Taaleri, Masdar to set up JV to develop wind, solar projects in CEE
Taaleri Energia, a Finnish wind and solar developer and fund manager, and Masdar, the Abu Dhabi Future Energy Company, have signed an agreement today for the establishment of a joint venture with the aim of developing renewable energy projects in Central and Eastern Europe (CEE). The joint venture aims to build upon of the success […]
Mercedes-Benz signs Germany’s 1st corporate renewable PPA
Carmaker Mercedes-Benz has signed Germany’s first corporate renewable Power Purchase Agreement (PPA), as part of plans to supply all its German plants with CO2-neutral energy by 2022. According to a press release from the carmaker, Mercedes-Benz will buy wind power for its German operations through a corporate renewable PPA signed with Norway’s state-owned Statkraft, Europe’s […]
Greece sells 221.6 MW in renewables capacities, larger solar projects to be reoffered in January
Greece auctioned off around 221.6 MW in combined renewables capacities on December 10, selling approximately 61.94 MW in solar photovoltaic (PV) capacities and 159.65 MW in onshore wind energy capacities, at prices lower than those achieved in the previous auctions, according to a press release from Greece’s energy regulator, RAE. RAE cancelled the auction for […]
Serbia to launch wind, solar auctions in H2 2019
Serbia will hold its first auctions for the construction of wind farms and solar power plants in 2019, Miloš Banjac, assistant energy minister in charge of renewable energy sources and energy efficiency, said at a conference exploring options to increase the renewables share in Serbia’s energy mix and relevant challenges and recommendations. The conference was […]
Draft regulations discussed for Macedonia to introduce prosumers, premiums for PV, wind energy projects
A public debate was organized in Skopje on November 8 to discuss a draft rulebook and a draft decree to regulate the sector of renewable energy sources over the coming period, including prosumers and tendering procedures with electronic reverse auctions to award premiums to investors seeking to build PV and wind energy capacities. The draft […]
Akfen secures USD 363 million in lending for USD 530 million renewables project
Akfen Renewable Energy, the renewables arm of Turkey’s Akfen Holding, has secured a total of USD 363 million in lending from six banks for its USD 530 million project to build four new wind farms and nine solar photovoltaic (PV) plants with a combined capacity of 327 MW. Akfen Renewable Energy is providing USD 167 […]
Akfen to build 4 new wind farms, 9 PV plants with EBRD’s backing of up to USD 102 million
The European Bank for Reconstruction and Development (EBRD) is providing a financing package of up to USD 102 million to the renewable energy arm of the Turkish conglomerate Akfen Holding. The funds will be invested in building four new wind farms and nine solar photovoltaic (PV) plants with a combined capacity of 327 MW, the […]
Fintel Energija to launch IPO on August 1
Belgrade-based renewable energy company Fintel Energija, a subsidiary of Italy’s Fintel Energia, published the prospectus on July 25 for its initial public offering (IPO) on the Belgrade Stock Exchange (BELEX). Fintel Energija, which has a total of 25 million issued shares, will now offer 6.5 million shares at RSD 500 (about EUR 4.24) as part […]