Solar power ‘will help Europe avoid blackouts’

12/10/2018 09:33 Solar


Solar power will prove an important technology in stopping power outages across Europe in coming years.

That’s the verdict from Sun Investment Group, which uses the island of Tilos as an example of how effective panels can prove in covering gaps in supply.


The Greek island of Tilos will soon be autonomously powered by 100% renewable energy, using an advanced battery system driven by an 800Kw wind turbine and a solar park – this will help it avoid frequent power outages, which often force the island’s residents and businesses to turn to diesel-powered generators for their electricity.


Sun Investment Group’s Chief Business Development Officer, Andrius Terskovas, believes solar power will become a widespread way of avoiding future power blackouts across Europe in the future, especially with experts predicting the price of lithium ion battery packs to fall below $100/kWh (£75.6/kWh) by 2025.


Daily (18.03.2019): European spot prices tumbled by over 30% on Friday due to strong renewables generation

18/03/2019 10:30:00

Oil prices edged lower on Friday as rising crude U.S. weekly production and worries about global economy put pressure on the market. Brent crude slipped by 0.1% to $67.16 a barrel, while WTI futures traded 0.2% lower at $58.52 a barrel.


Gazprom starts on Serbian CCGT

18/03/2019 09:06:00

Gazprom has started the construction of a 200 MW combined cycle gas turbine (CCGT) power plant in Serbia.


Bulgaria eyes to receive additional gas from Azerbaijan

18/03/2019 09:00:00

Bulgaria is interested in additional gas supplies from Azerbaijan, Bulgarian Prime Minister Boyko Borisov told reporters, Azernews informed. Borisov noted that during the meeting with President of Azerbaijan Ilham Aliyev, the issue of the construction of an interconnector for connecting to the TAP for the delivery of 1 billion m3 of gas to Bulgaria was discussed.