Krnovo wind park to start trial production of energy in early 2017
Works on the construction of Krnovo wind power plant near Nikšić are completed and trial production of energy should start early next year after the operating licence is obtained. The Krnovo wind power plant consists of 26 wind turbines, two transmission lines and two substations, maintenance buildings, while planned annual production is between 200 to […]
New law on renewables acceptable, still room for improvement
The Association for Wind Energy (RWEA) welcomed the decision of the Romanian Government to change the Law which sets the support system for the production of energy from renewables. According to RWEA, a series of legislative changes introduced since 2013 have affected the support scheme for energy producers in the renewables industry and a new […]
Proposed law changes for renewable energy in Romania not in favour of small producers
Small energy producers in Romania claim that proposed law changes for the renewable energy sector are not in their favour. After a public consultation, the Energy Ministry has recently published the draft bill for amending the Law 220 from 2008 which sets the support system for the production of energy from renewable sources. According to the […]
Auctions for renewables: towards markets proximity
The future of support mechanisms for renewables with targeted insight towards the SEE markets and bankability point of view By Ladislav Tolmaci, Erste Group Bank AG, Leveraged and Project Finance In the recent depressed wholesale power price environment predominant on the European commodity exchanges, any investment into electricity generating technology becomes related to a question […]
EBRD to support renewable energy projects in Greece
The European Bank for Reconstruction and Development (EBRD) will support one of the leading Greek renewable energy companies Terna Energy S.A. with EUR 50 million to develop projects in Central Greece. Terna Energy will invest a total of EUR 60 million in the development, construction and operation of renewable energy projects in Greece. One of […]
Bulgarian ESO plans to add 1,4 GW renewable energy by 2025
Bulgarian Electricity system operator (ESO/TSO) announced 1,8 GW boost in power generation capacity for a total of 52,6 TWh of electricity delivered to the network within the next 10 years, reports SEE News. This ambitious plan was published in a document on the ESO website, along with a plans for a development of Bulgarian power distribution […]
Turkey to build 1 GW solar power plant in Konya
Turkish minister of energy and natural resources Berat Albayrak announced the tender for the 1 GW photovoltaic solar power plant in Karapınar, Konya in December. In the announcement, he said that the “world’s largest photovoltaic solar plant will mark the new era for the renewable energy in Turkey”. It is expected that the United States, […]
Wind power industry losses in Romania reaching EUR 1 billion
Ernst & Young (EY) study, commissioned by the Romanian Wind Energy Association (RWEA), showed that the net loss of the wind power industry in Romania for 2015 is EUR 421 million, making the total losses in 2014-2015 up to EUR 909 million. Wind power projects, worth about EUR 5 billion in total, are the most […]
