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January 23, 2026
by AEA in News

Davos: China reaffirms green agenda as US slams EU’s net-zero goal

At the World Economic Forum (WEF) in Davos, China reiterated its commitment to green development, in contrast to the United States, whose secretary of commerce said America should rely on oil and gas instead of pursuing a green transition and criticized the European Union’s (EU) net-zero target. US President Donald Trump, for his part, described the energy transition as a “scam” that caused an energy collapse in Europe.

Speaking at the WEF Annual Meeting 2026 in Davos, Switzerland, Chinese Vice Premier He Lifeng emphasized China’s resolve to reduce its greenhouse gas emissions, adding that the country’s upcoming five-year plan would keep the focus on green growth fueled by solar, batteries, and electric vehicles (EVs).

China’s Vice Premier urged other countries to help combat emissions

He also urged other nations and foreign companies to collaborate with China on creating “a green and prosperous future.”

“We invite enterprises from all over the world to embrace the opportunities from the green and low-carbon transition, and work closely with China in such areas as green infrastructure, green energy, green minerals, and green finance,” He said in a speech at Davos.

In contrast, US Commerce Secretary Howard Lutnick criticized the EU’s solar and wind development, as well as its net-zero goal, adding that the green transition is not something the US should pursue. Lutnick also said that the world should focus on coal as an energy source rather than renewables, according to reports.

In January 2025, President Donald Trump signed executive orders reversing much of the previous administration’s climate policy and withdrawing the US from the Paris Agreement once again.

US Commerce Secretary claims seeking net zero without battery production would make the EU subservient to China

“Why are you going to do solar and wind? Why would Europe agree to be net zero in 2030 when they don’t make a battery? So, if they go 2030, they are deciding to be subservient to China, who makes the batteries,” Lutnick said.

“Why would the US, which has oil and natural gas, try to convert to all-electricity? China does not have oil and natural gas – electricity and electric cars make perfect sense to them,” Lutnick said at a WEF panel.

According to news agencies, Lutnick’s harsh criticism of Europe at a VIP dinner on Tuesday made European Central Bank President Christine Lagarde walk out of the event.

Trump slams “the green new scam” and claims China sells wind turbines to others, but does not build its own wind farms

For his part, Trump also criticized the EU’s transition to renewables, claiming that the US had avoided “the catastrophic energy collapse which befell every European nation that pursued the green new scam.” He also described the green transition as “perhaps the greatest hoax in history.”

In his speech in Davos, the US president claimed that wind farms “lose money” and that China only sells wind turbines without building any wind farms itself.

“They sell them to the stupid people that buy them. They don’t use them themselves,” Trump said, adding that China has only built a “couple of wind farms” in order to “show people what they could look like.”

According to available data, China has the largest wind power capacity in the world, at around 600 GW.

Post Views:75
January 23, 2026
by AEA in News

Twin pumped storage hydropower projects in Greece get environmental approval

Proposals for two pumped storage hydropower plants next to each other in northern Greece received the environmental conditions. The Flampouro project is for 450 MW in both modes while Trani Rachi would be able to generate 594 MW and consume up to 600 MW.

Greece has an ambition to become a Mediterranean and European hub for renewable energy and energy transmission. Among other important segments, energy storage is rising in popularity among investors. Such technologies have a major role in accommodating the deployment of renewables and balancing supply and demand.

Within a string of proposed investments in pumped storage hydropower, twin projects Flampouro and Trani Rachi have just passed an important point in development. Both locations are next to the reservoir of the Ilarion dam and hydropower plant, near Kozani in the Western Macedonia province.

The projects were developed by investors from the Katselis family, the country’s media pointed out. The Ministry of Environment and Energy issued environmental terms (AEPO) for the two investment proposals in the north of Greece, under special purpose vehicles Aliakmonas 1 and Aliakmonas 2.

