GE Renewable Energy signs 10 year service agreement with Fina Enerji
The GE Renewable Energy company and Turkish Fina Enerji signed a full service agreement covering 150 GE wind turbines in nine wind farms. This is the first agreement of its kind signed by Fina and covers a 10 year period with a two year trial period for GE’s Digital Wind Farm solutions powered by the […]
Krnovo wind park started trial electricity production
Wind power plant in Krnovo, Montenegro, launched trial electricity production on 5 out of 26 wind turbines installed. Wind park has MW 72 of installed power and it is one of the largest facility of that type in the region. According to plan, production will be increased gradually, followed by technical tests. If the tests […]
Turkey opens tender for 1 GW in wind power over 15 years
Invitation for bids for the installation and operation of wind power capacity of 1 GW was placed by Turkey under the Renewable Energy Resources Area (YEKA) scheme. The project that covers seven regions is worth USD 1.2 billion (EUR 1.12 billion), the Ministry of Energy and Natural Resources said in the document published in the […]
EUR 180 million invested in RES projects in Montenegro
Ministry of Economy of Montenegro has announced that the total value of investments in renewable energy sources (RES) projects in that country reached almost EUR 180 million. The largest investment in RES is Krnovo wind farm worth EUR 143 million, according to a press release published on the ministry website. The remainder of EUR 35 […]
Enel: Romanian energy crisis will hit the renewables sector
The energy crisis in Romania will imminently hit the renewable energy sector, said Georgios Stassis, general manager of the power company Enel Romania. He warned that the young energy market in Romania is facing its first exceptional challenge. “The prices are at their highest levels in decades, the system is close to its functioning limit, […]
Greek energy companies interested in renewable energy projects
The Serbia-Greece business forum, held yesterday in Belgrade, gathered 59 Greek and about a hundred Serbian companies. During the bilateral meetings session Greek energy companies took active part and expressed great interest in the renewable energy sources sector. PPC Renewables, one of Greece’s biggest power producers from renewable energy, is interested in establishing joint ventures with Serbian companies. This […]
IRENA: South East Europe has vast renewable energy potential of 740 GW
South East Europe has huge potential of renewable energy equal to about 740 GW, according to a new study from the International Renewable Energy Agency (IRENA). The report “Cost-Competitive Renewable Power Generation: Potential across South East Europe” was released at a high-level meeting preceding the opening of the seventh session of IRENA’s Assembly in Abu […]
Cost of capital for onshore wind and solar investments mapped
Investments in wind and solar energy in Southeast Europe did not increase even though the cost of capital decreased in 2014-2016, which is why stable policy schemes have to be designed at European and national level, according to the “Pricetag” study funded by the European Climate Foundation. The “Pricetag” project examined the cost of capital […]
