Electricity consumption by end consumers in Serbia increased 2.7% last year, while production decreased 6.7%, according to the 2024 annual report of the Energy Agency of the Republic of Serbia. Higher consumption and lower production led to a 15% rise in imports. Excluding the use of electricity in power plants for production purposes, consumption by […]
Montenegro’s power utility Elektroprivreda Crne Gore will take out a loan of EUR 50 million to purchase electricity to supply consumers in the country. The Government of Montenegro, upon the proposal of the Ministry of Finance, has issued an approval for Elektroprivreda Crne Gore (EPCG) to borrow EUR 50 million from Erste Bank to finance […]
Even with a quota for the regulated electricity market in Bulgaria, low electricity prices pushed TPP Maritsa East 2 into a loss last year. It is the only state-owned coal power plant. The financial report for 2024 showed a loss of EUR 52 million for TPP Maritsa East 2 (Maritsa-iztok 2), Kapital reported. It compares […]
Record solar power production, backed by yet insufficient energy storage capacity, helped maintain the stability of the electricity system in Europe during the latest heatwave, Ember said. Many nuclear and other thermal power plants reduced their activity as river water temperature wasn’t low enough for efficient cooling. Intraday price spreads at European power exchanges landed […]
At the forthcoming auction for market premiums for electricity from solar power plants in Montenegro, the participants will bid for state support for 250 MW in total capacity. The maximum price to compete for is EUR 65 per MWh and the contracts will last 12 years. The Government of Montenegro adopted the decisions and directives […]
Greece’s Alternate Minister of Economy and Finance Nikos Papathanasis has launched an open call for the installation and operation of a high-efficiency combined heat and power (CHP) unit using fuel cells powered by green hydrogen. The site for the pilot project is in the Western Macedonia coal region in the country’s north. It is part […]
Renewable energy companies from abroad aren’t intimidated by negative power prices in Romania, especially with the battery storage segment accelerating. Energy giants EDP Renewables and Engie have new solar power plants, and more renewable energy facilities are coming online, while the government is disbursing European grants. The renewable energy market in Greece is consolidating and […]
Energy modernization projects in nine member states of the European Union will receive a total of EUR 3.66 billion from the Modernisation Fund, in the largest disbursement to date from the facility financed by carbon pricing revenues, according to a press release from the European Commission. The selected projects focus on renewable energy, grid upgrades, […]
As of this year, Slovenia’s only coal-fired power plant, Termoelektrarna Šoštanj (TEŠ), has shifted its primary focus to supplying heat, with electricity now sold as a byproduct. The ongoing overhaul of its unit 6 is expected to be completed in the coming days, but the 600 MW block will not be restarted until the end […]
Serbia’s state gas company Srbijagas and North Macedonia’s gas transmission system operator Nomagas signed a memorandum of understanding expressing their intention to soon build a gas interconnector between the two countries. Srbijagas is also expected to present a plan for a gas interconnection with Romania. The memorandum, signed by Srbijagas General Manager Dušan Bajatović and […]