Public Power Corp. (PPC Group) operates the existing facility, of 154 MW, which consists of two turbines. Commissioned in 2014, it is part of a hydropower cascade of 1 GW on the Haliacmon (Aliakmonas) river, the longest in Greece. Government-controlled PPC Group is working on several pumped storage endeavors.

Storage capacity would total 6.2 GWh

The Flampouro pumped storage hydropower plant would work at up to 450 MW both in the generation and pumping modes. In storage capacity terms, it is seen holding 2.7 GWh. The upper reservoir would be at an altitude of 1,065 meters, four kilometers from the lower one.

The location is in municipal units Ventzio, Deskati and Kamvounia in the municipalities of Grevena, Deskati and Servia, respectively.

Trani Rachi is for 594 MW in production capacity and 600 MW in the pumping mode, for 3.5 GWh in storage. The site for the upper reservoir is at 1,380 meters above sea level and three kilometers from the lower reservoir.

Documentation shows that the facility would be in the municipal units of Deskati and Kamvounia.

Combined production estimated at 1.34 TW per year

The developers estimated annual output at 1.34 TWh, of which Flampouro would account for 581 MWh and Trani Rachi for 763 GWh.

Both projects involve road repair and construction, water tunnels and the installation of transformers, substations and 400 kV transmission lines. The investments envisage machine rooms underground.

Post Views:52
January 23, 2026
by AEA in News

HEP plans to build 91 MW solar power plant on Adriatic coast

Croatian state-owned power utility Hrvatska Elektroprivreda (HEP) is planning to build a 91 MW solar power plant near the city of Zadar, on the Adriatic coast.

The photovoltaic facility will be slightly smaller than the 99 MW Korlat system – HEP’s largest, which it is building in nearby Benkovac. The company’s biggest two solar power plants will be located just a few dozen kilometers apart.

HEP plans to install the solar panels in the Crno area, eZadar reported. It is approximately six kilometers east of Zadar. The site is located within the planned Crno business zone.

Eleven solar power plants are planned near the Crno location

The power plant would span approximately 93 hectares. Its estimated annual electricity production is 119.8 GWh. HEP’s facility in Crno would consist of roughly 139,800 photovoltaic modules.

The news website pointed out that there are projects for 11 PV plants at locations within a ten-kilometer radius. They are intended to cover an area of about 483 hectares. None have been installed so far.

Neoen Renewables Croatia developed one of the projects, Vlaka, for 62.5 MW in peak capacity.

HEP is also planning 90 rooftop solar plants

The Korlat solar power plant, which will be the largest in Croatia, is being built by Chinese companies Shandong Electric Power Engineering Consulting Institute Corporation (SDEPCI) and Norinco International Cooperation.

Together with HEP’s first wind farm, commissioned in 2021, the Korlat solar plant is about to form the country’s first renewable hybrid energy park.

In addition to large ground-mounted PV facilities, HEP is planning to set up 90 solar power plants on its buildings across Croatia. Its subsidiary HEP ESCO is carrying out the project.

Post Views:34
January 23, 2026
by AEA in News

US firm eyes construction of three gas-fired power plants in BiH

A US company is interested in building three gas-fired power plants in Bosnia and Herzegovina, according to Dragan Čović, First Deputy Speaker of the House of Peoples of the Parliamentary Assembly of BiH.

The natural gas power plants would be connected to the planned Southern Gas Interconnection and the liquefied natural gas (LNG) terminal in Krk, Croatia, Dragan Čović explained in an interview with Avaz.

The Southern Gas Interconnection is a project designed to provide BiH with an alternative natural gas supply. The country currently relies on Russian gas delivered via Serbia, while the new pipeline would secure imports from the Croatian LNG terminal. The interconnection has been in development for many years, but construction has yet to begin.

Čović revealed that the power plants would be built in the Mostar area, central Bosnia, and in Tuzla. He expressed the belief that the interconnection is crucial for BiH, arguing it would ensure the country’s long-term energy and political stability.

