The European Bank for Reconstruction and Development (EBRD) is lending 15 million euros to Photon Energy, a regional renewable energy producer, to support its activity in Romania and Poland. The EBRD’s investment will enable Photon to complete the construction of a portfolio of six solar parks in Romaniawith a total installed capacity of 29 MW. This, in […]
Hungary and Greece are global leaders in solar energy production Read More »
Hungary has the third-highest share of solar energy in electricity generation in the world, according to a recent annual report by the international think tank EMBER. Based on their data, Chile generated the largest share of electricity from solar power last year, with 19.9 percent, followed by Greece with 19 percent, and Hungary came in third
Greece: Two more bidders exit the tender for Ariadne interconnection Read More »
Greek construction and energy group GEK TERNA and Italian transmission system operator Terna, two of five qualifiers into the final round of a tender offering a 20 percent stake in Ariadne Interconnection, a Greek power grid operator IPTO subsidiary established for the development of a 1.1 billion-euro grid interconnection to link the power grids of
Romania: Rompetrol Rafinare restarted production at the Petromidia refinery Read More »
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), initiated the process of restarting the production facilities at the Petromidia Navodari refinery after the timely completion of the maintenance, recertification, and modernization of the units. The installations will enter the production flow in stages, reaching optimal capacity in the shortest possible time. Thus, the company has
Romania: Chinese companies exit solar tender after EU probe Read More »
Two Chinese solar panel manufacturers have withdrawn from a public procurement tender in Romania after the EU launched a foreign subsidy probe. The European Commission started an investigation in April into two consortiums suspected of receiving subsidies that Brussels feared would undercut rivals in Europe. After the Chinese-owned firms withdrew their bid, the commission said it would
Romania: Italian Fri-El develops 300 MW wind projects Read More »
Mitoc Partners, indirectly owned by Italian investors (75%) and Romanian lawyer Edward Dobre (25%), is developing a major wind generation project in Botosani County, composed of three wind farms with an installed capacity of 305 MW, Profit.ro reported. The project, which reached the stage of getting the environmental permit, is estimated to cost EUR 531 million. The
Ukraine plans record electricity imports after Russian attacks Read More »
Russian strikes have wreaked havoc on Ukraine’s power sector, prompting unprecedented imports. Ukraine will source power from Romania, Slovakia, Poland, Hungary, and Moldova. Ukraine plans to import record amounts of electricity from its neighboring countries after sustaining critical energy infrastructure damage from targeted Russian attacks, the country’s energy minister said on Monday. The Ukrainian Ministry of Energy
Federation BiH to launch just energy transition in coal regions Read More »
The Government of the Federation of Bosnia and Herzegovina adopted a conclusion on the implementation of measures for a just transition in FBiH in areas where active coal production is ongoing. The conclusion states that the government expresses full commitment to the process of a just transition in the FBiH, in line with BiH’s international commitments and
Croatia: HEP launched a call for the purchase of green electricity Read More »
Croatian energy utility HEP invites interested parties to express interest in establishing business cooperation in the field of purchasing electricity produced from renewable sources and high-efficiency cogeneration. HEP said that facilities with a capacity of 1 MW or more at a single metering point, which would supply all produced electricity to the network, will be exclusively taken into
Montenegro to reach carbon neutrality by 2050 Read More »
Montenegro’s goal is to reduce greenhouse gas emissions by 55% by 2030 at the latest, and that its long-term objective is to achieve carbon neutrality by 2050, Minister of Energy and Mining Saša Mujović said at Belgrade Energy Forum. He estimated that Montenegro is on track to get 200 MW of new renewable energy capacity through several projects.
