Terna Energy to invest EUR 250 million in renewables in Greece
Greek energy group Terna Energy has announced EUR 250 million in new investments in renewable energy sources in Greece. Continuing its investment program in Greece, Terna is implementing new investments of more than EUR 250 million in the clean energy production sector, the company has said on its website. In 2019 the company began its […]
NGEN installs first Tesla Powerpack battery storage system in the region
Slovenian energy solution provider NGEN has unveiled the first Tesla Powerpack storage system in the region, located in Jesenice, north-west of Slovenia. This is the largest Tesla Powerpack storage system in Europe. The investment in the 12.6 MW/22.2 MWh battery energy storage system (BESS) including construction, installation, and all equipment is worth EUR 15 million. In […]
GGF secures EUR 25 million from OeEB to continue green finance
The Development Bank of Austria (Oesterreichische Entwicklungsbank AG – OeEB) has increased its investment with the Green for Growth Fund (GGF) by providing an additional EUR 25 million in senior shares, according to a press release from the GGF. OeEB’s commitment will help the GGF continue to develop renewable energy projects and improve energy and […]
Greece seeks to phase out coal by 2028, Ptolemaida V prospects unclear
Greece will adopt a new national energy and climate plan by the end of 2019 that will envisage the shutdown of all coal power plants in Greece by 2028, Prime Minister Kyriakos Mitsotakis said at the UN Climate Action Summit 2019. The plan will also call for expanding the share of renewables to 35% by […]
Greece working on new energy storage support framework
Greece’s energy regulator, RAE, is preparing a new energy storage support framework to foster renewable energy growth, chairman Nikolaos Boulaxis has said at the Thessaloniki International Fair. The new energy storage support framework should be completed by the end of 2019, Boulaxis said, energypress reported. “The future of renewable energy is linked to the ability […]
Energy Vault – energy storage made of concrete blocks and cranes
Concrete blocks and cranes that is all that you need to store electricity. How? Simple. The crane uses excess energy from renewables to lift concrete blocks, and when the power is required, the crane lifts blocks, and the generator produces it. The process is similar to a pumped-storage hydropower plant (HPP), with water substituted with […]
82 investors seek to build solar power plants on state land in North Macedonia
Tendering for the construction of solar photovoltaic (PV) power plants with a combined installed capacity of 35 MW on state land, backed by feed-in premiums approved by the Government of North Macedonia, has attracted strong interest among investors, with a total of 82 domestic and foreign companies submitting bids, according to the Ministry of Economy’s […]
North Macedonia to adopt Energy Development Strategy until 2040 in line with EU Energy Union pillars
North Macedonia’s Ministry of Economy plans to adopt the Energy Development Strategy until 2040 by the end of 2019, said Economy Minister Kreshnik Bekteshi during the Business Forum held as part of the Western Balkans Summit Poznan 2019. The ministry has also prepared a draft law on energy efficiency. By the end of 2019, North […]