Lithuanian Development Agency: the first Lithuanian factory of solar equipment will start to operate in Vilnius.

SNORAS Asset Management” will establish renewable energy sources fund 
 
Funds management company “SNORAS Asset Management” will establish the first alternative investment fund in Lithuania - “SAM Renewable Energy Fund”, with funds directed toward the shares and bonds of companies which are developing projects producing energy from renewable energy sources, including geothermal energy.

 

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3583e3/central_and_easter) has announced the addition of Frost & Sullivan's new report "Central and Eastern European Wind Power Markets" to their offering.

The following study covers the development and dynamics of the wind energy industry in Central and Eastern Europe (CEE). Political will and administrative procedures are dramatically changing as the need for energy security, and the ambitious European Union renewable energy targets drive the wind energy market in the CEE region. Nevertheless, sluggish policy developments, effects of the global financial crisis, in addition to supply bottlenecks and grid connection problems slow down the momentum, thereby exposing the markets largest shortfalls, and highest potential. Wind energy boasts of increased attention in the region also due to looming power crises forecasted in many largest CEE countries, such as Turkey and Poland.

The ship will serve at mounting and installation of 80 BARD turbines, i.e. 400 megawatt power wind farm, far-offshore for about 100 km from the mainland, covering the  area of 860 square kilometers.

Eight Baltic Sea states have launched an action plan to connect Lithuania, Latvia and Estonia to EU energy networks, a strategy that should boost opportunities for renewable energy development.

 

The port of Klaipeda is ready to handle large pieces of equipment like the electrical unit to be used in a Irish wind farm.

Vilnius, Lithuania, April 9, 2009—IFC, a member of the World Bank Group, and SEB Bank  launched an innovative transaction that will support lending of around €50 million to help small and medium enterprises in Lithuania switch to renewable sources of energy.

Poland wind capacity has increased almost 200 MW last year, but can it continue to grow enough to meet projected targets?

“Investing in electricity generation and renewable energy” 30-31 March 2009, Holiday Inn Hotel, Sarajevo

The EBRD and the Energy Community will host a Regional Energy Forum in Sarajevo, Bosnia-Herzegovina, on Monday 30 and Tuesday 31 March 2009, which will focus on investment opportunities in electricity generation and renewable energy.

The hydropower plant at Kaunas received evnvironmental  and a 10% efficiency improvement with recent upgrades.

In the second of a series of workshops for biofuel end-users, the Biofuel Cities European Partnership brought together 35 stakeholders from Central and Eastern Europe in Sofia, Bulgaria in December 2007. On the agenda was a discussion of  biofuels for transport and a reflection on the challenges facing biofuel end-users in the region, such as overly bureaucratic procedures, lack of institutional support and security of feedstock supply.

The European Commission's Competitiveness and Innovation Framework Programme (CIP) was presented Wednesday in Skopje.

Macedonian Economy Minister Vera Rafajlovska and the EU Ambassador Erwan Fouere made introductory address at today's presentation of the CIP. The programme will run from 2007 to 2013.

Sweco has signed a deal to buy Lithuanian hydropower consultant Hidroprojektas following an acquisition spree in the last year in central and eastern Europe.

 

At the end of November 2007, the terminal on biodiesel treatment began operating on the territory of Klaipeda port. The stevedoring company Vakaru krova (VK) will conduct the operator functions on this terminal.