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October 14, 2025
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Greek offshore wind farm program at standstill for more than one year

More than three years after the first offshore wind law, Greece made little progress toward achieving the national goal.

According to the National Energy and Climate Plan (NECP), the country should have its first 1.9 GW of offshore wind farms by 2030.

However, the entire program seems to be on hold. No government official has mentioned it within the past year.

The next steps in the process should be the approval of the National Offshore Wind Program through a joint ministerial decree. According to Insider.gr, the decree has been ready for more than a year now, waiting for the signature. It sent a message to investors that the pace is slow.

Companies selected in the initial auctions would conduct exploration in each allocated offshore zone. The main auctions would follow, for the winners to install the wind power plants.

Exploration permits have so far been provided only to Public Power Corporation (PPC), Terna Energy and Motor Oil Hellas, for a zone in the northeast, offshore Alexandroupolis. It is for pilot projects totaling 600 MW. The wind parks are supposed to become operational by 2029, but the Ministry of Environment and Energy has not yet requested approval from the European Commission for a support mechanism through contracts for difference (CfDs).

More wind needed for the energy mix

It should be noted that the government has acknowledged the need for more wind energy in the country’s renewables mix. Currently, it is dominated by photovoltaics, leading to an imbalance and ever-higher curtailments.

Offshore wind farms are seen more as a source of baseload electricity than solar and onshore wind power, given their high capacity factor, at around 50%.

Advisory firm Ricardo said recently that the Greek NECP is likely going to fail, partly as a result of missing its offshore wind goal.

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October 14, 2025
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Serbia’s economy in uncharted territory amid imminent US sanctions against oil company NIS

For NIS in Serbia, doing business will become exceptionally difficult from tomorrow, when the United States imposes sanctions, starting with payment systems. The same goes for any enterprise cooperating with the oil refiner and distributor, majority owned by Russia’s Gazprom Neft and another firm controlled by Gazprom.

Nine months after the US announced sanctions against NIS, which were postponed several times, they are coming into force tomorrow morning. Apparently, the American Office of Foreign Assets Control (OFAC) is imposing restrictive measures for Serbia’s national oil importer, refiner and operator of a chain of service stations. Croatian company Jadranski naftovod (JANAF), which depends to a great extent on supplying NIS, said the deliveries can last until October 15.

The US and the United Kingdom announced sanctions early this year against Russian state-owned Gazprom Neft, which at the time held 50% of ownership, while its parent Gazprom controlled another 6.2%. After a reshuffle, Gazprom Neft now has 44.9% of NIS, and Intelligence, a firm within Gazprom’s system, owns 11.3%. Serbia’s stake is 29.9%.

Plan B has numerous unknowns

The oil refinery in Pančevo is the only diesel and gasoline producer in Serbia and it dominates the market by far. According to media reports, NIS has considered switching to cash payments, with the exception of the domestic currency system DinaCard, and transferring all its accounts to the state-owned Postal Savings Bank.

It is unlikely that the company would be able to cover all the logistics and finances that way. At the same time, the entire Serbian economy is at risk, together with basic services for citizens. Organizing fuel imports will take time, which may lead to shortages and price hikes. Officials and the representatives of the oil sector claim that the current stockpiles can last several months.

Forced nationalization may switch energy crisis to gas supply from Russia

Back in January, President of Serbia Aleksandar Vučić immediately estimated that Russia would have to completely and urgently exit ownership. There was no success in the meantime in talks with the Kremlin and Gazprom.

“There is one possibility. If I said: I may seek nationalization of the property tomorrow. That is the last thing i would say, if I had to. I don’t want that,” Vučić stated late last week.

In case of a forced purchase of the Russian stake, the focus would turn to the supply of Russian gas through the Balkan Stream pipeline, an extension of TurkStream. Serbia still hasn’t signed a long-term contract with the Russian side, and the previous one expired in May.

To make matters worse, Bulgaria said it would end the transit of Russian gas, through Balkan Stream, for short-term arrangements. The move is part of the European Union’s measures to end the purchases of Russian fossil fuels. A total halt is scheduled for 2028. If the supply chain isn’t drastically changed, it would heavily impact Hungary, Slovakia and Serbia, together with Bosnia and Herzegovina and North Macedonia.