Čović spoke with Bechtel’s representatives

Because the pipeline passes through areas with a majority Croat population, the project is also of strategic interest to the Croat people in BiH, added Čović, who is also the president of the Croatian Democratic Union of Bosnia and Herzegovina (HDZ BiH).

Čović recently met with representatives of US construction company Bechtel and the United States Trade and Development Agency (USTDA), which provides financing and technical support for international projects. Bechtel is currently being considered as a potential contractor for the pipeline’s construction.

He met with Justin Siberell, Bechtel’s President for Regions and Corporate Relations, and Sam Kwon, the USTDA’s General Counsel.

AAFS Infrastructure and Energy also visited BiH

The guests from the US also met with Acting President of the Republic of Srpska Ana Trišić-Babić and Minister of Energy, Mining and Industry of the Federation of BiH Vedran Lakić. FBiH and the Republic of Srpska are the two entities making up BiH.

Earlier, representatives of US-based AAFS Infrastructure and Energy also visited the country. According to Čović, the company is expected to receive a 30-year concession to manage the gas pipeline through BiH.

He explained that the three proposed power plants were included in the letter of intent that the firm sent to BiH authorities. The US partners’ plans extend far beyond the construction of the pipeline, he added.

A broader geopolitical dimension

Čović expressed the belief that these investments would carry a significant geopolitical dimension, claiming that if the US invests somewhere, that region is protected. This is demonstrated by the policy of President Donald Trump around the world, he added.

Čović dismissed claims that HDZ BiH is hindering the construction of the gas pipeline due to disagreements with Bosniak officials about project details. It is in the strategic interest of the Croat people to implement it, he stressed.

Of note, the Republic of Srpska has also announced plans to build gas-fired power plants and a new gas interconnection with Serbia.

Post Views:59
January 23, 2026
by AEA in News

North Macedonia’s MEMO power exchange starts work with BSP on intraday segment launch

North Macedonia’s National Electricity Market Operator – MEMO signed an agreement with the Slovenian BSP Energy Exchange for the provision of trading platforms and a clearing platform. The deal marked the start of work on the introduction of the intraday electricity market by mid-year. It is part of efforts toward North Macedonia’s integration into the single European electricity market.

North Macedonia’s National Electricity Market Operator – MEMO has selected Slovenia’s BSP Energy Exchange to provide trading platforms and a clearing platform for the day-ahead and intraday segments. Chief Executive Officer of MEMO Zoran Gjorgjievski signed the agreement today with Chairman of the Management Board of ADEX and CEO of BSP Anže Predovnik.

Their cooperation has been expanding since the launch of North Macedonia’s day-ahead power market on May 10, 2023. Through partnership, the intraday segment is expected to be established by mid-year, the officials noted.

Commitment to transparent, reliable, efficient market

MEMO pointed out that the deal is aimed at enhancing the functionality of the organized electricity market and preparing it for integration with the single European market.

“This agreement represents a continuation of the cooperation with BSP and EPEX SPOT, and an important step in the development of the Macedonian power exchange, as well as in strengthening its technical and institutional readiness for market integration with the European Union. Partnering with a renowned exchange such as BSP and EPEX SPOT, with whom we have already established cooperation based on trust and proven results, confirms our commitment to a transparent, reliable and efficient market,” Gjorgjievski stated.

The representatives of MEMO and BSP kicked off the preparations for the launch of the intraday segment

He added that following the signing, activities to establish the intraday market officially began at a kickoff meeting with BSP’s representatives. It is expected to become operational by the end of the second quarter of 2026, the CEO recalled.

“The establishment of the intraday market is of crucial importance for greater flexibility and efficiency in electricity trading, particularly in conditions of increased participation of renewable energy sources. It enables market participants to timely adjust their positions and significantly contributes to the reduction of imbalances,” Gjorgjievski said.

