Croatia: JANAF acquired its first solar project Read More »
Jadranski Naftovod has begun with its very first solar power plant project, with plans to put it into function by March next year. Jadranski Naftovod has officially taken over 100% of the shares in the company Solar Energy Vođinci. That of course includes the investment in a solar power plant in Vođinci, near Vinkovci. That […]
SEE region: Eurohold launch 500-million-euro arbitration proceedings against Romania Read More »
Eurohold Bulgaria and Euroins Insurance Group AD have officially filed a request for arbitration against the government of Romania at the International Centre for Settlement of Investment Disputes in Washington. The claim is more than 500 million euros. The action comes after the Romanian financial authority ASF wirhdreww the licence of Euroins Romania in March
Romania: Rompetrol seeksa partner for a green hydrogen project at its refinery Read More »
Rompetrol Rafinare is seeking a partner to build and operate a green hydrogen plant to decarbonise its Petromidia Refinery. The plant should be located near or on the grounds of the refinery and be capable of producing 11,000 tons of green hydrogen annually. This necessitates a renewable electricity supply of around 75 MW which should
Serbia: EPS to receive 100-million-euro Italian loan for decarbonisation projects Read More »
Italian development bank Cassa Depositi e Prestiti will provide a 100 million euro financing package to Serbian power utility Elektroprivreda Srbije to support the decarbonisation process, EPS said in a press release. The initiative aims to bolster renewable energy use, enhance energy sector security, and promote sustainability, supporting Serbia’s plans for renewable energy expansion and
Serbia: Energy-intensive companies seek state support in the decarbonisation process Read More »
Companies in Serbia are not afraid of decarbonisation and the European Union’s Carbon Border Adjustment Mechanism (CBAM), but they are worried that the state does not recognise what needs to be done to help the affected industries protect jobs and maintain competitiveness. Producers of cement, steel, aluminium, and mineral fertilisers claim they need neither money
Western Balkans: Alcazar receives 490 million USD to finance renewables Read More »
Luxembourg infrastructure fund Alcazar Energy Partners II has reached a final closing of US$490 million after successfully acquiring the project rights for its first two wind farms in the Western Balkans, totaling 456 MW. Since first closing in November 2022, the fund has attracted eight additional investors, including the US International Development Finance Corporation (DFC).
Romania: Engie acquired 80 MW wind park Read More »
Engie has completed the acquisition process of an operational onshore wind farm with a capacity of 80 MW, previously owned by the EnerCap Capital Partners Group and EP Global Energy. Located in Chirnogeni, Constanța County, the wind farm benefits from the favorable wind conditions specific to the region and is predicted to generate an annual
The operator of the Greece-Bulgaria natural gas pipeline, ICGB, launched the binding phase of market testing for expanding the pipeline’s capacity from 3 to 5 billion cubic metres annually. In collaboration with natural gas transmission system operators, ICGB has published notices for the binding phase to gauge market interest in booking the pipeline’s incremental capacity,
Greece: PPC posts net profit of 86 million euros in Q1 Read More »
Greek energy utility PPC recorded a net profit of 86 million euros in the first quarter, up from 51 million euros in the same period of 2023. The company had a recurring EBITDA of 459 million euros, up 64 percent from Q1 2023, due to the higher contribution of distribution activity, improved integrated profitability and
Greece: US DFC interested in participating in the Great Sea Interconnector project Read More »
The US International Development Finance Corporation (DFC) has expressed an interest in participating in the Great Sea Interconnector project linking the electrical grids of Greece, Cyprus and Israel via undersea cables, Greece’s Independent Power Transmission Operator (IPTO) has said. With a capacity of 2,000 megawatts and bidirectional capabilities, the interconnector project aims to bolster energy