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October 14, 2025
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International Power Supply inaugurates Bulgaria’s first battery gigafactory

International Power Supply (IPS) opened its Factory X1, with a capacity of 3 GWh per year. It is the first gigafactory in Bulgaria for battery energy storage systems (BESS).

Recognized by the European Commission as a strategic project for a net zero industry, Factory X1 officially began production. International Power Supply (IPS) held the inauguration ceremony at the site in Chelopechene in the Kremikovtsi industrial district, part of the territory of Bulgaria’s capital Sofia.

The first battery energy storage gigafactory in the country is part of the Hemus high-tech industrial park. The facility will manufacture X-BESS modular systems of 8.2 MWh. Its annual capacity is 3 GW but IPS plans to lift it to 5 GW by the middle of next year.

Everything made in Europe except for battery cells

The company’s portfolio includes a proprietary battery management system (BMS). Actually, more than 70% of the supply chain is based in Europe, according to IPS. It includes distributed liquid cooling systems, mechanical structures, housings, electronics, control units, and inverters, the announcement reads.

“Made in Europe – the mission is possible. European know-how, European technology and IP, European sovereign BESS Gigafactory recognized as strategic manufacturing project from the European Commission. Today, it all starts – right here in Bulgaria,” said Chief Executive Officer Alexander Rangelov.

The lithium ion systems feature Chinese EVE and Cornex battery cells.

Power Technology Investment Group holds almost two thirds of IPS. It is controlled by the family of the founder Stoil Rangelov Trifonov. SIL Energy Invest is a minority partner.

Another factory could revive one of Bulgaria’s coal regions

Another manufacturing project is in the pipeline, worth EUR 160 million. It is for 10 GWh. IPS is seeking financial support from the European Union for the endeavor.

Locations in the vicinity of coal plants in the Maritsa East complex and Bobov Dol are under consideration, Economic.bg reported.

CEO Alexander Rangelov revealed that MM Energy decided to build a 10 GWh manufacturing facility in Poland using IPS’s technology.

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October 14, 2025
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Croatian IE-Energy, Slovenia’s NGEN plan virtual network of smart battery storage systems

Croatian firm IE-Energy and Slovenia’s NGEN are developing a battery system for smart energy storage, with a total operating power of 60 MW and a capacity of 120 MWh. The project, valued at 60 million, marks the first step toward creating a virtual network of battery storage systems that would connect producers and consumers of renewable energy.

The project has received a EUR 19.8 million grant from the European Union’s Modernization Fund. The funds are intended for the second and crucial phase of the project, for 50 MW, while the first phase, of 10 MW, is already in an advanced stage of implementation, Croatia’s Ministry of Economy stated following the signing of the subsidy contract.

The project, located in the Croatian city of Šibenik, is expected to be completed as early as next year, according to the statement.

IE-Energy CEO Željko Šmitran told Balkan Green Energy News it would be the first battery energy storage system in Croatia connected to the transmission grid. The project is being implemented in partnership with NGEN, which is also the main engineering, procurement, and construction (EPC) contractor.

The battery modules used are Tesla Megapacks, which enable real-time grid balancing, he added. 

The virtual smart energy storage network will connect renewable power plants, industry, and households

The project represents the first step towards creating a virtual network of smart energy storage facilities that will connect renewable energy producers, industry, and households, Šmitran explained.

The entire project is connected to NGEN’s advanced technology platform, which enables participation in the markets for ancillary services, balancing, and intraday trading, as well as electricity supply, added Šmitran.

Developing a regional smart storage network

The model developed in Croatia in collaboration with NGEN is intended to be replicated in other regional markets where grid flexibility and system stability are in high demand, including Serbia, Bosnia and Herzegovina, and North Macedonia, Šmitran said.

The objective is to build a regional model of smart battery storage facilities and energy communities that will ensure sustainable, reliable, and independent energy supply across Southeast Europe in the long term, he said.

In its statement, the Ministry of Economy also said that the project in Šibenik paves the way for advanced grid services, such as virtual inertia for grid stabilization.

