South East Europe

/ATHENS, GREECE, January 8, 2025, 10:00 ib vogt, Faria Renewables/ International renewable energy development platform ib vogt has reached an agreement to sell its project portfolio in Greece to Faria Renewables, a prominent Greek independent power producer (IPP) and developer, supported by Omnes Capital’s Capenergie 5 fund and the Faria Group. This portfolio includes approximately 780 MWp of solar photovoltaic (PV) and battery energy storage system (BESS) assets at various stages of development, which features a 45 MWp solar PV power plant that is currently under construction.

/BUCHAREST, December 20, 2024, 11:00 GMT, DRI, OMV Petrom/ DRI, the EU renewables arm of Ukrainian energy company DTEK, has signed the largest physical solar power purchase agreement (“PPA”) in Romania with OMV Petrom S.A., the largest integrated energy producer in Southeastern Europe. The PPA is a package deal, grouping three PPAs with OMV Petrom over an 8.5-year period for approximately 100GWh per year at a fixed rate, including the sale of physical electricity and Guarantees of Origin.

/BUCHAREST, October 22, 2024, 9:00 GMT, ENERY/ Enery proudly announces the official inauguration of its newest photovoltaic (PV) power plant in Sărmășag, Sălaj County, Romania. With an installed capacity of 51.4 MWp, the Sărmășag PV plant is set to generate 64.8 GWh of clean energy annually, powering approximately 38,270 households and contributing to significant CO2 emissions savings of 16,208 tonnes annually. A key feature of the plant is its 22 MWh battery energy storage system (BESS), which will be fully operational by the end of the year. The system includes…

/SOFIA, April 1, 2024, 10:00 BST, RENEWABLE MARKET WATCHTM/ Ms. Mila Nenova, Executive Director of the Bulgarian Investment Agency (BIA), was a special guest at the official contract signing ceremony. United Energy Group (UEG) is a Hong Kong-listed energy company with a strong focus on traditional oil and gas sectors and the development of green energy projects. Over the years, UEG has demonstrated steady growth in renewable energy initiatives, successfully building wind and solar projects in Pakistan, Iraq, Egypt, and others. UEG has recently expanded its presence in the European…

/LONDON, February 8, 2024, 10:00 GMT, RENEWABLE MARKET WATCHTM/ The Ministry of Energy in Romania has announced the relaunch of a competitive call for tender for battery storage projects. The objective of the call is to put into operation a minimum of 240 MW of electricity storage in batteries, which equals 480 MWh, by June 30, 2026. The aim is to contribute to Romania's National Recovery and Resilience Plan (NRRP) objectives. The call for tender is now open until March 21, 2024. The Ministry's announcement on February 8 stated that…

/LONDON, December 8, 2023, 9:00 GMT, EBRD, RENEWABLE MARKET WATCHTM/ Photon Energy N.V. applied for up to EUR 15 million senior secured loan to finance a portfolio of up to 20-30MW of solar power plants in Romania and investments in Lerta R&D and capacity market collateral capex, including in the associated Virtual Power Plant ("VPP") software and hardware platform. The EBRD loan is to be approved under the EBRD InvestEU Framework for Sustainable Transition (OpID 54197). The Bank's proceeds will be used to finance the completion of the Company's solar projects…

/BUCHAREST, August 29, 2023, 9:30 BST, PHOTON ENERGY N.V./ Photon Energy N.V. announces that Photon Energy Engineering Romania S.R.L. – the Group's Romanian subsidiary dedicated to engineering, procurement and construction (EPC) services – has completed and grid-connected two photovoltaic (PV) power plants in its Romanian market. The power plants have a combined generation capacity of 10.3 MWp. We are excited to have expanded our portfolio of operating solar PV assets by an additional 10.3 MWp,’ said Georg Hotar, CEO of Photon Energy Group. ‘Following the commissioning of our first six power…

/LONDON, April 18, 2023, 10:30 BST, RENEWABLE MARKET WATCHTM/ By the end of 2022, Slovenia had a cumulative installed capacity of 711MW and registered an increase of 250MW compared to 2021. The country scored its best year in 2022 regarding the YoY growth in new solar PV capacity additions. The residential solar market accounted for almost all of the new capacity additions, according to the Western Balkans Solar Photovoltaic (PV) Power Market Outlook 2023÷2032 Solar demand in Slovenia will continue as the main drivers will be prolonging the net-metering scheme extension until…

/LONDON, January 12, 2023, 9:30 GMT, HIVE ENERGY/ British renewable energy and circular economy company Hive Energy [Hive], is planning to attract $4 billion (TL 75.11 billion) direct investment for over 4 GW of proposed co-located solar and battery storage projects in 30 locations across Türkiye. The company has applied for co-located solar and battery storage projects with capacities ranging from 11 to 230 MW in scale. The applications focus on 19 cities, from Gaziantep in the country’s southeast to Balıkesir in the west. The total capacity of the proposed solar-based…