The United States Department of the Treasury said it wouldn’t allow Gunvor to “operate and profit,” calling it “the Kremlin’s puppet.” The energy trader responded that the statement is “fundamentally misinformed and false,” but it withdrew its proposal for Lukoil’s international assets. For a minute it seemed that a potential fuel crisis in Europe – […]
Over the past four years, North Macedonia has achieved strong growth in renewable energy sources. A total of 1,200 MW of capacity has been connected to the grid, marking a new phase of the country’s energy transition, according to Marko Bislimoski, President of the Energy, Water Services, and Municipal Waste Management Services Regulatory Commission of […]
The Greek government presented a plan to maintain water supply as drought has reduced reserves to worrying levels in certain areas. The Ministry of Environment and Energy outlined short-term and long-term measures, with a focus on Attica, the peninsula where Athens is located. The area consumes by far the most water in Greece. This year, […]
Global wind power installations have risen by 64% in the first half of 2025 from the same period of last year, according to the latest report from the World Wind Energy Association. It expects 2025 to be a record year for new wind farms. A total of 72.2 GW of new capacity was added between […]
A new agreement between the UAE and Montenegro will facilitate connecting the energy sector with financial technologies and artificial intelligence. The two countries are also considering to deploy solar, wind, hydropower, green hydrogen and battery projects. The United Arab Emirates and Montenegro agreed to cooperate in the energy sector, setting up a bilateral strategic partnership […]
The European Union Agency for the Cooperation of Energy Regulators (ACER) is warning of signs of manipulation in Greece’s day-ahead electricity market (DAM) registered during the summer of 2024. The region of Southeastern Europe experienced several months of high electricity prices, with average monthly levels close to EUR 200 per MWh in the case of […]
Serbia’s power utility Elektroprivreda Srbije (EPS) signed a contract for the modernization of its Vlasina hydropower plants with Energotehnika – Južna Bačka. The contract for the reconstruction and modernization of the Vlasina (Vlasinske) hydropower plants (HPPs), with a capacity of 129 MW, was signed by Dušan Živković (sitting first from right), Chief Executive Officer of […]
OMV and Masdar are setting up a joint venture for the development and operation of the fifth-largest electrolyzer plant in Europe. The facility is already under construction in Austria. The UAE-based company would be a minority shareholder, with 49%. Austrian integrated energy, fuels and chemicals company OMV and Masdar – Abu Dhabi Future Energy Co. […]
A carbon capture and storage (CCS) project developed by cement maker Holcim Romania has been awarded financing under the European Union’s Innovation Fund. The European Commission has selected 61 cutting-edge net-zero technology projects across the EU to receive a total of EUR 2.9 billion in funding, covering sectors such as oil refining, hydrogen, transportation, chemicals, […]
Power utility Elektroprivreda Srbije has developed its Decarbonization Action Plan, said Executive Director for Investments and Development Aleksandar Jakovljević. The Decarbonization Action Plan of Elektroprivreda Srbije (EPS) involves the gradual reduction of electricity production from coal, the construction of pumped storage hydropower plants, and over 20 GW of new capacity from renewable energy sources, Aleksandar […]