Supporting scheme for green power amended
Predicting energy generation output in advance will make Turkish electricity market more secure, Mustafa Yılmaz, head of Energy Market Regulatory Authority (EMRA), told Anadolu Agency. According to the recently revised legislation on power plants called the Supporting Mechanism for Renewable Energy Resources, or Yekdem scheme, the electricity registered in the system can be sold on […]
Investments in renewables estimated at EUR 7 billion
Romanian Association of Large Industrial Energy Consumers (ABIEC) presented a report drawn up by PricewaterhouseCoopers, entitled ‘The Impact of Support Schemes of Renewable Energy in Romania and Lessons Learnt from EU Countries’, Act Media carried. According to the document, the value of total direct investments is estimated at EUR 7 billion, most of which in […]
IFC joining EBRD in investment in Akfen’s green energy
The International Finance Corporation will join the European Bank for Reconstruction and Development in supporting the renewables branch of Turkish conglomerate Akfen Holding with a combined investment of EUR 175.5 million, SeeNews reported. The two development banks will have equal stakes in Akfen Yenilenebilir Enerji AŞ and make equal investments, according to a public filing. […]
Biodiesel in Serbia drying up from levies
Serbian drivers of diesel vehicles should already be pouring a share of 10% of biodiesel into tanks, as stipulated in obligations in the process of accession to the European Union. The deadline for implementation is 2020, while petrol stations still don’t have any biofuel in offer, as the government directive on mixing it with diesel […]
Romania revising national energy strategy
This year, the National Energy Strategy of Romania will be reviewed. Energy minister Victor Grigorescu ensures this does not mean that everything will start from zero, Romania Journal reported. “I think we are a major player in the region and this is not just a statement, but a fact. We export energy, sometimes even 10% of […]
SINN Power testing wave energy conversion in Heraklion
A wave energy converter module was installed at the Port of Heraklion to measure generated electricity and evaluate long-term functionality of components. The project by SINN Power was launched by shattering a bottle of champagne. The first tests were performed in November and the port authority aims to use wave energy to power its facilities. […]
Croatia paid EUR 410 million so far in incentives for renewables
Since 2007, when stimulation of renewable energy production started in Croatia, until the end of 2015, HRK 3.07 billion (EUR 410 million) has been paid to preferential producers. Last year alone, the budget was over EUR 133 million and, as the number of power plants rises and the amount of bought electricity increases, by the end […]
Turcas Petrol to enter energy market in Iran
Turkish energy company Turcas Petrol is looking at entering the Iranian energy market through investments in oil, gas or renewables, following the lifting of most of the sanctions against the Islamic Republic. “We believe we must definitely be in Iran,” company’s chief executive Batu Aksoy told journalists, as reported by Hürriyet Daily News. At a time when […]
