IRENA: Renewables increasingly cheaper than coal competitors on cost
IRENA found 56% of renewable capacity added last year achieved lower electricity costs than new coal power plants. Furthermore, by the end of 2021 it would be cheaper to build new photovoltaic facilities than to keep running active coal power plants of as much as 1.2 TW, more than half of the world total. New […]
Most read in May: Corporate power purchase agreements, Vienna the greenest city, tallest wooden wind power tower in Europe
Our readers’ favorites last month were stories on the future of the energy markets, resident-centered urban planning and a solution that could change the wind power sector. The piece on corporate power purchase agreements, authored by top lawyers from CMS, was the most read this time. 1 – One alternative to state subsidy schemes is […]
Hidroelectrica plans to install first offshore wind park in Black Sea
Romania’s biggest power producer laid out an ambitious long-term plan to its shareholders, leaning to a large extent on funds it expects from the European Green Deal. Hidroelectrica proposed to develop capacities in hydropower, biomass, photovoltaics, chargers for electric vehicles, hydrogen and wind turbines including an offshore wind park in the Black Sea of as […]
Corporate power purchase agreements – time to get ready!
Authors: Louise Dalton, Partner, CMS London; Ivan Gazdić, Partner, CMS Belgrade; Igor Đorđević, Attorney-at-Law, CMS Belgrade; Charlotte Rihoy, Trainee Solicitor, CMS London To date, renewable energy projects in the Balkans have been supported by traditional feed-in tariff subsidy schemes (FiT). Certain Balkan countries (e.g. North Macedonia and Bulgaria) have begun to implement alternative schemes, such as […]
EPBiH starts construction of 48 MW wind park Podveležje
Elektroprivreda BiH said engineers are carrying out blasting works for the foundations of 15 future turbines near Mostar. Siemens Gamesa, Wind Power, HP Investing and Minersko are responsible for the project. EPBiH is investing EUR 83 million in wind park Podveležje. Bosnia and Herzegovina’s JP Elektroprivreda BiH has announced activities continued at the site of […]
HEP starts trial of Korlat, first unsubsidized wind farm in Croatia
The first wind power plant built by the national power producer is scheduled to enter full operation in August. HEP finished the construction of Korlat, the biggest wind park in Croatia, and connected it to the grid for a test run. Croatian Energy Market Operator Ltd. (HROTE) has announced it signed a contract with wind […]
PPC Renewables may partner with Motor Oil, Helector in green energy
Greece’s national electricity producer PPC is leaning on its green energy firm for the transition away from conventional and dirty technology. PPC Renewables is developing geothermal, wind and solar projects and establishing ventures, where domestic companies Motor Oil Hellas and Helector emerged as next likely partners. Government-controlled Public Power Corp. SA or PPC is discussing […]
Siemens, Uniper exploring green hydrogen use in gas infrastructure
Siemens and Uniper broadened cooperation with so-called brownfield transformation, aimed at decarbonizing energy facilities with hydrogen from renewable sources. Excess wind power could be utilized for electrolysis. Uniper SE and Siemens Gas and Power agreed to work on decarbonization in electricity production and develop coupling solutions, all with the help of the emerging hydrogen technology. […]