Slovenian Energy Agency allocated incentives for electricity generation from renewables and CHP
The Slovenian Energy Agency has selected 93 projects with an installed capacity of 98 MW, which will receive incentives for the production of electricity from renewable energy sources and cogeneration of heat and power (CHP) with high efficiency. The total value of funds under this tendering procedure was EUR 10 million. Wind farms dominated the list […]
Elektroprivreda BiH planning five major projects by 2020, including wind farm and hydro power plants
The power utility Elektroprivreda Bosne i Hercegovine (EPBiH) is planning to start the construction of five new facilities to produce electricity, including the Podveležje wind farm, small hydro power plants on the Neretvica river and the hydro power plants Janjići and Una Kostela-Aneks over the next three year. The total investments in that period will […]
Kovačica wind park secured EUR 142 million from three lenders
Kovačica, a 104.5 MW wind farm under construction in Serbia, has successfully secured EUR 142 million and reached the financial close. The financing in the amount of EUR 142 million is provided by parallel loans from Erste Group Bank AG (supported by the German Export Credit Agency Euler-Hermes), Erste Bank Serbia, and the European Bank for […]
Transeastern Power Trust acquires a wind farm in Romania to power up bitcoin mining
Transeastern Power Trust, a Toronto-based investor, has completed the acquisition of a 45 MW wind farm located in the Romanian Dobrogea Region. The wind farm was operated by OMV Petrom Wind Power SRL. The Trust intends to establish a data center operation containing hardware to mine the digital currency Bitcoin predominantly using electricity produced from […]
Vestas to install new 28 MW wind park in Flampouro, Greece
French developer Total-Eren ordered 28MW from Vestas for the Flampouro wind park in northern Greece. With the last order received, Vestas’ total orders intake in Greece reached 250 MW in 2017. The order made by Total-Eren includes supply and installation of two V117-3.45 MW wind turbines and six V126-3.45 MW turbines, as well as a […]
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 […]
Nordex to install nine wind turbines in Izmir province in Turkey
The Nordex Group has received a new contract from Turkey for installation of nine wind turbines in the Province of Izmir. This upcoming 30 MW project will be the sixth project the wind turbine manufacturer is to realize for the same customer in Turkey. Nordex will start installation works in April 2018, in the Province […]