Predovnik: Strategically important step

MEMO and North Macedonia took a strategically important step, Predovnik underscored.

“The signing of the contract for the establishment of the intraday electricity market and the implementation of the project to be completed in Q2 2026 mark an important milestone in the country’s integration into the European electricity market. With clear and ambitious guidance, and the strong support of the responsible minister and the ministry, North Macedonia continues to make convincing progress on its path towards full integration into the European electricity market – recognized both in the region and across the EU. The high-performing MEMO and BSP / EPEX SPOT teams, together with the minister and the ministry’s support, provide a powerful and clear guarantee that North Macedonia will be among the first countries in the region to join the single European electricity market,” he said.

Direct benefit for market participants as well as energy stability

North Macedonian Minister of Energy, Mining and Mineral Resources Sanja Božinovska attended the signing of the agreement.

Božinovska stressed the role of the intraday market in flexibility, use of renewables and risk reduction.

“With such concrete projects, we are building market stability, transparency and competitiveness. The ministry actively and continuously supports the institutional and technical readiness of market operators. Our goal is clear – a functional, secure, and European-aligned electricity market. The intraday market brings greater flexibility, improved management of renewable energy sources, and a reduction of systemic risks. This represents a direct benefit both for market participants and for the country’s overall energy stability,” Božinovska stated.

BSP Energy Exchange (BSP Southpool) is wholly owned by ADEX Group, created in a merger with its Serbian counterpart SEEPEX. In December 2024, ADEX completed a merger with the Hungarian Power Exchange (HUPX).

Post Views:42
January 23, 2026
by AEA in News

Energy Community Secretariat seeks expert for its Centre for Renewables Acceleration

The Energy Community Secretariat, with support from the Open Society Foundations Western Balkans, is seeking a senior-level delegated expert with a thorough understanding of renewable energy planning processes and permitting workflows to support the operation of the secretariat’s Centre for Renewables Acceleration.

The role will establish effective communication and partnerships with institutions, stakeholders, businesses, and municipalities across the Western Balkan contracting parties, according to the announcement.

It will include drafting key policy documents, supporting contracting parties to identify priorities and support needs, and developing a scaleup plan for the center’s activities, including pilot projects and framework improvements.

Experts interested in participation can write to the Energy Community Secretariat and request the tender documentation.

The deadline for submission is February 14 at 10:00 CET.

In its LinkedIn post about the tender, the secretariat asked readers to tag someone who they think would be a great fit, or to leave a comment for a bigger reach. “Help us support renewables acceleration in the Western Balkans!” it added.

Post Views:43
January 23, 2026
by AEA in News

Davos: China reaffirms green agenda as US slams EU’s net-zero goal

At the World Economic Forum (WEF) in Davos, China reiterated its commitment to green development, in contrast to the United States, whose secretary of commerce said America should rely on oil and gas instead of pursuing a green transition and criticized the European Union’s (EU) net-zero target. US President Donald Trump, for his part, described the energy transition as a “scam” that caused an energy collapse in Europe.

Speaking at the WEF Annual Meeting 2026 in Davos, Switzerland, Chinese Vice Premier He Lifeng emphasized China’s resolve to reduce its greenhouse gas emissions, adding that the country’s upcoming five-year plan would keep the focus on green growth fueled by solar, batteries, and electric vehicles (EVs).

China’s Vice Premier urged other countries to help combat emissions

He also urged other nations and foreign companies to collaborate with China on creating “a green and prosperous future.”

“We invite enterprises from all over the world to embrace the opportunities from the green and low-carbon transition, and work closely with China in such areas as green infrastructure, green energy, green minerals, and green finance,” He said in a speech at Davos.

In contrast, US Commerce Secretary Howard Lutnick criticized the EU’s solar and wind development, as well as its net-zero goal, adding that the green transition is not something the US should pursue. Lutnick also said that the world should focus on coal as an energy source rather than renewables, according to reports.

