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Belgrade Energy Forum 2025 – 50 speakers at eight panels to track pace of SEE energy transition

The agenda of the third Belgrade Energy Forum, taking place on May 14-15, has been finalized with the addition of further prominent energy experts and companies. The conference, organized by Southeast Europe’s leading energy news portal, Balkan Green Energy News, will feature eight panels covering key topics in the energy sector, with an impressive lineup of speakers. Make sure you register on time via this link.

The Belgrade Energy Forum will once again be a meeting place for representatives of regional and international institutions and organizations, as well as the business community from across the region, Europe, and the world.

Eight panels featuring more than 50 speakers will offer an overview of the current challenges in the energy sector. Conference participants will hear in-depth analyses of the current situation, but also projections for the future. The thread that connects everything at this year’s BEF is digitalization – it permeates energy production, consumption, and storage and allows enough flexibility for the stable functioning of the energy systems of the future, where renewable energy will dominate.

Chikán: Electricity knows no borders

One of the key speakers at the conference, Alteo Group CEO Chikán Attila, will lead the company’s high-level delegation. Alteo has recently launched a regional expansion drive, aiming to establish a green platform of up to 2 GW in energy production, including operation, software, maintenance, storage, and waste management.

The Hungarian company primarily targets its home market, Slovakia, Croatia, and Serbia.

“Electricity knows no borders, therefore partnerships and collaborations among energy market players are essential, even at the regional level. Such cooperation is vital to ensuring the security and reliability of electricity supply, facilitating the integration of renewable energy sources, and providing essential digital solutions, supported by expertise and professional know-how,” Chikán stressed.

Decarbonization strategies for power generation in Southeast Europe 2040/2050

  • Dejan Paravan, CEO, GEN Energija
  • Dušan Živković, CEO, EPS
  • Eric Scotto, CEO, AKUO
  • Milutin Đukanović, Chairman, EPCG Board of Directors
  • Neda Lazendić, Country Manager, WV-International

Although at the heart of national energy systems, state-owned power utilities are faced with an environment that has changed and continues to change rapidly. The key shift is the entry of private capital into electricity production through the construction of solar power plants and wind farms.

The energy transition, at this stage, requires cooperation between state power utilities and private companies. With decarbonization as the main objective, the key challenge lies in choosing appropriate strategies and electricity generation technologies.

Moderating the panel will be Dražen Jakšić, Director of the Energy Institute Hrvoje Požar (EIHP).

“The transition to a low-carbon energy system is a key challenge for our region, demanding innovation, investment, and cooperation. As a sponsor of the Belgrade Energy Forum, EIHP is committed to fostering dialogue and driving sustainable energy solutions. I look forward to an insightful discussion,” he stressed.

Jakšić: The transition to a low-carbon energy system is a key challenge for our region, demanding innovation, investment, and cooperation

In recent years, nuclear energy has emerged as a possible alternative. There is hardly a better interlocutor on this topic in the region than Dejan Paravan, the top man of GEN Energija, the Slovenian company developing the Krško 2 nuclear power plant project.

Dušan Živković, CEO of Elektroprivreda Srbije (EPS), will tell us about the Serbian power utility’s plans when it comes to nuclear energy.

Živković: Without decarbonization, the region’s energy sector has no future

“Without decarbonization, there is no future for the region’s energy sector, and that is the biggest challenge ahead of us. It is essential to accelerate decisions and ensure sustainable project financing mechanisms that will provide energy security for every country and power utility in the decades to come. By investing in existing capacities and new renewable energy projects, EPS, as the biggest utility in the region, will make its own contribution to energy security. That’s why we have initiated a transformation process – because we need to be more profitable, more efficient, and fully prepared to tackle any challenge,” Živković pointed out.

The energy transition, in his words, is the path EPS has chosen, and all its plans will align with that goal, based on the belief that the diversification of energy sources and new technologies are essential for achieving it. “These are just some of the key messages I will share with the participants of this year’s BEF,” said Živković.

