Paris-based TotalEnergies agreed to divest of 50% of its 424 MW wind and solar portfolio in Greece. The sale to investment management firm Asterion Industrial Partners, part of a global savings strategy, values the assets at EUR 508 million. Multinational energy giant TotalEnergies is proceeding with a plan from last year to raise cash through […]
Leitwind makes wind turbines from 250 kW to 3 MW, engineered to perform efficiently under the full range of wind conditions in Southeastern Europe, from the calm Aegean islands to the stronger continental winds of Serbia, Thrace, or the Danube basin. The Balkans are entering a new phase of wind energy development — one defined […]
Coal land of Romanian state-owned CE Oltenia is undergoing transformation with the beginning of construction of four photovoltaic plants. The projects, which the company is conducting with OMV Petrom, are for 550 MW in combined capacity. In a separate partnership, with Tinmar Energy, 280 MW more is in development. Almost four years after the European […]
Power storage services are the core activity of Aktor’s new subsidiary Aktor BESS, but it could also build and operate renewable electricity and natural gas–fired plants and enter trade and distribution. The company earlier formed a business with DEPA Trade for liquefied natural gas (LNG). Greek infrastructure and renewable energy developer and operator Aktor Group […]
Mubadala Investment Company, a sovereign wealth fund of Abu Dhabi, has committed EUR 300 million to a joint venture with Actis that operates Rezolv Energy. The investment firm from the United Arab Emirates also owns a third of Masdar, which launched a partnership with Romania’s Hidroelectrica last year. Independent renewable energy platform Rezolv Energy, active […]
Sweden-based OX2 installed the last turbine at Nala Renewables’ Green Breeze wind farm in Romania as the contractor for its former project. Earlier it launched the construction of the Ansthall Green Energy facility of 96 MW for HELLENiQ Energy, under a similar arrangement. The company has also bought three wind power projects in Romania, totaling […]
After numerous failed attempts for half a century, Romania intends to revive the Tarnița-Lăpuștești pumped storage hydropower project in tandem with France’s EDF. State-owned Hidroelectrica published a proposal to its shareholder assembly to establish a 50%-50% joint venture for the 1 GW endeavor. The utility also intends to buy the Frasin-Pângărați pumped storage facility when […]
Austria-based Enery intends to commission a four-hour battery storage system of 150 MW in central Bulgaria by the end of the first quarter of next year. The project relies on a virtual power purchase agreement (PPA) with Vitol. Enery said it has secured a green financing package from DSK Bank AD for its flagship 600 […]
The Ministry of Economy of Kosovo* invited the three prequalified entities to submit bids for a wind power auction for a targeted capacity of up to 100 MW. The authorities didn’t declare any deadline. Eight months after the prequalifications process was completed, when Minister of Economy Artane Rizvanolli said the next phase would start soon, […]
Author: Zoran Gjorgjievski, CEO of North Macedonia’s National Electricity Market Operator MEMO This text reflects a personal viewpoint and represents an attempt to present the Macedonian position in an argument-based manner — with respect for European objectives, but also with a clear message that the implementation of CBAM must be just, proportionate, and based on […]
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