Photovoltaic power station

The issue of storing electricity from renewable energy sources in Cyprus has become a problem due to extensive production rejections of both large and small photovoltaic parks by the Transmission and Distribution Operators on Easter Sunday and Monday. This has resulted in economic losses as excess energy cannot be stored and is rejected.

Western Balkan nations are seeing a boom in solar energy investment, which could help ease a power crisis that had threatened a shift away from coal, but industry officials say transmission systems are not prepared for new energy feeds.

The European Investment Bank announced on Wednesday it is committing 28.5 million euros in financing for the Public Power Corporation Group's renewable energy arm, to help support the construction of three solar farms.

The EIB financing will reach a maximum amount of €35 million over the coming months.

The long-awaited Ministerial Decision was published a few days ago in the Government Gazette, paving the way for the start of applications from small investors for photovoltaic parks up to 400 kW in Peloponnese, Crete and the Cyclades. These are areas in which, until recently, the electrical grids were considered saturated and could not… pick up any more current.

Ljubljana – Dnevnik says in Saturday’s commentary that Ljubljana Mayor Zoran Janković is reckoning without the host when he is announcing construction of solar power plants on roofs of public buildings, as it is not clear whether it will be possible to connect such power plants to the distribution network.

Ljubljana – The government is gearing up to increase the capacity of production of electricity from solar energy, with Prime Minister Robert Golob announcing a plan to set up “giant solar power plants” available to households in the next three years.

An agreement for the sale of a 100 MW photovoltaic portfolio in Southern Spain was signed by Mytilineos, through the Renewable Energy Development & Storage Sector (RSD), and Aquila Capital, a sustainable development investment and management company.

The Agreement on Cooperation was signed between the Ministry of Mining and Energy of the Government of Serbia and the representatives from UGT Renewables LLC. The document was signed by Deputy Prime Minister and Minister of Mining and Energy Zorana Mihajlovic and CFO of UGT Renewables Peter Goodall.

Athens-listed group Mytilineos stated on Wednesday that its Renewables and Storage Development (RSD) Business Unit has acquired another solar project in Queensland, consolidating its position in the Australian energy market.

The Greek company acquired the 110-megawatt Moura Solar Farm from ESCO Pacific, one of Australia's leading solar farm developers and operators.

Undeterred by the pandemic, Athens-listed Mytilineos continues to expand across the globe, announcing on Thursday two new projects, in Chile and the UK.