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 […]
Republic of Srpska and KfW agreed EUR 60 million credit for Hrgud wind farm
The Government of the Republika Srpska approved EUR 60 million credit by German KfW Development Bank for financing the Hrgud windfarm project, as confirmed by the Ministry of finance. State-owned utility Elektroprivreda (ERS) from Trebinje, received 50 years concession for the construction and operation of the Hrgud wind farm in Berkovići municipality a year ago. Now, […]
All rotors installed at Krnovo wind power plant
On Krnovo plateau near Nikšić in central Montenegro, the installation of all 26 wind turbines is complete. According to portal Cdm.me, the exact date of commissioning is yet not known, because it depends on weather conditions. The project worth more than EUR 140 million is implemented by the consortium of Akuo Energy from France and Ivicom Consulting […]
Siemens to deliver turbines for 44 MW wind farm in Croatia
The contract for the supply of wind turbines and rotors for the Zadar VI Extension onshore wind power plant in Croatia was awarded to Siemens. The wind farm, planned for 2017, will have total 44,2 MW of installed capacity. Commissioning of the power plant is planned for summer 2017. The contract between Siemens and the […]
Islamic Development Bank to provide financing for Turkish energy sector
Being a key development sector for the bank, energy projects in Turkey will receive “significant financial support over the next 10 years” from Islamic Development Bank (IDB), said Salah Jelassi, IDB`s Turkey director in an interview for the Anadolu Agency – Energy News Terminal. “In recent years IDB provided USD 540 million for energy projects […]