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Eastern Europe

PV policy developments in the Baltic states

Estonia, Latvia and Lithuania have seen uneven development in PV installations to date, and the three Baltic states are still highly dependent on imports from Russia. Estonia needs to replace aging energy infrastructure, and so far it has led the region in PV deployments. Latvia, meanwhile, has a high level of hydro in its energy mix, and less incentive to build PV. IHS Markit analyst Susanne von Aichberger examines the latest policy developments in the Baltic states.

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EBRD furthers green agenda in Slovakia, Serbia and Uzbekistan

The London-based development finance provider has made more than €50 million available for sustainable investment across three separate credit lines recently.

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Polish developer announces €225m green bond plan

The first batch of five-year investments, offered through German-owned Polish lender Mbank, will raise money to expand a solar portfolio R.Power claims already stretches to more than 4 GWp in its domestic market.

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Universal electricity access by 2030 remains a distant dream

Energy efficiency, electrification of heating and transport, and the provision of clean cooking facilities are all going in the wrong direction as the Covid crisis deprived millions in sub-Saharan Africa of electricity use, according to a report by the IEA, IRENA, WHO, World Bank and UN Statistics Division.

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Photovoltaics, heat pumps to rescue failed geothermal project in Poland

The Polish government is supporting a hybrid renewable energy project based on a deep-borehole heat exchanger (DBHE) whose heat pumps are powered by photovoltaics. The heat generated by the facility will be used for district heating.

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Romania sees first green bonds

World Bank arm the International Finance Corp has now extended almost €76 million of credit into two sustainable lending facilities launched via Raiffeisen Bank.

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Albania’s first floating PV plant is now operational

The 500 kW floating array was built with floating membranes supplied by Norwegian specialist Ocean Sun. The project is expected to continue its second implementation phase during the second half of 2021, when three more 500 kW floating units will be installed.

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Large scale PV returns to Czechia thanks to $216 million solar rebate program

The RES+ program will be open to installations of up to 1 MW and also solar power projects exceeding 1 MW in size. Selected developers may secure a rebate covering up to 50% of a project’s cost.

Claims stacking up from Ukrainian clean power developers against state electricity offtaker

Local lawsuits are reportedly set to cost the body set up to purchase clean power in Ukraine more than €24 million already, after the decision by the government in August to retroactively reduce FIT payments. Lithuanian clean power developer Modus Energy is preparing for its own suit, citing Ukraine’s international treaty obligations.

Bosnian utility seeks proposals for solar, wind, hydropower plants

Bosnian utility JP Elektroprivreda aims to buy operational facilities exceeding 1 MW in size.

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