Portugal reaches world’s record low solar power prices in auction
Portugal’s government accepted an unidentified project developer’s offer of EUR 11.4 per MWh for solar power over 15 years, beating the latest all-time low achieved in an auction in Abu Dhabi. Minister of Environment João Pedro Matos Fernandes said the latest round of bidding for the construction of solar power plants in Portugal resulted in […]
Solar power is becoming more affordable for firms, households in Serbia
Solar power systems are getting cheaper every year. During the industry’s boom in Europe and the world, investment in the sector in Serbia has been weak. ProCredit Bank’s expert Danko Kalkan points to great growth potential. Prices of solar power equipment have been halved in the past several years so such systems are more profitable […]
Enery BG 1 plans to build 400 MW solar power plant in southern Bulgaria
Austrian-owned Enery BG 1 Ltd. plans to build a solar power plant in the municipality of Haskovo in southern Bulgaria, with an installed capacity of 400 MW. The intention is for Enery BG 1’s photovoltaic (PV) power plant to span a total area of some 400 hectares. Its projected annual output is 560 GWh of […]
Turkey opens integrated solar cell factory within USD 1.4 billion project
Kalyon and China’s CETC built a manufacturing complex in Ankara for all components for solar power panels. The factory worth USD 400 million will supply the products to the company’s 1 GW photovoltaic project in Karapınar in central Turkey. Total investment is planned to reach USD 1.4 billion. Production officially started at Kalyon Group’s facility […]
E.ON installs rooftop photovoltaic unit in TeraPlast Industrial Park in Bistrița
TeraPlast put into operation the first solar power unit installed by the subsidiary of German E.ON in Romania. The panels on the manufacturer’s production halls and buildings will satisfy 11% of its electricity demand and the construction of two more photovoltaic facilities is underway. E.ON Energie România said it completed the construction of one of […]
Greek fossil fuel companies expanding their renewables portfolios
Hellenic Petroleum asked the EBRD for a EUR 75 million loan for a solar power project of 204 MW and its domestic competitor Motor Oil bought a 40 MW wind power plant. Major Greek firms are turning to renewables as energy transition gains traction. The drop in costs for the equipment for green energy production […]
EBRD may lend EUR 9.75 million to KESH for floating solar power plant
Albania’s state-owned power producer may cover most of the cost for its hybrid power plant project with debt. EBRD targets October 21 for the approval of a secured loan of EUR 9.75 million for a floating photovoltaic system on the reservoir of the Vau i Dejës hydropower plant owned by KESH. The European Bank for […]
Albania inks concession with Voltalia for Karavasta solar power plant
After winning the auction, French company Voltalia landed a 15-year fixed rate deal for half of the production of the future 140 MW photovoltaic plant in Albania. The Karavasta Park concession agreement is for 30 years. Minister of Infrastructure and Energy Belinda Balluku and Chief Executive Officer of Voltalia Sébastien Clerc have signed a 30-year […]
