For the first time, Elektroprivreda Srbije (EPS) will not take out loans this year, but will finance all investments from its own resources, according to General Manager Dušan Živković. However, it has affected the financial performance of Serbia’s state-owned power utility, with profit in the first half of 2025 coming in lower than in the […]
Power theft has become a major issue for the Greek electricity market in recent years. The government has been increasing fines for offenders. The combined damage from power theft and network losses in distribution amounted to EUR 100 million per month in 2022, with 18% of the supplied energy being lost as a result of […]
Romanian state-controlled coal power utility Complexul Energetic Oltenia (CE Oltenia) is preparing to establish a subsidiary to take over its lignite-fired thermal power plants slated for closure and the coal mining operations that supply them. CE Oltenia’s “lignite subsidiary” is envisaged under a restructuring and decarbonization plan approved by the European Commission, according to Profit.ro. […]
Ahead of a public call for the first auction for feed-in tariffs for solar power plants, the Federation of BiH’s renewable energy authority has launched a survey to assess interest among potential participants. The auction covers feed-in tariffs (FIT) for small solar installations with an installed capacity of up to 150 kW, according to the […]
Bosnia and Herzegovina is not expected to set up a power exchange before the second half of next year, according to economist Vjekoslav Domljan. In April, after about ten years of discussions, Bosnia and Herzegovina (BiH) finally finished drafting a bill on the electricity regulator, transmission, and power exchange. The regulation is a prerequisite for […]
After completing the second round of wind and solar power auctions, Romania’s Ministry of Energy is considering launching new bidding for renewable energy projects, specifically onshore wind. The Ministry of Energy has issued a call for expressions of interest for a third auction under the State Aid Scheme, in the form of contracts for difference […]
Northern Lights has injected the first CO2 volumes below the seabed of the Norwegian North Sea. The firm claims it is the first to offer commercial carbon storage services. Northern Lights is owned by oil and gas giants Equinor, TotalEnergies, and Shell. The first CO2 volumes have now been transported through the 100-kilometer pipeline and […]
Serbia has launched works as part of the BeoGrid 2025 project, aimed at improving the power transmission infrastructure in Serbia, the region, and Europe, as well as facilitating electricity offtake from renewable energy power plants in the South Banat region of Vojvodina. The BeoGrid 2025 project, worth EUR 205 million, comprises six distinct components, according […]
ENNA Geo completed additional production testing of the well at the site of the planned geothermal power plant GTE Zagocha in northeastern Croatia. It found even higher temperatures at the reservoir than before. In addition, drilling of the exploratory well Babina Greda GT-1 for another geothermal power plant began this week. ENNA Geo, a member […]
Montenegrin state-owned power utility Elektroprivreda Crne Gore (EPCG) said it signed a EUR 25 million loan contract with the European Bank for Reconstruction and Development (EBRD) for expanding the Gvozd wind farm to 75.6 MW. Once fully operational, it will be the largest wind farm in Montenegro. The Gvozd 2 project involves the installation of […]