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Macedonia in efforts to facilitate its energy transition

Macedonia in efforts to facilitate its energy transition

Macedonia fully and timely carries out its obligations under the new Energy Law, adopted in May. However, it currently has only 20 MW of installed solar power capacity. In order to improve the situation, the new Energy Law stipulates a change from the “feed-in” tariff to the “premium” tariff model. With such a strategy, three to four million euros could be allocated for the construction of a total of 200 MW of solar power plants. This would potentially revive the construction

HEP investing in generation portfolio

HEP investing in generation portfolio

By 2028, Croatian state owned utility HEP aims to complete the €487 million (HRK 3.6 billion) revitalisation cycle of its hydro power plant (HPP) generation portfolio. At present, €190 million (HRK 1.4 billion) has already been invested. During the course of 2019 works: will continue on Ozalj (5.5 MW) and Gojak (55.5 MW); should be completed on Zakučac (486 MW), Dubrovnik (252 MW) and Fužine (4.6 MW); will begin on Varaždin (94 MW) and Senj (216 MW). The revitalisation effort

KESH in plans to construct 12.9 MW floating solar power plant

KESH in plans to construct 12.9 MW floating solar power plant

Albanian state-owned utility Korporata Elektroenergjitike Shqiptare (KESH) is in the process of acquiring permits for the construction of a 12.9 MW floating solar power plant to be installed on the water surface of the Vau-Dejës reservoir. All electricity produced is to be sold on the electricity market. Albanian transmission system operator OST already agreed to enable connection to the grid for the unit. The unit is foreseen to cover an area of 118 000 square meters when co

India Power to build 100 MW solar park in Albania

India Power to build 100 MW solar park in Albania

India Power won a large-scale solar tender in Albania and is preparing to build a 100 MW solar park near the city of Vlorë. According to the agreement, 50 MW of capacity will be guaranteed a power purchase agreement (PPA) of 59.9 €/MWh during a 15-year period, while the remaining capacity will sell its production at market prices on the local electricity market. As reported, six bids were submitted for the tender with 3 shortlisted offers being: India Power Corporation, UAE b

Greece set to auction 194 MW of solar & 229 MW of wind capacities

Greece set to auction 194 MW of solar & 229 MW of wind capacities

Greek Regulatory Authority for Energy (RAE) announced it will auction:94 MW of solar projects with a maximum installed output of 1 MW100 MW of solar projects with an installed output between 1 MW and 20 MW229 MW of wind projects with an installed output between 3 MW and 50 MWGreece set ambitious goals regarding the development of its renewable energy sector. Target of 2200 MW is set for solar units, 7500 MW for wind farms and 350 MW for biomass power plants. However, apart fr

ELEM in plans to construct 10 MW solar power plant

ELEM in plans to construct 10 MW solar power plant

European Bank for Reconstruction and Development (EBRD) is in the process of considering the possibility of providing a loan to Macedonian state-owned utility JSC Elektrani na Makedonija (AD ELEM) in order to provide financing for the construction of a photovoltaic power plant of 10 megawatts near the former thermal power plant of Oslomej. The project envisions the construction of a new solar power plant on the exhausted lignite mine of TPP Oslomej site as part of the new str

HEP to invest over €6 million in solar unit

HEP to invest over €6 million in solar unit

HEP announced plans to invest in 6.5 MW solar farm Orlec on the island of Cres. Orlec is to become HEP's first unintegrated solar power plant, which currently has nine integrated solar power plants installed on company's buildings. If counstructed, Orlec will be the largest solar power plant in Croatia, surpassing the current largest unit of 1 MW. This is HEP's the first project within the planned cycle of independent development or acquisition of projects for the constructio

Skopje opens solar panel factory

ELEM announces plans to expand its wind portfolio

ELEM announces plans to expand its wind portfolio

As announced by Macedonian state owned utility AD ELEM, next year, four new wind turbines are to be installed on the existing wind farm of Bogdanci. There are currently 16 operating wnd turbines in Bogdanci with an overall installed capacity of 36.8 MW. Bogdanci wind farm entered production mid-2015 following 18 months of construction. This first stage, reportedly cost €55.5 million with German KfW bank providing €47.9 million and ELEM contributing with €7.6 million. Installi

MVM starts construction on 20.6 MW solar in Paks

MVM starts construction on 20.6 MW solar in Paks

State-owned Hungarian utility MVM started construction on the 20.6 MW solar farm at Paks estimated at €28 million. MVM Hungarowind is the EPC, while construction works are presumed to last for 6 months. The unit is in line with MVM's ambitious plans of adding over 100 MW of solar capacity in 2018.. Source: Budapest Business Journal #Hungary #MVM #solar

Hungarian utilities announcing ambitious plans regarding solar

Hungarian utilities announcing ambitious plans regarding solar

Hungarian utility MVM started construction on the €28 million solar farm at Felsőzsolca, aimed to become the largest in the country. MVM is looking to have 150 MW in renewable energy capacity in the near future and plans to construct a total of 110 solar plants in 2018 having a built-in overall capacity of over 100 MW In addition, Hungarian based oil and gas company MOL announced intentions on investing in three solar farms with an overall capacity of over 18 MW by the end of

Montenegro to call a tender for 200 MW solar unit

MVM announces ambitious solar investment plan

MVM announces ambitious solar investment plan

Shortly after announcing the planned start of construction on the Paks II nuclear power plant, Hungarian based Magyar Villamos Muvek (Hungarian Electricity Works, MVM) announced a beginning of an ambitious investment program aimed at implementing 108 solar units across the country. The €160 million worth plan will increase the installed solar power plant output by around 100 MW. Two main sites proposed by the project will each have a 20 MW capacity and are estimated to cost j

US largest solar panel maker records slump

Shares of First Solar, US largest solar panel maker, fell 46% in the past year while the company recorded a net loss of $719.9 million for the fourth quarter. This was mostly due to the restructuring plan which cancelled their Series 5 module production and resulted in significant job cuts. The company will focus on manufacturing its Series 6 module with an efficiency of 18% and 0.42 kW per panel. Source: Renewable Energy World #solar

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