solar Archives - Page 32 of 32 - Balancing Energy

Croatia: Advance Capital Partners acquires 60% of Solvis

The special investment fund Advance Capital Partners and the founder and co-owner of Solvis Stjepan Talan reached an agreement on a strategic partnership with that large Croatian producer of solar panels and integrated photovoltaic solutions. “Upon fulfilment of certain contractual conditions and provision of regulatory approvals from competent bodies for competition protection, the special investment […]

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Croatia: Statkraft takes over Neoen’s portfolio of projects

This includes all of Neoen’s projects in the early stages of development: wind power projects, solar power projects, as well as battery energy storage system (BESS) projects. Neoen has been present in Croatia since mid-2020, while Statkraft started its operations in Croatia in 2021. Now, having received all necessary regulatory approvals, Statkraft will initiate its

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Albania: Local companies interested to build 101 MW solar projects

The Albanian Ministry of Energy received expressions of interest from local companies to develop four solar farms with a total capacity of 101 MW. The solar plants are not subject to a concession and do not benefit from support measures. Select Energy has expressed interest in the construction of a solar photovoltaic plant, with an installed

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Romania: EBRD to support the expansion of Photon Energy’s solar portfolio with 15 million euros

The European Bank for Reconstruction and Development (EBRD) is lending 15 million euros to Photon Energy, a regional renewable energy producer, to support its activity in Romania and Poland. The EBRD’s investment will enable Photon to complete the construction of a portfolio of six solar parks in Romaniawith a total installed capacity of 29 MW. This, in

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Hungary and Greece are global leaders in solar energy production

Hungary has the third-highest share of solar energy in electricity generation in the world, according to a recent annual report by the international think tank EMBER. Based on their data, Chile generated the largest share of electricity from solar power last year, with 19.9 percent, followed by Greece with 19 percent, and Hungary came in third

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Romania: Chinese companies exit solar tender after EU probe

Two Chinese solar panel manufacturers have withdrawn from a public procurement tender in Romania after the EU launched a foreign subsidy probe. The European Commission started an investigation in April into two consortiums suspected of receiving subsidies that Brussels feared would undercut rivals in Europe. After the Chinese-owned firms withdrew their bid, the commission said it would

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Montenegro to reach carbon neutrality by 2050

Montenegro’s goal is to reduce greenhouse gas emissions by 55% by 2030 at the latest, and that its long-term objective is to achieve carbon neutrality by 2050, Minister of Energy and Mining Saša Mujović said at Belgrade Energy Forum. He estimated that Montenegro is on track to get 200 MW of new renewable energy capacity through several projects.

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Europe: Solar energy production increased in week 18

According to AleaSoft Energy Forecasting, in the second week of May, prices in the main European electricity markets remained at similar levels to those of previous weeks, although the weekly average rose in most of them. The weekly average price fell only in the French market, which registered the lowest value, thus breaking the Iberian

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