Poland: Energa wishes to stop purchasing renewable power certificates

12/09/2017 16:09 Electricity Market


According to Polish Energa calculations, an amount of around 110 million zlotys ($31.20 million) could be saved next year if it cancelled long-term contracts which were signed for purchasing certificates that displayed some of its power was produced from renewable sources.


In Poland, service providers which produce power from coal are obliged to get special certificates to sustain the renewable power industry.

The company officials stated that it would initiate legal steps to prove that contracts signed a long time ago aiming the purchase of so-called “green certificates” had a non-binding character.  

As it was declared by certain Energa representatives, the company will carry on meeting the requirements to acquire the “green certificates” but not under the contracts signed in the past.

If the company signs new contracts on buying the green certificates, it will save 2.1 billion zlotys in the next years.

The actual news has positively influenced the share price of Energa, which increased by 3 percent. 

Bosnia inks a 60-million-euro loan agreement with KfW bank for Hrgud wind farm

21/11/2017 11:32:00

Bosnia's finance minister Vjekoslav Bevanda inked an agreement with German development bank KfW on Wednesday to financially back the construction of the Hrgud 48 MW wind farm. The loan is estimated at 60 million euros ($69.6 million). ​​​​​​​


Daily (21.11.2017): German spot electricity prices surged on lower wind power supply and higher demand

21/11/2017 10:41:00

Oil prices dropped on Monday, prolonging losses ahead of next week's OPEC meeting, while stronger dollar hurt commodities across the board. Brent crude futures fell 50 cents or 0.8 percent to close at $62.22 a barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures settled 13 cents or 0.2 percent down at $56.42. Oil has been under pressure for the last two weeks since peaking in early November.


252 chargers for electric vehicles until 2020 will be provided within NEXT-E project

20/11/2017 16:35:00

NEXT-E project will supply 222 fast (50 kW) and 30 ultra-fast (150-350 kW) chargers for electric vehicles for Czech Republic, Slovakia, Hungary, Slovenia, Croatia and Romania by the end of 2020, as reported by Balkan Green Energy News.