Plans for a large-scale solar power plant near Nikšić have reached a major regulatory milestone, as project documentation has entered the environmental approval process. The Environmental Protection Agency confirmed that an environmental impact assessment has been formally submitted for the Tupan solar power plant. The proposed facility is designed with a capacity of 90 MW […]
Weekly averages during the week of December 22 were below €85/MWh in most markets. Exceptions were the UK (€91.33/MWh) and the Italian IPEX market (€108.41/MWh). The Nordic market recorded the lowest weekly average at €38.34/MWh, while other markets ranged between €69.41/MWh in France and €83.02/MWh in Germany. Regarding daily prices, on Thursday, December 25, the
Europe: Electricity prices fall in late December amid rising renewables and lower demand Read More »
During the week of December 22, solar photovoltaic energy production rose across key European electricity markets compared to the previous week. After four consecutive weeks of declines, solar output jumped by 48% in Portugal and 21% in Spain. Italy saw an increase of 29%, while France recorded a 23% rise, recovering from the previous week’s
Europe: Solar and wind energy surge across major markets in late December Read More »
Romania’s solar market is set to welcome a flagship project as local contractor Waldevar Energy signs an agreement to deliver a large-scale solar facility for Entek Elektrik, a subsidiary of Turkey’s Tupras. The project will feature a minimum installed capacity of 200 MW. Under the contract, Waldevar will take on full EPC responsibility—engineering, procurement, and
Romania: Waldevar Energy to build 200 MW flagship solar plant for Entek Elektrik Read More »
Plans for a major solar power project in western Montenegro have moved into a crucial regulatory stage, with environmental documentation now under review by the competent authorities. The Environmental Protection Agency has confirmed receipt of a full environmental impact assessment submitted by developer Agenos Energy. The proposal foresees the construction of a 100 MW solar
Montenegro: Environmental review launched for 100 MW Vraćenovići solar project Read More »
Construction has officially begun on a new renewable energy facility in southeastern Albania, where Turkish developer Fortis Energy is building a large-scale solar power plant combined with battery storage near the town of Erseke. The solar park will have an installed capacity of 62 MW, and once fully operational it is expected to generate around
Albania: Fortis Energy breaks ground on 62 MW solar and battery storage project Read More »
Europe has already crossed a strategic threshold. Renewables are no longer an experimental transition concept; they are the backbone of its emerging power system. Wind, solar and hydropower are structurally rewriting electricity economics. Storage is shifting from a niche support function into an essential strategic pillar. Flexibility has become capital. Stability now depends not on
North Macedonia has formalized state guarantees and loan agreements totaling €97 million to advance two major energy investments aimed at reshaping the country’s electricity sector. The funding package supports the construction of the Bitola 3 solar power plant and a broad program to modernize existing hydropower facilities. The Bitola 3 solar project carries a total
During the week of December 15, solar photovoltaic (PV) energy production declined across most major European electricity markets compared to the previous week. The Italian market experienced the steepest drop, falling by 41%, followed by the French and Spanish markets with decreases of 26% and 19%, respectively. The Portuguese market saw the smallest reduction at
Romania’s solar capacity has expanded further with the commissioning of the Vacaresti solar power plant, a 126 MW project developed by DRI, the renewable energy arm of Ukrainian DTEK. With the facility now producing electricity, DRI’s operational portfolio in Romania has grown to nearly 300 MW. Construction of the Vacaresti project progressed rapidly, reaching completion
