Western Balkans

/PODGORICA, MONTENEGRO, February 11, 2025, 11:00 CET, GGF, RENEWABLE MARKET WATCHTM/ The Green for Growth Fund (GGF) has established a partnership with Lovćen Banka, Montenegro by signing of loan agreement of EUR 3 million. This loan facility will enable Lovćen Banka to expand its green lending portfolio, providing dedicated financing to businesses investing in sustainable practices and smaller-scale renewable energy projects, boosting the region’s resilience and energy independence.

/LONDON, January 17, 2025, 14:00 GMT, RENEWABLE MARKET WATCHTM/ Arctech, a global leader in solar tracking and racking solutions, has partnered with NORINCO International, a subsidiary of China North Industries Corporation. As part of this agreement, Arctech will provide its advanced 1P single-axis solar tracking system, the SkyLine II, for a 125 MW solar project near Stolac, Bosnia and Herzegovina (BiH). This partnership marks a significant milestone for Arctech's expansion into the European solar market.

/VIENNA, January 6, 2025, 9:00 CET, Renalfa IPP/ A 258 MWac (megawatt alternating current) photovoltaic (PV) project in Teleorman, Romania was acquired at the end of 2024 by Renalfa IPP, a Vienna based leader in renewable energy development and investment. This acquisition aligns with Renalfa IPP's strategic commitment to advancing sustainable energy solutions across Central and Eastern Europe (CEE). The project is also a significant milestone in the expansion of Romania's renewable energy portfolio. Commercial operation of the Teleorman project is scheduled for 2027. It will contribute to Romania’s decarbonisation…

/BUCHAREST, December 2, 2024, 9:30 CET, RENEWABLE MARKET WATCHTM/ The Government of Romania adopted, at the end of November 2024, the long-awaited National Energy Strategy 2025-2035, with an outlook to 2050. The Government has released its most ambitious energy strategy in the past 17 years. This strategy outlines the future direction of the national energy sector, focusing on security, accessibility, and sustainability, while positioning Romania as a regional leader.

/BUCHAREST, November 6, 2024, 10:00 CET, RENEWABLE MARKET WATCHTM/ Offers for the first auction through Contracts for Difference (CfD) can be submitted until November 18, 2024, provided that additional requests for clarifications received after October 23, 2024, the initial deadline for completing this process, have been completed and already announced by the Ministry of Energy.

/LONDON, July 26, 2024, 10:00 BST, RENEWABLE MARKET WATCHTM/ Ameresco Sunel Energy SA has announced its recently signed agreement to construct Lightsource bp's giant 560 MWp Enipeas solar project in Greece. This flagship project, one of the largest solar assets in Europe, is a testament to the joint venture's commitment to advancing the Greek solar energy sector. Its sheer scale and ambition will impress and inspire everyone involved in Greece's renewable energy sector.

/LONDON, July 2, 2024, 10:00 BST, RENEWABLE MARKET WATCHTM/ A solar power plant with a capacity of 120 MW will soon be built near the town of Kosanica in the municipality of Pljevlja in Montenegro, and preliminary construction and technical permit have already been issued. The company Kosanica Solar is the applicant for this plant. The documentation states that the area would be used for sustainable agricultural production, according to the so-called agrivoltaic (agrisolar) concept.

/BUCHAREST, June 18, 2024, 9:00 BST, DTEK/ DRI, the EU renewable energy arm of the DTEK Group, continues to invest in Romania by purchasing a 126MW solar park project in Văcărești, Dâmbovița county, from local developers. This is the third renewable energy project in Romania and another step towards its goal of achieving 1 GW of renewable energy in the country by 2028.

/BUCHAREST, June 7, 2024, 10:00 BST, OMV Petrov/ OMV Petrom, the largest integrated energy producer in Southeastern Europe, strengthens its partnership with Renovatio by acquiring a 50% stake in three photovoltaic projects totalling 130 MW. With this new transaction, the total joint portfolio held by the two partners exceeds 1.1 GW.