wind

Montenegro: Offshore wind potential estimated at 2.3 GW

A Study on the Resource Viability of Offshore Wind Energy in Montenegro, authored by Miloš Bogdanovic and Špiro Ivoševic at the Faculty of Maritime Studies, University of Montenegro, suggests the country has potential for more than 2.2 GW of offshore wind.  The authors of the study investigated areas in the Adriatic suitable for the construction of offshore windfarms. Seven […]

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Western Balkans: Alcazar receives 490 million USD to finance renewables

Luxembourg infrastructure fund Alcazar Energy Partners II has reached a final closing of US$490 million after successfully acquiring the project rights for its first two wind farms in the Western Balkans, totaling 456 MW. Since first closing in November 2022, the fund has attracted eight additional investors, including the US International Development Finance Corporation (DFC).

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Greece: Crete offshore wind farm talks to be held after European elections

Deputy energy minister Alexandra Sdoukou and Crete’s regional authorities have agreed to postpone further talks on the island’s prospective offshore wind farm plan until mid-June, following European Parliament elections. Voting in Greece is scheduled for June 9. Market officials have feared the matter would be delayed over political cost concerns ahead of the European Parliament

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Montenegro: EPCG to launch construction of the Gvozd wind farm in July

The Montenegro Power Utility (EPCG) is set to kick off construction of the Gvozd wind farm in July, with plans also in motion for Gvozd 2, a 30-megawatt (MW) expansion, as announced by Milutin Đukanović, the president of the Board of Directors of the state-owned power company. “Based on our projections, construction was slated to commence a year ago. Unfortunately,

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