In January 2025, President Donald Trump signed executive orders reversing much of the previous administration’s climate policy and withdrawing the US from the Paris Agreement once again.

US Commerce Secretary claims seeking net zero without battery production would make the EU subservient to China

“Why are you going to do solar and wind? Why would Europe agree to be net zero in 2030 when they don’t make a battery? So, if they go 2030, they are deciding to be subservient to China, who makes the batteries,” Lutnick said.

“Why would the US, which has oil and natural gas, try to convert to all-electricity? China does not have oil and natural gas – electricity and electric cars make perfect sense to them,” Lutnick said at a WEF panel.

According to news agencies, Lutnick’s harsh criticism of Europe at a VIP dinner on Tuesday made European Central Bank President Christine Lagarde walk out of the event.

Trump slams “the green new scam” and claims China sells wind turbines to others, but does not build its own wind farms

For his part, Trump also criticized the EU’s transition to renewables, claiming that the US had avoided “the catastrophic energy collapse which befell every European nation that pursued the green new scam.” He also described the green transition as “perhaps the greatest hoax in history.”

In his speech in Davos, the US president claimed that wind farms “lose money” and that China only sells wind turbines without building any wind farms itself.

“They sell them to the stupid people that buy them. They don’t use them themselves,” Trump said, adding that China has only built a “couple of wind farms” in order to “show people what they could look like.”

According to available data, China has the largest wind power capacity in the world, at around 600 GW.

Post Views:75
January 23, 2026
by AEA in News

Twin pumped storage hydropower projects in Greece get environmental approval

Proposals for two pumped storage hydropower plants next to each other in northern Greece received the environmental conditions. The Flampouro project is for 450 MW in both modes while Trani Rachi would be able to generate 594 MW and consume up to 600 MW.

Greece has an ambition to become a Mediterranean and European hub for renewable energy and energy transmission. Among other important segments, energy storage is rising in popularity among investors. Such technologies have a major role in accommodating the deployment of renewables and balancing supply and demand.

Within a string of proposed investments in pumped storage hydropower, twin projects Flampouro and Trani Rachi have just passed an important point in development. Both locations are next to the reservoir of the Ilarion dam and hydropower plant, near Kozani in the Western Macedonia province.

The projects were developed by investors from the Katselis family, the country’s media pointed out. The Ministry of Environment and Energy issued environmental terms (AEPO) for the two investment proposals in the north of Greece, under special purpose vehicles Aliakmonas 1 and Aliakmonas 2.

Public Power Corp. (PPC Group) operates the existing facility, of 154 MW, which consists of two turbines. Commissioned in 2014, it is part of a hydropower cascade of 1 GW on the Haliacmon (Aliakmonas) river, the longest in Greece. Government-controlled PPC Group is working on several pumped storage endeavors.

Storage capacity would total 6.2 GWh

The Flampouro pumped storage hydropower plant would work at up to 450 MW both in the generation and pumping modes. In storage capacity terms, it is seen holding 2.7 GWh. The upper reservoir would be at an altitude of 1,065 meters, four kilometers from the lower one.

The location is in municipal units Ventzio, Deskati and Kamvounia in the municipalities of Grevena, Deskati and Servia, respectively.

Trani Rachi is for 594 MW in production capacity and 600 MW in the pumping mode, for 3.5 GWh in storage. The site for the upper reservoir is at 1,380 meters above sea level and three kilometers from the lower reservoir.

Documentation shows that the facility would be in the municipal units of Deskati and Kamvounia.

Combined production estimated at 1.34 TW per year

The developers estimated annual output at 1.34 TWh, of which Flampouro would account for 581 MWh and Trani Rachi for 763 GWh.

Both projects involve road repair and construction, water tunnels and the installation of transformers, substations and 400 kV transmission lines. The investments envisage machine rooms underground.