Eric Scotto, co-founder and CEO of French company Akuo, will share the latest information on the energy transition from across the globe.

The company’s portfolio consists of 1.9 GW of power plants in operation and under construction, with a further 12 GW in the pipeline in more than 20 countries around the world, including a number of countries in the Southeast Europe region.

Integration of Western Balkans electricity markets into internal European market through market coupling

  • Anže Predovnik, Director, ADEX Group
  • Ivan Asanović, Executive Director, CGES
  • Marko Bislimoski, President, Energy, Water Services and Municipal Waste Management Services Regulatory Commission of the Republic of North Macedonia
  • Zoran Vujasinović, Policy Officer, ACER

The integration of the Western Balkans’ electricity markets with the European Union (EU) markets is a process that deserves much greater public attention than it currently receives. It is safe to say that its true importance will become evident only once it is completed.

Full integration will unlock significant synergies, maximizing the benefits of a unified market by enhancing supply security, accelerating the integration of renewable energy sources, and fostering greater competition and transparency.

Moderator Dejan Stojčevski, CTO of the SEEPEX power exchange, says the panel seeks to encourage dialogue on the importance of cross-border collaboration and market efficiency in bolstering energy security and sustainability in the region.

Bislimoski: The time for inspiring speeches is over. Geopolitical developments demand action – now!

Since market integration is largely the job of regulators, the challenges they face will be analyzed by Marko Bislimoski, president of North Macedonia’s Energy and Water Services Regulatory Commission (RKE).

He says that three things are essential for the regional integration of electricity markets into a single European market: investment, investment, and nothing but investment. In his words, the energy crisis demonstrated that limitations become a reality when governments fail to prioritize the implementation of key energy infrastructure capacities in their budgets.

“This past winter, the region faced the highest electricity prices compared to the rest of Europe. Why? Because the implementation of energy investments is not just a ribbon-cutting ceremony. Today, more than ever before, the countries of the former Yugoslavia must demonstrate maturity. These are the years when energy independence will be built through action. The time for inspiring speeches is over. Geopolitical developments demand action – now!” he stressed.

Energy revolution underway – uniting efforts to deliver green, intelligent and sustainable energy solutions

  • Aleš Prešern, VP, Head of Southeast Europe, Siemens Energy
  • Maja Turković, SVP, CWP Europe
  • Ann-Catherine de Tourtier, Managing Director Mediterranean, Nordex Group

As much as contesting the energy transition may be futile, there are still those who find such a view meaningful, especially in light of certain global political developments. That’s why it is important to give the floor to some of the transition leaders and let them testify that an energy revolution is indeed underway in the region.

The panel’s moderator Mirza Kušljugić – professor, energy expert, and one of the founders of Bosnia and Herzegovina’s Centre for Sustainable Energy Transition Centre (RESET) – goes one step further to show that change is not only happening but also accelerating.

“The key words are a new energy paradigm driven by the four Ds – decarbonization, digitalization, decentralization, and democratization. But now we also have another D: disruption, or radical change in the industry and market caused by technological innovation. Of course, we must focus the discussion – from global processes (China, the US, the EU, the Global South) to where the region stands in all of this,” Kušljugić points out, providing a perfect introduction to the panel.

Turković: It’s more important than ever to have open discussions about real solutions

Aleš Prešern, Vice President and Head of Southeast Europe at Siemens Energy, has worked in the energy sector for more than 20 years. He recalls that digitalization is key, along with grid resilience and electricity transmission.

With nearly 100,000 employees in more than 90 countries, Siemens Energy develops the energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in the company’s research departments and factories drive the energy transition and provide the base for one sixth of the world’s electricity generation.

As a leader in renewable energy development, CWP is actively working on several large-scale projects across the SEE region with a total capacity exceeding 7 GW, positioning the company at the forefront of the region’s energy transition. Given its global expertise and insights into the regional energy market, CWP’s contribution to this year’s conference will be invaluable.

Maja Turković, Executive Vice President of CWP Europe, says that BEF 2025 is a key gathering of leading experts driving the energy transition in Southeast Europe.

