Romania: DRI secures €60 million financing for 126 MW Vacaresti solar project

DRI, the European renewables division of Ukrainian DTEK, has secured non-recourse financing of up to 60 million euros from UniCredit and Garanti BBVA for the Vacaresti solar project in Dambovita County. The financing package includes a 56 million euro long-term construction and term loan, a 4.4 million euro VAT facility, a Debt Service Reserve Facility, […]

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Romania: Hidroelectrica launches 45 MW Tudor Vladimirescu solar project as part of solar expansion plan

Romanian electricity producer Hidroelectrica has launched a 31.6 million euro tender for the Tudor Vladimirescu solar power plant in Braila County. The 45 MW project, dormant since 2012 due to the company’s insolvency, covers 55 hectares of Hidroelectrica-owned land near high-voltage corridors and substations, facilitating grid connection. The contract includes full delivery of the project:

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Montenegro: EPCG to relaunch SHPP Otilovici tender in August, pushing back commissioning timeline

Montenegrin state-owned power company EPCG is set to launch a new tender in August for the small hydropower plant (SHPP) Otilovici, two years into a procurement process that has been canceled twice. Along with the new call, EPCG is considering involving international financial institutions as funding partners to ensure a bankable project. If the procedure

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Greece: Solar surge in narrows wind’s lead, raising grid and market challenges

Data from Greece’s electricity transmission system operator ADMIE show a sharp acceleration in solar growth on the transmission network, challenging wind power’s long-standing dominance and raising concerns over midday overgeneration, curtailments and downward pressure on market prices. Renewable capacity on the transmission grid has reached 7,741 MW, supported by 699 MW of pumped-storage hydro. Wind

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Croatia: Krk LNG terminal receives 125th cargo as capacity expansion nears

LNG Hrvatska has marked the arrival of the 125th cargo at the Krk LNG terminal, delivered by the LNG carrier Assos operated by Capital Gas. Although the operator did not reveal the shipment’s origin or destination, vessel tracking indicates it departed from the Freeport LNG terminal in Texas, USA. The terminal reached its 100th cargo

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Albania: Blue 1 solar power plant generates 118 GWh in first year, powering nearly 15,000 homes

Blue 1, a 50 MW solar power plant developed by Albanian companies Matrix Konstruksion and Blessed Investment near Fier, generated 118 GWh of electricity in its first year of operation. According to operations and maintenance partner Abkons, the output matches the developers’ annual forecast and can supply around 14,750 households. The facility has been fully

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Region: ICGB expands Vertical Gas Corridor with new routes to boost regional energy security and supply to Ukraine

ICGB, the operator of the Greece-Bulgaria gas interconnector (IGB pipeline), will launch two new cross-border capacity routes to improve regional energy security and expand direct transmission access from northern Greece to Ukraine. The new pathways, Route 2 and Route 3, were developed in cooperation with the transmission system operators of Greece, Bulgaria, Romania, Moldova and

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Europe: Electricity prices drop in early August, while Italy and Iberian markets see sharp increases

In the first week of August, average electricity prices fell in most major European markets compared to the previous week. The exceptions were Italy’s IPEX market and Spain and Portugal’s MIBEL market, which rose by 3.5%, 57%, and 59%, respectively. The largest percentage drop was recorded in the Nordic Nord Pool market, down 76%. Other

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Europe: Electricity demand falls in early August but forecasts point to rebound

In the week of August 4, electricity demand fell in most major European markets compared to the previous week. The largest declines were in Great Britain, down 7.1%, and Italy, down 6.9%, while Germany registered the smallest drop at 0.5%. France and Portugal saw decreases of 1.5% and 2.2%, respectively. In France, Italy, and Great

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