar plants with a total installed capacity of about 10 MW in the next year and a half, on an area of more than […]
New Croatian Energy Strategy and Electric Energy Market
Author: Marija Mušec, Partner at Law Firm Bardek, Lisac, Mušec, Skoko d.o.o. in cooperation with CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH In May 2019, the Croatian Government proposed a new national Energy Strategy to run until 2030, including an overview to run to 2050. The proposal is currently under public review. The Energy Strategy foresees three […]
GGF Impact Report: 2.75 TWh of energy saved annually, CO2 emissions cut by 692,183 metric tons
By the end of 2018, the Green for Growth Fund (GGF) had financed nearly EUR 825 million in green investments, substantially reducing energy consumption and CO2 emissions. The fund’s investments are having a measurable impact on households and businesses by reducing their energy bills and CO2 emissions as well as enabling them to use resources […]
Romania to allow investors to trade electricity from projects under development
Romania’s legislation will be amended to allow investors in energy projects to trade electricity to be generated by projects under development, in order to enable them to raise financing for their investments, Romania Insider reported. Investors in energy projects, particularly those in renewable energy projects, have been urging Romania’s authorities since 2012 to enable them […]