“As this shift gains momentum, it’s more important than ever to have open, action-driven discussions about real solutions to the challenges and opportunities ahead,” says Turković.

PPAs as a key to renewable energy growth in SEE

  • Nikola Gazdov, Chairman, Association for production, storage and trading of electricity – APSTE
  • Natalija Ljubić, Manager PPA & BESS Transactions, Pexapark
  • Ivana Đurović, Category Manager Renewable Energy, Knauf Group

Power Purchase Agreements (PPAs) are, like flexibility, a tool for fixing the imperfections of renewable energy sources, and they are recognized as a key mechanism within the new electricity market design. They ensure price stability, attract new investment, and accelerate the decarbonization of industry.

Is the region ready for PPAs? What are the dominant models? What is the current market practice? How are PPAs viewed by financial institutions? What do they offer to end consumers and what to investors in new power plants? Answers to these questions will be sought at the panel moderated by Mislav Slade-Šilović, Energy, Utilities & Resources Consulting Leader for Southeast Europe and member of the core PPA team at consultancy PwC.

Experience with PPAs for more than 500 GWh of electricity

Slade-Šilović’s experience in concluding PPAs for the production and consumption of over 500 GWh of electricity per year in the SEE region will certainly be of help.

Nikola Gazdov, Chairman of Bulgaria’s association for electricity production, storage, and trading (APSTE) and member of the Board of Directors of the European solar industry association SolarPower Europe, has no shortage of experience either. As CEO of three companies – Enery Element GmbH, Element Power Group, and Renergy – he is involved in the development of a large number of projects.

Pexapark, a company that provides logistics to businesses in the renewable energy market, is synonymous with PPAs in Europe. Natalija Ljubić is the Manager for PPA and BESS Transactions at Pexapark, which has helped conclude contracts for facilities with a combined capacity exceeding 35 GW.

The views of electricity buyers – without whom there would be no PPAs – will be conveyed by Ivana Đurović, Category Manager for Renewable Energy at Knauf Group.

Market flexibility: the backbone of a resilient energy system

  • Roman Bernard, CEO, NGEN
  • Luka Renko, COO, KOER
  • Alteo Group representative
  • Nikolaj Candellari, Project Manager and Market Intelligence, CyberGrid
  • Marko Zarić, EMS

Moderating the panel will be Elena Boškov Kovač, co-founder and CEO of Blueprint Energy Solutions, and a leading voice on market flexibility in Europe.

She will host representatives of the sector’s leading companies: NGEN, Alteo, KOER, CyberGrid, as well as Serbia’s transmission system operator Elektromreža Srbije (EMS).

“Excited to moderate a high-impact panel on ‘Market Flexibility: The Backbone of a Resilient Energy System’ at the Belgrade Energy Forum 2025,” says Boškov Kovač, whose work has shaped smart grid strategies and digitalization innovation agendas across the EU and under ETIP SNET.

As Europe accelerates its shift to renewables, market flexibility is emerging as the cornerstone of reliable, affordable, and decarbonized energy systems. With the European flexibility market promising to unlock over EUR 20 billion in savings, this session will explore how digital tools, flexible assets, and new market designs are unlocking value and resilience across the grid.

Slovenia’s NGEN is the technology sponsor of BEF 2025

Slovenian energy company NGEN, the technology sponsor of the conference, has managed to establish itself as a significant player in European markets in just five years of operation and is now ready to enter the Western Balkans’ markets.

Specializing in premium battery storage systems and smart energy solutions, the company is developing systems with a total capacity of 1.6 GWh in European countries. Its founder, Roman Bernard, will be speaking at the panel.

Also taking part in the panel will be Luka Renko, COO of KOER, a pioneer in virtual power plants in the region.

Rounding off the lineup of exceptional panelists will be Nikolaj Candellari, who is responsible for project management at CyberGrid. The software company was acquired a few years ago by Austria’s EVN, one of the first to demonstrate that greater integration of renewable energy sources, battery storage, and prosumers is not possible without digitalization and software solutions.

