wind Archives - Balancing Energy

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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Europe: Wind energy production decreased in week 21

Accroding to AleaSoft Energy Forecasting, in the fourth week of May, wind energy production declined in most major European markets compared to the previous week, reversing the upward trend of the previous week. The decreases were 49% in the German market, 41% in the Portuguese market and 30% in the Spanish market. The exceptions were the

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Romania: Green light for NERO Renewables wind project

The wind project in Buzau County in Romania, which was originally intended to transfer renewable energy to the Netherlands, has received authorization from the regulator agency for water and energy ANRE. This is one of the final steps in the authorization process for the investment. The project developer now must prove that they have the

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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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Romania: Engie acquired 80 MW wind park

Engie has completed the acquisition process of an operational onshore wind farm with a capacity of 80 MW, previously owned by the EnerCap Capital Partners Group and EP Global Energy. Located in Chirnogeni, Constanța County, the wind farm benefits from the favorable wind conditions specific to the region and is predicted to generate an annual

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Europe: Wind energy production increased in week 19

AleaSoft Energy Forecasting reports that in the week of May 13, wind energy production increased in most major European markets compared to the previous week, reversing the downward trend of the previous week. Increases ranged from 14% in the Spanish market to 224% in the German market. The exceptions were the Italian and French markets, which

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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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Serbia: Krivaca wind farm commissioned

The Krivaca wind farm stands as a testament to Serbia’s growing commitment to renewable energy. Situated in Eastern Serbia, it is one of the largest wind farms in the region and the first of its kind in the area. This significant investment, valued at 165 million euros, facilitates an annual production of 310 GWh of green energy, capable

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Serbia: MK and Alfi commissioned 106 MW Krivača wind park

MK Group and Alfi Renewables inaugurated Krivača Wind Park in eastern Serbia. At 105.6 MW in capacity, it is the first such facility in the country south of the Danube as well as the Sava River. The construction of the Krivača wind farm Began in May 2021. It is the first RES project in Serbia with

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