solar Archives - Balancing Energy

Romania: TMK Hydroenergy commissioned a 1 MW floating solar power plant

TMK Hydroenergy Power, in partnership with Innovation Norway, developed the first floating photovoltaic energy system in Romania, on the lake of the Grebla hydropower plant, a landmark in renewable energy and produces over 1 million kWh of green energy annually. The initiative represents a pioneering action and marks a significant step towards sustainability, through the simultaneous […]

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Serbia: Nofar starts building a 26 MW solar park

Nofar Energy started the construction of a 26 MW solar park in north Serbia, divided into two units that would be connected to the distribution network. The project is worth around 25 million euros. The company said it would complete it before the end of the year. Two units have connection approval for 9.999 MW each from

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Europe: Solar energy production increased in week 21

According to AleaSoft Energy Forecasting, in the week of May 20, prices in the main European electricity markets rose following increases in gas and CO2 prices. TTF gas and CO2 futures reached the highest values since the first half of December 2023 and January 2024, respectively. Even so, most markets registered negative hourly prices, primarily

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Serbia: 10 MW solar park Saraorci commissioned

The first phase of the construction of the biggest solar park in Serbia, Saraorci, has been completed. The total installed capacity in the first phase is 9.86 MW (11.8 MWp), whereas a power of 1.5 MW (1.86 MWp) is planned for the second phase. This is a photovoltaic power plant which is fully transferred to

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FBiH: EBRD to grant a 25 million euro loan for photovoltaic power plants Gračanica 1 and Gračanica 2

The Government of FBiH passed the Decision on granting prior approval for the loan of Elektroprivreda BiH from the European Bank for Reconstruction and Development for the implementation of the Project “Construction of Photovoltaic Power Plant Gračanica 1 and Photovoltaic Power Plant Gračanica 2 in the amount of EUR 25.1 million. According to the decision,

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Bulgaria: The share of solar power plants in the electricity network increased by 115% in 2024

The share taken by photovoltaic plants in the electricity transmission network in Bulgaria increased by 115.01% between January 1 and May 19, 2024, compared to the same period last year, according to the latest data published on Tuesday by the system operator in Bulgaria on its website, BTA informs. According to the data, from the

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Bulgaria: The share of solar power plants in the electricity network increased by 115% in 2024

Bulgaria: The share of solar power plants in the electricity network increased by 115% in 2024 Read More »

Croatia: JANAF acquired its first solar project

Jadranski Naftovod has begun with its very first solar power plant project, with plans to put it into function by March next year. Jadranski Naftovod has officially taken over 100% of the shares in the company Solar Energy Vođinci. That of course includes the investment in a solar power plant in Vođinci, near Vinkovci. That

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Serbia: Nofar Energy to develop the largest solar project in the country

The upcoming unveiling of Serbia’s largest solar park, located in Ada, will mark a significant milestone for Nofar Adria, a company primarily owned by Israeli firm Nofar Energy. With a total capacity of 26 NW, this solar facility represents a substantial investment of 30 million euros and is expected to generate approximately 33,150,000 kWh of electricity annually.

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Bulgaria: SENS LSG connected 141 Mwp solar projects to the grid

A German-Austrian joint venture SENS LSG has connected two solar parks with a combined capacity of 141 MWp to the electricity network. The solar parks, one of 91 MWp and the other of 50 MWp are located in the municipality of Dalgo Pole, where they join SENS LSG’s previously executed project. SENS LSG is a

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