EBRD lends EUR 58 million for Bajgora – Kosovo’s* biggest wind farm
Israeli-based Enlight Renewable Energy Ltd. secured half of the total required financing for its 105 MW Bajgora wind park in the municipality of Mitrovica. The European Bank for Reconstruction and Development provided the backing in the form of a credit facility for what will be the biggest such facility in Kosovo*. The EUR 58 million […]
Fingrid acquiring new 400 MVA power transformers from Slovenia’s KOLEKTOR ETRA
Slovenia-based KOLEKTOR ETRA has signed a EUR 6 million contract to supply 400 MVA 400/120 kV power transformers to Finland’s transmission system operator Fingrid for its project to improve the electricity transmission connection between the south and north of Finland, according to a press release from Fingrid. The ordered power transformers will be delivered to […]
CEZ Romania swings to net loss in 2018 on decreased wind power generation
Czech energy company CEZ Group in Romania posted a net loss of RON 50.3 million (about EUR 10.6 million) in 2018, compared to a net profit of RON 421.2 million (around EUR 89 million) in 2017, as its largest energy facility, the Fantanele-Cogealac wind farm, produced a total of 1,105 GWh of electricity, 218 GWh […]
LM Wind Power hiring 300 as part of Bergama blade plant expansion
Wind turbine blade designer and manufacturer LM Wind Power, a GE Renewable Energy business, has announced plans to recruit 300 new employees at its Bergama, Turkey plant. LM Wind Power has already hired 40 of the additional 300 employees, who are now undergoing training. The company plans to employ about 200 people in 2019 and […]
Premiums as support measure for investors in renewable energy projects in North Macedonia
Authors: Aleksandar Josimovski and Ana Bozarova, Attorneys at law engaged by Petrikic & Partneri AOD in cooperation with CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH The North Macedonian market is currently one of the hot spots for investments in renewables in the CEE region. Both the institutional investors and the financiers have shown a great deal of […]
Greece sees 191.6 MW in new wind capacity connected to grid in 2018
The Greek Wind Energy Association’s (ELETAEN) latest data shows that 191.6 MW in new wind energy capacity was connected to the grid last year. This was an increase of 7.2% compared to 2017, ELETAEN’s data shows. A total of 103 new wind turbines with a combined capacity of 191.6 MW were connected to the grid […]
How is Balkan region progressing on energy and climate plans?
Bulgaria, Cyprus, and Greece are among 7 EU member states that failed to submit drafts of their National Energy and Climate Plans (NECPs) to the European Commission by the December 31, 2018 deadline. In the region, Romania, Slovenia, and Croatia have officially published their draft plans, while Albania, Macedonia, Montenegro, Kosovo*, Serbia, and Bosnia and […]
EPBiH to get Podveležje wind power plant site online
Bajazit Jašarević, chief executive of Elektroprivreda Bosne i Hercegovine dd (Electric Utility of Bosnia and Herzegovina – EPBiH), and Senad Salkić, chief capital investment officer of the utility, signed a contract on connecting wind park Podveležje to 110 kV transmission network with Matan Zarić, head of Transco (Elektroprenos-Elektroprijenos BiH ad), and Cvjetko Žepinić, its director […]