electricity

Romania: EBRD weighs €40 million financing for 190 MW of new solar capacity

The European Bank for Reconstruction and Development (EBRD) is considering providing up to 40 million euros in financing to support the development of three solar power plants in Romania with a combined planned capacity of 189.7 MW. The funding would go to local special purpose vehicles Solar World, RB Solar Energy, and Energie Soleil, which […]

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Hungary: E.ON deploys mobile voltage regulator to support rooftop solar expansion

E.ON has introduced a mobile series voltage regulator on Hungary’s medium-voltage grid to address growing voltage fluctuations linked to the rapid expansion of rooftop solar. The first unit, installed between Letenye and Nagykanizsa on a rural feeder near Rigyac, represents an investment of 800,000 euros. Solar generation often peaks during the day when household demand

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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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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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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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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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