The Ministry of Energy of Bulgaria is reportedly working on a public call for EUR 120 million in state aid for investments in battery energy storage systems of 1.5 GWh overall. Many projects have been stuck since the European Union suspended funding, but major deals are underway nevertheless, alongside the construction of large facilities. Bulgaria […]
Greenvolt Group said its majority owner KKR fully subscribed to a EUR 150 million share capital increase. The transaction will especially support investments in battery storage. In two tranches, KKR will increase the capital of its subsidiary Greenvolt by EUR 150 million. The injection is particularly aimed for the segment of utility-scale battery energy storage […]
Serbia now has a Just Energy Transition Plan until 2030. The document contains suggested measures for the mitigation of the impact of reducing fossil fuel use, primarily coal, so that workers, firms and communities aren’t left behind. Following last month’s completion of the public consultation process regarding the proposed Just Transition Action Plan, the Government […]
Principia agreed to acquire all four EDPR’s wind power plants in Greece. The joint venture of Enel and Macquarie Asset Management’s funds is nearing 800 MW in renewable energy and battery storage capacity in the country. Principia, owned equally by Italy-based Enel and funds managed by Macquarie Asset Management, headquartered in Australia, is strengthening its […]
Ingka Investments, the investment division of the Sweden-based Ingka Holding, the largest IKEA franchisee company, said the construction of its first solar power plant in Romania is well underway. The Butimanu project is for 300 MW in peak capacity, which would make it the largest in the country. The biggest IKEA stores operator is proceeding […]
The mature residential battery storage markets in Europe are stabilizing, while policy-driven and emerging markets are gaining traction, according to EUPD Research. Its new report showed prices of home batteries slumped more than 50% between the first half of 2023 and the first half of this year. The European residential battery storage market has remained […]
Eximprod, which installed the first wind turbine in Romania more than two decades ago, delivered the first megawatt-hours to the grid from its new wind farm in the country’s east. In addition, it is about to receive a commercial operating license for a 49.5 MW solar park in Prahova county. Several other wind parks are […]
Veolia received a green light from Bulgaria’s capital city to install two hydropower generators within the city’s major water supply lines. The system is envisaged to generate 12 GWh of electricity per year. Mostly owned by local authorities and underfunded, water and sewerage utilities in Southeastern Europe are struggling to provide enough drinking water and […]
Margün Energy intends to search for lithium in geothermal waters in Seferihisar in western Turkey, where it took over a 12 MW geothermal power plant. It also launched a project to add a photovoltaic unit of 5.4 MW to the existing facility and create a hybrid power plant. Turkey, the fourth in the world in […]
The Government of Montenegro adopted urban planning and technical conditions for a solar power plant of 81.1 MW in peak capacity in Pljevlja. The site for the facility is part of a coal mining complex. Greece is the most successful by far in the Balkans in transforming coal land into clean energy and advanced technology […]
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