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October 13, 2025
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Đokić: We expect EU to accept request to postpone CBAM implementation

Minister of Energy and Mining of the Republic of Srpska Petar Đokić expressed belief that the European Commission would postpone the implementation CBAM, set for January 1, 2026.

Minister Petar Đokić participated in the Energy Week Western Balkans 2025 conference, where he recalled that the Republic of Srpska has signed several contracts with domestic and foreign partners for the construction of renewable power plants totalling 2,170 MW. The investments are estimated at BAM 5 billion (EUR 2.56 billion).

Đokić noted that the construction of two hydropower plants, of 159 MW and 34 MW, is underway, as well as of the Buk Bijela hydropower plant, in cooperation with Serbia.

Đokić: The rest of the world no longer follows European politics

So far, two contracts have been signed for the construction of wind farms, of which one is in an advanced stage of construction, he underlined. The plan is to complete all contracted projects within three years, according to Đokić.

It will further increase the share of clean energy in total production.

He highlighted the challenges posed by the European Union’s policies, including the Carbon Border Adjustment Mechanism (CBAM), a cross-border emissions tax. Its application could have a very negative impact on the local economy, Đokić noted.

As the rest of the world no longer follows European policies, the question arises whether Europe has the right to impose new obligations on its members, especially if such obligations cause economic disruptions, he claimed.

Đokić: The request of the Republic of Srpska to postpone the implementation of CBAM is justified

Đokić said that the request of the Republic of Srpska to postpone the implementation of CBAM is justified. According to him, Bosnia and Herzegovina has fulfilled the last condition, the adoption of the law on the electricity regulator, transmission, and market, as it is now in parliamentary procedure.

CBAM brings fees on the CO2 emissions of goods imported to the EU from countries that don’t have equivalently priced carbon schemes. They include the Western Balkans.

The tax will cover cement, iron and steel, aluminum, fertilizers, electricity, and hydrogen.

Serbia, which is also part of the Western Balkans region, launched public consultations last week on its draft Law on Greenhouse Gas Emissions Tax and the Law on Carbon-Intensive Product Imports Tax.

Đokić spoke at a panel with Minister of Energy and Mining of Montenegro Admir Šahmanović, Ambassador of Italy to Montenegro Andreina Marsella, President of the Energy Agency of the Republic of Serbia (AERS) Dejan Popović, and co-founder and managing partner of Alcazar Energy Daniel Calderon.

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October 13, 2025
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North Macedonia receives applications for 4.2 GW of battery projects

North Macedonia has received requests for new wind farms, solar parks and gas power plants of 7,100 MW in total capacity, as well as for standalone batteries and ones that would be co-located with power plants, for 4,172 MW in overall operating power, Minister of Energy, Mining and Mineral Resources Sanja Božinovska revealed.

The Ministry of Energy, Mining and Mineral Resources has received an initiative for a 495 MW gas-fired cogeneration plant. Sanja Božinovska said the details are unknown as the submitted documentation is too extensive and is still being analyzed, state news agency MIA reported.

Of note, there were already proposals for gas-fired power plants in the country. The government has signed a memorandum of understanding with Kazancı Holding on projects for such facilities.

Investors intend to install standalone and co-located BESS

Investors submitted initiatives for wind farms of 1,590 MW altogether, as well as for a total of 402 MW and 1,080 MWh in battery energy storage systems (BESS) that would be co-located with wind farms.

So-called initiatives were also received for solar power projects totaling 5,052 MW and accompanying BESS of 1,174 MW in combined capability and 3,018 MWh in capacity. Investors plan to build standalone batteries of an overall 2,596 MW and 3,094 MWh, respectively.

Božinovska said it is great news, though that it’s more important whether the documentation is valid.

She recalled that the recently adopted Law on Energy introduced an annual construction plan for priority energy projects.

October 1 was the deadline for foreign investors to submit their projects

October 1 was the deadline for foreign investors interested in the construction of power plants to submit documentation, Božinovska noted. The ministry received a huge number of documents and it will take time to process them, she stressed.

Batteries became all the rage in the renewable energy sector worldwide. North Macedonia is set for a landmark achievement in its region.

YESS Power plans to commission a 60 MW BESS in the country next month. It would be the first large facility of its kind in the Western Balkans.

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