In a nutshell, this innovative company stands for the digitalization of the energy sector, with a focus on virtual power plants.

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BiH entities agree on electricity market law – power exchange to be established in Mostar

After ten years of negotiations, the Republic of Srpska and Federation of Bosnia and Herzegovina, the two entities of BiH, have finally agreed on a law on the electricity regulator, transmission, and market. The important piece of legislation should enable the establishment of an electricity exchange, which is one of the conditions for BiH’s exemption from the Carbon Border Adjustment Mechanism (CBAM) on electricity exports to the European Union.

The breakthrough was announced by Staša Košarac, Minister of Foreign Trade and Economic Relations of BiH and Deputy Chairperson of the Council of Ministers.

The law on the electricity regulator, transmission, and market has been agreed, Košarac said after a meeting in Vienna with Energy Community Secretariat Director Artur Lorkowski.

The meeting was attended by Minister of Energy and Mining of the Republic of Srpska Petar Đokić and the Minister of Energy, Mining and Industry of the Federation of Bosnia and Herzegovina (FBiH) Vedran Lakić.

Košarac: A serious step towards fulfilling obligations in the energy sector

“After several years of attempts, since 2017, we have finally agreed on the law,” Košarac noted.

He recalled that the said legislation is one of the conditions for the exemption of BiH from the EU’s carbon border tax.

“We made a serious step towards fulfilling our obligations in the energy sector. I am truly grateful to Ministers Đokić and Lakić, and to the Energy Community Secretariat for cooperation,” Košarac stressed.

Lakić: BiH will no longer be the only country without a law and an electricity exchange

The Ministry of Energy, Mining and Industry of the Federation of BiH pointed out that the negotiations on the law lasted ten years.

“We have reasons to be extremely satisfied with the agreement, especially related to the current circumstances in BiH, because this is an important step in the process of exempting the country from CBAM. Now we will be able to protect exporters to the EU in all parts of BiH, and to use the funds collected from the CO2 tax for projects in the country,” Lakić explained.

In his view, the law also sets an environment for the establishment of an electricity exchange, based in Mostar. BiH is no longer the only country that does not have its own law on the electricity market and power exchange, he noted.

Đokić: The key reason for the agreement is the CBAM

The Minister of Energy and Mining of the Republic of Srpska Petar Đokić recalled that the law has been discussed for more than ten years. He noted that it only legalized the current practice established by existing laws.

Elektroprenos BiH, the Independent System Operator in Bosnia and Herzegovina (NOSBiH) and the State Electricity Regulatory Commission (SERC or DERK) are already operational in line with the laws.

CBAM has been postponed for a year

The key reason for the harmonization is the establishment of the electricity exchange because it is a prerequisite for BiH to submit a request for exemption from the cross-border CO2 tax, the minister stressed.

Without the exemption, BiH would pay a tax on its electricity exports to the EU and into the EU budget, said Đokić, who will be among the speakers at Belgrade Energy Forum 2025 (BEF 2025). The entity minister recalled that the EU postponed the CBAM implementation from January 2026 to January 2027. Of note, BiH previously asked for CBAM to be postponed.

The implementation of CBAM would make companies in BiH exporting electricity uncompetitive. It would jeopardize the financial stability of government-controlled power utility Elektroprivreda Republike Srpske (ERS) in the Republic of Srpska, according to the minister.

Đokić noted that the power exchange would be established by three power companies in BiH – ERS, Elektroprivreda BiH (EPBiH) and Elektroprivreda HZHB, with the transmission system operator – NOSBiH.

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Austria’s Verbund acquires 272 MW wind project in Romania

Verbund Wind Power Romania, a subsidiary of Austria’s Verbund, has acquired a 272 MW wind project from Monsson, a Sweden-based renewable energy group. The project, taken over at a ready-to-build stage, is expected to enter the construction phase in 2026.

The planned wind farm in Caraș-Severin county in Romania is expected to produce 569 GWh of electricity annually, Verbund said in a press release.