Post Views:52
January 23, 2026
by AEA in News

HEP plans to build 91 MW solar power plant on Adriatic coast

Croatian state-owned power utility Hrvatska Elektroprivreda (HEP) is planning to build a 91 MW solar power plant near the city of Zadar, on the Adriatic coast.

The photovoltaic facility will be slightly smaller than the 99 MW Korlat system – HEP’s largest, which it is building in nearby Benkovac. The company’s biggest two solar power plants will be located just a few dozen kilometers apart.

HEP plans to install the solar panels in the Crno area, eZadar reported. It is approximately six kilometers east of Zadar. The site is located within the planned Crno business zone.

Eleven solar power plants are planned near the Crno location

The power plant would span approximately 93 hectares. Its estimated annual electricity production is 119.8 GWh. HEP’s facility in Crno would consist of roughly 139,800 photovoltaic modules.

The news website pointed out that there are projects for 11 PV plants at locations within a ten-kilometer radius. They are intended to cover an area of about 483 hectares. None have been installed so far.

Neoen Renewables Croatia developed one of the projects, Vlaka, for 62.5 MW in peak capacity.

HEP is also planning 90 rooftop solar plants

The Korlat solar power plant, which will be the largest in Croatia, is being built by Chinese companies Shandong Electric Power Engineering Consulting Institute Corporation (SDEPCI) and Norinco International Cooperation.

Together with HEP’s first wind farm, commissioned in 2021, the Korlat solar plant is about to form the country’s first renewable hybrid energy park.

In addition to large ground-mounted PV facilities, HEP is planning to set up 90 solar power plants on its buildings across Croatia. Its subsidiary HEP ESCO is carrying out the project.

Post Views:34
January 22, 2026
by AEA in News

Greece adds 340 MW of wind farms in 2025, acceleration seen for this year

New wind capacity came in at 340 MW in Greece last year, with 76 onshore turbines installed, according to the Hellenic Wind Energy Association (HWEA or ELETAEN).

Installations increased by 6.4% on an annual scale and represented EUR 420 million in investment. Total wind capacity reached 5,695 MW in the country, with HWEA expecting a 900 MW rise in 2026.

Papastamatiou: 2 GW await connection

Based on these numbers, the wind sector appears to be going through rebirth, after several years of low to average installations. Currently, 1.1 GW of new projects are under construction or contracted and the majority is expected to come online within the next 18 months.

Added on top are 200 MW from previous auctions, which took place during the period 2018-2022. HWEA said that even though 1,592 MW was awarded, only 852.4 MW managed to connect to the grid by the end of 2025.

“Right now, about 2 GW of wind farms have an installation license, but have not been completed. Half of those are under construction or contracted. There are also 3 GW who have completed environmental licensing and await grid connection terms. Naturally, there are even more projects that go through the licensing jumble. All of them – especially the most efficient – constitute national wealth and can reduce energy costs for consumers,” said HWEA’s General Director, Panagiotis Papastamatiou.

Terna Energy and Vestas top the charts

The top 5 operators by capacity in Greece are Terna Energy (18.2%), MORE (13.6%), Iberdrola Rokas (7.2%), Principia (6.5%) and PPC Renewables (5.6%).

Vestas has the highest share among manufacturers, 44%. Enercon accounts for 25%, followed by Siemens Gamesa with 15.8% and Nordex, which is at 9.2%.

Notably, the day with the highest hourly wind share in power production was April 28, 2025, when wind farms supplied 97.2%. In total, these units covered more than 50% of the demand for 616 hours of the year.

Post Views:40
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AEA – Albania Energy Association is a industry association dedicated to representing the interests of Albanian and West Balkan for energy producers and consumers. AEA works to advance the development and adoption of sustainable energy solutions in Albania and the Western Balkans, supporting the region’s transition toward a cleaner, more secure, and more competitive energy future. AEA is registered by decision of the Court of Tirana, DECISION NO. 3032, (VAT:L11827451K).

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