electricity

Romania: GE Vernova secures order to supply 252 MW Ialomita wind project

GE Vernova has signed an agreement with Greenvolt International Power to supply wind turbines for the 252 MW Ialomita wind farm in southeastern Romania. The order, confirmed in the third quarter of 2025, includes the delivery, installation, and commissioning of 42 onshore turbines from GE Vernova’s 6.1 MW–158m series. Deliveries are scheduled to begin in […]

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Montenegro launches geological surveys for strategic HPP Krusevo

Geological surveys for the Krusevo hydropower plant have started, marking the first concrete step in one of Montenegro’s key energy projects. The work follows a contract signed on 29 November 2024 between EPCG and the Jaroslav Cerni Institute for Water Management, fully financed by EPCG, allowing parallel advancement of all necessary procedures. The 82 MW

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Montenegro: EPCG and France’s Akuo Energy partner on floating solar and storage projects

Montenegro’s state-owned power utility EPCG has signed a cooperation agreement with French renewable energy company Akuo Energy to jointly develop a floating solar power project. The Memorandum of Understanding establishes the framework for building a solar park on Slano Lake in western Montenegro and paves the way for broader collaboration in renewable energy development. Beyond

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Bulgaria: SUNOTEC secures financing for 115 MW solar and 763 MWh battery projects

Bulgarian renewable energy company SUNOTEC has secured financing for a portfolio of seven clean energy projects in Bulgaria, totaling 115 MW of solar capacity and 763 MWh of battery storage. The financing agreement, finalized in September, includes one integrated solar-plus-storage facility and six standalone battery energy storage system (BESS) projects. These projects are either fully

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From Čačak to Europe: Nearshoring shared business services with regional talent and real connectivity

Čačak sits in the heart of Serbia with an asset mix that plays perfectly to near-sourcing: a deep regional talent catchment, motorways that cut transit times to major hubs, and operating costs that let you scale shared business services (SBS) without compromising quality. For EU clients, it delivers CET-hour coverage, cultural proximity, and audit-ready execution.

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The new currency of trust: Where technical risk meets financial consequence

In modern infrastructure, oversight isn’t a paperwork ritual—it’s a translation exercise. Design choices, test results, and schedule slips must be converted into hard numbers a credit committee can act on. That alignment of technical risk with financial consequence has become the essence of how projects get financed, built, and handed over. Why this shift is

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When ESG gaps halt financing: The Owner’s Engineer’s role in industrial projects

In industrial construction today, an ESG non-conformity can hold a loan tranche as effectively as a failed transformer test. Lenders and investors now expect the Owner’s Engineer (OE) to treat environmental, social, and governance risks with the same rigor as design and quality—because the financial consequences are real and immediate. Why ESG non-conformities matter to

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Ensuring technical conformity and compliance of equipment from China

China is a global manufacturing powerhouse for electrical, mechanical, and industrial equipment—from LV/MV/HV switchgear and transformers to pumps, skids, and fabricated steel. These products can meet the highest international standards—but only if conformity, documentation, and testing are controlled end-to-end. For EU-bound assets, non-compliance can halt customs clearance, void insurance, block loan disbursements, and jeopardize project schedules.

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Oversight, compliance and conformity: How technical and financial governance ensure sustainable project delivery

Construction is no longer judged only by the concrete poured or steel erected. It is now a multidisciplinary process of assurance, where every cubic meter, test result, and inspection report must align with financial drawdowns, ESG obligations, and lender-defined governance frameworks. In this environment, technical supervision and financial compliance have merged into one continuous oversight system.The result: projects that

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Bridging engineering and finance: Creating bankable infrastructure through technical expertise

Engineering builds physical assets; finance builds the means to make them possible. Historically, they operated in parallel — engineers focused on drawings and structures, financiers on spreadsheets and returns. But as projects grew larger, riskier, and more complex, the separation between technical and financial decision-making became untenable. Today, they are inseparable: a bridge, turbine, or industrial plant

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