Verbund has been present in the Romanian renewables market since 2012, operating the 226 MW Casimcea wind farm in Tulcea county. It also has a portfolio of wind and photovoltaic projects under development.

Verbund already operates a 226 MW wind farm in Romania

Adrian Borotea, General Manager of Verbund Wind Power Romania, said the company looks forward to future opportunities that can help speed up the country’s energy transition. “In Verbund, we continuously seek to stimulate the growth of the clean energy sector in Romania, in line with our sustainable approach to business,” he stressed.

Sebastian Enache, Head of Mergers and Acquisitions and member of the Board of Directors of Monsson, said the need for clean energy as a central point of the energy sector development in Romania and Europe is growing, adding that the company is proud to have started this cooperation with Verbund, one of the largest producers of electricity from renewable sources in Europe.

The Austrian utility expects 25% of its overall electricity output to be generated from solar and wind energy by 2030, with Romania seen as one of the strategic target markets to achieve the objective.

Monsson has over 5 GW of solar and wind projects in Romania

Monsson has a portfolio of more than 5 GW of wind and solar projects in Romania. It offers a full range of services, including the design, development, construction, and operation of renewable energy power plants, as well as the construction and operation of battery-based energy storage solutions.

The company recently said it was preparing to build a manufacturing facility in the Romanian town of Petrila to produce renewable energy equipment, including robots that clean solar panels.

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Feasibility study complete for Romania’s East-West underground high-voltage line

A project for underground high-voltage power link East-West across Romania entered a new phase with the completion of the feasibility study. It would run alongside existing energy infrastructure.

A year and a half after Minister of Energy Sebastian Burduja declared the project for a high voltage direct current (HVDC) line across Romania “the number one priority,” the feasibility study is complete. Notably, he estimated at the time that it would be done within six months and that the interconnection had to be installed by 2029.

The East-West Interconnector (Est-Vest) project is entering the next phase. It is planned to run underground from the Black Sea coast to the border with Hungary. The endeavor includes utilizing existing infrastructure corridors such as the BRUA and Tuzla-Podișor gas pipelines.

It saves significant time on permits, lowers costs and reduces environmental impact, the ministry pointed out. The project partners are Romania’s transmission system operator Transelectrica, Abu Dhabi National Energy Co. (TAQA) from the United Arab Emirates, the French Meridiam and domestic company E-Infra.

Italian consultancy and engineering services provider CESI conducted the study. It launched the task in May last year.

Burduja: No time to waste in making Romania net exporter of electricity

Minister Sebastian Burduja said it is one of the most ambitious energy infrastructure projects in Central and Eastern Europe. The new study marks an essential stage in Romania’s transformation into a regional energy hub and a strategic actor in Europe’s energy security, he claimed.

“We have no time to waste. We will accelerate all the necessary steps for Romania to become a net exporter of clean energy and a pillar of stability in the region. Moreover, the project is vital for the modernization and balancing of Romania’s electricity transmission network and will ensure the evacuation of significant quantities of electricity that will be generated following the completion of Romania’s strategic investments in units 3 and 4 of the Cernavodă nuclear power plant, as well as in the offshore and onshore wind projects in the Dobruja area,” Burduja stated.

The East-West HVDC will be able to cary electricity from the Cernavodă nuclear power plant as well as from future wind projects in the east

Internationally, the project contributes to strengthening the integration of the regional and European energy market and increasing the security of supply to consumers in the southeastern part of Europe, according to the minister. It contributes to the possibilities for exporting electricity to neighboring countries, he noted.

The project is an integral part of the Green Corridor, which is supposed to connect Azerbaijan, Georgia, Romania and Hungary, as well as other countries in the region. The project includes the proposal for an HVDC cable that would run under the Black Sea.

Energy security comes first

The ministry’s objectives are a secure energy supply, at affordable prices, and for Romanians and the economy, and the energy to be green – all in the same order.

HVDC is currently the prevailing technology for long-distance power transmission. The East-West interconnector is supposed to pass through Bucharest.

