Montenegro adopts Law on Protection from the Negative Impact of Climate Change
Montenegro has become the first Energy Community Contracting Party that adopted the Law on Protection from the Negative Impact of Climate Change. It aims to protect against adverse effects of climate change, reduce GHG emissions and protect the ozone layer.
Belarus to built its largets wind farm
Belarus is aiming to increase the share of renewables in its energy mix by building the largest wind farm and getting closer to achieving the 2030 renewables target. GURISH, a Turkey-based construction company, was selected for investing in the construction of a 25 MW wind farm near Veleshkovichi.
The Single Intraday Coupling project will be extended
In the course of the Single Intraday Coupling project (planned start November 2019) continuous cross-border trading of electricity in the intraday timeframe
Čibuk 1 officiallly started operations
Čibuk 1, Serbia’s largest wind farm started operations on 11 October 2019. The wind farm has a maximum capacity of 158 MW, generates power to supply 113,000 households. The wind farm`s output is financed under the feed-in tariff. The power purchase agreement (PPA) was signed in October 2016.
EBRD in support of green transition
The European Bank for Reconstruction and Development is actively supporting the green energy transition by allocating funds towards certified commercial and residential projects via the Nova Kreditna Banka Maribor (NKBM) bank in Slovenia.
88 MW of solar plants to built in Ukraine
The De Raj Group and STC Energy are to build six solar parks in Ukraine for a total capacity of 88.4 MW. The parks will supply power to the company Energorynok and will be built across the Kiev region. The German company emphasised its intent to implement similar projects in Hungary.
Moldova to build power link with Romania
The European Bank for Reconstruction and Development and the EIB, the EU and the World Bank are jointly financing the project interconnecting the power networks of Romania and Moldova.
EU invests in reliable electricity system
In the framework of the European Regional Development Fund, the European Union is investing EUR 46 million to modernize and extend the electricity substation of Kočín, one of the most essential nodes in the Czech transmission system.
$350m financing for geothermal expansion in Turkey
The Turkish Güris Holding will receive a USD 350 million support for geothermal expansion at Efeler.
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