Global investment in offshore wind power rises fourfold in first half of 2020
The allocation of funds for renewable energy from January to June outperformed data from most economic reports in the world, which can largely be attributed to offshore wind power. The sum of investment decisions in the subsector jumped 319% to USD 35 billion on an annual basis, topping the result from entire last year. The […]
Zorlu Energy merging its geothermal, renewables businesses for IPO
Zorlu Enerji Elektrik or Zorlu Energy intends to establish a renewables subsidiary and prepare it for an initial public offering. The new company, Zorlu Yenilenebilir Enerji, will focus on geothermal projects, according to the agenda prepared for the general assembly next month. Zorlu Jeotermal Enerji Elektrik, Zorlu Doğal Elektrik and Rotor Elektrik, fully owned subsidiaries […]
Hoti: 105 MW wind park Bajgora in Kosovo* to come online by April
Enlight’s wind park Bajgora is scheduled to be finished in April, Kosovo’s* Prime Minister Avdullah Hoti said at the construction site during his visit with Ambassador of Germany Christian Heldt. The 105 MW project consists of 27 turbines. Prime Minister of Kosovo* Avdullah Hoti has visited the future site of a wind farm in Selac […]
Will the EU’s hydrogen strategy undermine the 2050 climate neutrality goal?
The European Commission has unveiled a strategy to scale up hydrogen production as part of efforts to decarbonize hard-to-abate sectors, but environmental organizations have warned the hydrogen strategy could be a “double-edged sword” that will extend the use of fossil fuels in the European Union (EU) and undermine its 2050 climate neutrality target. The hydrogen […]
Solar, wind units of 947.8 MW apply for power purchase auction in Greece
The segment for wind power systems of up to 50 MW in the upcoming auction in Greece came in well oversubscribed and contracts for the entire 481.5 MW package are on the way to be awarded. On the other hand, developers of solar power plants with only 199.4 MW in total applied for the 482 […]
TENDERING: HEP building green energy plants with municipalities, firms
Croatian power utility Hrvatska elektroprivreda invited interested parties to express interest in the joint expansion of renewables. HEP Group already agreed with 11 municipalities and cities to prepare documentation for solar power plants with total capacity of 120 MW and it is taking over another 60 MW in private projects under development. After the success […]
Global Wind Day: Sweden’s Vattenfall to build world’s biggest offshore wind farm
Swedish state-owned multinational power company Vattenfall has made the final investment decision on building the world’s biggest offshore wind farm, Hollandse Kust Zuid, with a capacity of 1.5 GW. The announcement comes ahead of Global Wind Day, June 15. Vattenfall said that the future wind farm, located in the Dutch North Sea, is targeted for […]
High-profile arrests in Croatia highlight claims of corruption in renewables in region
At least two government officials are suspected of abuse of power in the case of the biggest wind farm in Croatia, which receives a substantial stimulus. The scandal follows massive complaints by the local population throughout Southeastern Europe and numerous accusations by activists of irregularities and corruption in projects for renewables, mostly small hydropower plants. […]