The cable would allow the transmission of green energy produced in Romania – including from future offshore wind farms in the Black Sea – to domestic and consumers in other European Union member countries. It will also allow Romania to get green energy from Azerbaijan when there is a deficit in the national power system, the ministry added.

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Curtailments reach new highs in Greece ahead of first battery installations

Greek renewable energy producers are fearful of any delay in the deployment of battery energy storage systems, because of high curtailments.

The sector expects that in a hypothetical scenario without the storage, the curtailments would rise to 25% by 2030, compared to last year’s 3.3%.

So far in 2025, curtailments have risen further. According to the Renewable Energy Sources Operator and Guarantees of Origin (DAPEEP), just last week they amounted to 30 GWh. Sunday, April 6, was a particularly eventful day, as over 4 GW of renewable electricity capacity was cut for multiple consecutive hours.

It also marked the first time that grid operators curtailed photovoltaic plants in the distribution network, which were formerly left unscathed. In total, 116 GWh was consumed in Greece on Sunday. Renewables gave 88.7 GWh, but one third had to be curtailed to stabilize the system.

Many producers at the distribution level receive messages from the operator every few days to turn off their photovoltaics manually. If they do not comply, they are subject to a fine of EUR 500 per MWh.

Timely storage development is crucial

Curtailments are expected to double this year, according to Aristotle University of Thessaloniki Professor Pantelis Biskas. Both the market and the Ministry of Environment and Energy expect storage to provide a solution. By the end of 2025, the first battery projects that were selected in auctions are expected to connect to the grid. However, investors have warned that strict timeframes, red tape and uncertainty in global markets could lead to harmful delays.

Large players to gain market share

Until the storage comes online and reduces curtailments, the renewable energy sector will be subject to various effects. DAPEEP’s CEO Anastasia Riga said large vertical players would probably gain more market share in the current environment. Also, the introduction of negative pricing in the balancing market adds another layer of complexity and potentially reduces profits for producers.

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Two thirds of industrial gas consumers in Slovenia eye hydrogen use

Slovenia’s natural gas transmission system operator Plinovodi and more than 50 industrial companies have signed an agreement on the establishment of the Hydrogen for Users consortium – SloH2U.

The SloH2U consortium represents a systemic response by Slovenian industrial consumers to the need for restructuring the use of hydrogen and renewable gases, according to Plinovodi.

The inclusion of more than two thirds of industrial gas consumers clearly demonstrates that Slovenia is well prepared to meet European decarbonization goals, the company said.

Marjan Eberlinc, the general manager of Plinovodi, underscored that the establishment of the SloH2U consortium is a major Slovenian hydrogen initiative connecting key stakeholders in industry, energy, and government. The aim is to achieve a coordinated, technically feasible, and timely transition to a decarbonized future, he added.

Kumer: We need an industry that is ready to invest, experiment, and collaborate

According to Minister of Environment, Climate, and Energy Bojan Kumer, infrastructure projects alone are not enough for a successful transition to low-carbon energy. “We need an industry that is ready to invest, experiment, and collaborate,” he asserted.

Matija Bitenc, a member of the executive board and deputy general manager of Plinovodi, explained that the platform was established after discussions with the industry about its needs and the technological, financial, geopolitical, and regulatory challenges.

In his words, SloH2U isn’t an ideological declaration, but a concrete foundation for the development of user infrastructure, specific pilot projects, and integration into the European hydrogen ecosystem.

Čas: It is crucial to ensure the transition doesn’t happen too late or that it isn’t too slow

“For the industry, the question is no longer whether, but how to decarbonize processes,” Steklarna Hrastnik CEO Peter Čas stressed.

Collaboration with infrastructure partners like Plinovodi is crucial to ensure the transition doesn’t happen too late or that it isn’t too slow, according to Čas.

In November last year, Slovenia joined the European Union’s Clean Hydrogen Partnership. Six months earlier the country established a consortium of 18 companies, organizations, and municipalities for an ecosystem for hydrogen from low-carbon sources.