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Market Status: Mixed bag in south-east Europe but good news for Greece at last

EUROPE Former eastern bloc countries that looked promising a few years ago have lost momentum as governments lost their taste for renewable energy in the wake of the financial crisis, although there are some encouraging signs from Serbia and Macedonia.


Greece added 114MW in new wind capacity to reach 1.98GW in 2014 - about the same growth rate as seen in 2012 and 2013 - but by early 2015 nearly 250MW of wind projects were under construction or about to be built.


Croatia should grow at a similar pace this year as in 2014, when capacity rose by 44MW to 347MW.


An unfavourable market framework in Bulgaria has meant scores of developers have cancelled or put on hold their projects. Only 11MW was installed in 2014, similar to the previous year. The country had 691MW in total wind capacity at the end of 2014.


There has been no wind development in Hungary for years after the country shelved a wind tender in 2010. Total capacity remains at 329MW.


Macedonia joined the wind club in 2014, with Greek power company Terna's commissioning of the 37MW Bogdanci wind farm.


Serbia should begin producing its first wind power this year, after Italian energy group Fintel got its 6MW La Piccolina and 9.9MW Kula wind projects back on track.

The European Bank for Reconstruction and Development (EBRD) said in February it could help finance the 158MW Dolovo Cibuk I wind farm being developed by Continental Wind Powers.

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