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 […]
The fossil fuel age is crumbling, according to UN Secretary-General António Guterres. Renewables maintained their cost leadership in global power markets, the International Renewable Energy Agency said in an annual report. In 2024, onshore wind farms were the cheapest of all versus the lowest-cost fossil fuel alternatives, by 53% on average, while photovoltaic systems were […]
Astronergy allocated USD 700 million for its second solar module factory in Turkey. It aims to start manufacturing photovoltaic wafers and cells in Balıkesir in the first phase. The company is part of Chint Group, headquartered in China. Turkey’s industrial base for renewable energy equipment is expanding. The solar and wind power segment is serving the […]
The largest solar power plant in Slovenia has only 7.1 MW in peak capacity and a 5 MW grid connection. The facility in the country’s southwest, on the border with Italy, has begun regular operation, according to its developer Moja elektrarna. Slovenia is mostly leaning on small photovoltaic and battery storage installations for its renewables […]
The number of power purchase agreements (PPAs) for renewables in Europe fell by 31% and the volume tumbled 26% in the first half of the year from the levels in the same period of 2024, Pexapark found. Germany and France registered sharp declines in the photovoltaics segment, but a surge in Italy and Spain has […]
Solar and wind power projects with or without energy storage that are on Slovenia’s priority list can be submitted for grants from the European Union’s Modernisation Fund. The round is worth EUR 29.5 million and the deadline is January 7. Notably, of the 1,117 projects for renewables and cogeneration approved for state support so far, […]
Electricity supplier and distributor Electrica listed its first green bonds on the Luxembourg Stock Exchange. It was the largest issuance of its kind among Romanian companies, excluding financials. Electrica, in which the Romanian Government controls a stake of just under 50%, issued green bonds worth up to EUR 500 million. It is using the proceeds […]
Legal entities and entrepreneurs in Montenegro are preparing to compete for market premiums with their solar power projects. The quota for the first such auction in the country is 250 MW, and applications close on November 10. Following the completion of the legal framework with laws and decrees, the Montenegrin Ministry of Energy and Mining […]
Serbian state-owned power utility Elektroprivreda Srbije, EPS, connected its first larger photovoltaic unit to the grid. The new solar power plant is called Petka and it has a 10 MW grid connection. It is located in the Kostolac coal mining complex east of Belgrade, next to a wind park that is nearing completion. Each new […]
In its Impact Report 2024, the Green for Growth Fund outlined how it powers the green transition across Southeast Europe, the Caucasus and beyond – from repurposing coal sites and decarbonizing industries to strengthening energy security and building climate resilience. It ended last year with EUR 1.09 billion in assets under management and an outstanding […]
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