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April 7, 2025
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Solar, nuclear lower Europe’s power prices by 30% in March

Electricity generation in solar and nuclear power plants, combined with higher temperatures, lowered the price of electricity in Europe in March by almost 30% on a monthly basis, according to Eurelectric’s data.

Photovoltaics broke the record in power generation in March for the third consecutive month, Eurelectric said, adding that they accounted for more than 10% of Europe’s electricity mix.

The boost in solar power, combined with improved nuclear generation and milder weather, decreased power prices to EUR 90 per MWh from EUR 126 per MWh, registered in February, and EUR 112 per MWh in January.

The organization attributed high prices in the previous two months to low wind generation, increased power demand and the highest gas prices in two years. Ongoing global geopolitical tensions and outages in Norway exerted upward pressure on the cost of gas while limited storage and flexibility sources forced a heavier reliance on gas to supply electricity.

65 GW of solar was added in 2024

Eurelectric said solar rescued Europe with sunnier days and the rise in capacity, with 65 GW added in 2024 alone. As a result, the share of renewables in the power mix was 15 percentage points higher in March compared to February, though one point lower than in March 2024.

Nuclear energy contributed to the decrease in prices with the rise of its share in power production from 24% in March 2024 to last month’s 26% after a few French nuclear reactors came back online, Eurelectric said.

Nevertheless, the average day-ahead electricity price in the first quarter of 2025 was 51% higher than in the first three months of last year. The surge was primarily driven by higher average gas prices, which grew by 33% in the same period, according to the data.

Ruby: Europe remains too vulnerable to fossil fuel price fluctuations

The organization’s Secretary General Kristian Ruby stressed that Europe remains too vulnerable to fossil fuel price fluctuations, especially during periods of high electricity demand. “To counter this, we must speed up the roll-out of demand side response and storage technologies and further incentivise the use of long-term power purchase agreements,” he noted.

Eurelectric sees solutions in capacity mechanisms and flexibility-supporting schemes. Flexibility is also crucial when it comes to balancing negative prices, which are occurring more frequently. As solar generation rose in March, negative prices made a comeback, particularly in Nordic and Western European countries, the organization of the European electricity industry pointed out.

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April 7, 2025
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PPC plans EUR 5.8 billion makeover of Western Macedonia coal region, including data centers

Public Power Corp. (PPC) presented a EUR 5.8 billion investment plan for the coal region of Western Macedonia in northern Greece. It held the ceremony in the retired Kardia 2 lignite-fired power plant.

According to PPC’s chairman and CEO George Stassis, the endeavor consists of the decommissioning of old assets and the rollout of new energy technologies.

Stassis: Western Macedonia can reinvent itself

PPC, or DEI in Greek, said it would return to the government 8,000 hectares of coal land that it no longer needs, after completely restoring it. All equipment, such as 400 kilometers of lignite conveyor belts, cooling towers and excavators, are planned to be recycled up to 95%.

According to the decarbonization timeframe, Ptolemaida 5 will be the last coal plant in the country, continuing to operate until the end of 2026. It is set to be converted to a gas power plant with a capacity of 350 MW. PPC is also open to upgrading it to 500 MW or even 1 GW.

New photovoltaics, storage underway

“Western Macedonia can reinvent itself using new technology,” said the CEO.

The group aims to install a total of 2.1 GW in photovoltaics across the region. A 550 MW solar power plant in the former lignite mine of Ptolemaida is almost complete. It will be the biggest in the Balkans. Separately, a group of clusters of 940 MW is under construction within the Meton joint venture with German RWE.

Energy storage is another major segment in PPC’s investment plan. Within the next three years, it aims to funnel EUR 940 million for a total capacity of 860 MW. It includes two pumped storage hydropower projects. The one in Kardia is for 320 MW and an eight-hour storage duration, and the other in the South Lignite Field – 240 MW and a 12-hour duration. The projects are worth EUR 430 million and EUR 310 million, respectively.

Equally important, battery storage units of 300 MW altogether would be installed in Amyndaio, Akrini, Meliti and Kardia in the country’s main coal region. The other one is Megalopolis in the Peloponnese.

PPC plans a 50 MW hydrogen production facility together with Motor Oil, as Hellenic Hydrogen, and a cogeneration plant to cover district heating needs from the end of 2026.

Large 300 MW data center

Last but not least, the Greek group aims to create a 300 MW data center, as part of an investment of EUR 2.3 billion. A subsidiary in fiber optic cables would upgrade the telecommunication links with Thessaloniki and Igoumenitsa to improve data flow in Greece and abroad.

If conditions are favorable, PPC would further upgrade the data center to 1 GW, increasing its investment by EUR 5.4 billion.

Greek Prime Minister Kyriakos Mitsotakis said at the event that existing infrastructure in Western Macedonia is a great advantage.

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April 6, 2025
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Kosovo* to subsidize solar panels for prosumers, solar thermal systems

Kosovo* is using an EU grant for public calls for families and firms to install solar power panels and solar thermal collectors. The subsidies for photovoltaics amount to EUR 250 per kW, or EUR 200 per kW for businesses that set up larger systems. There is a bonus for female-owned enterprises.

The Ministry of Economy of Kosovo* launched a mechanism to support households and micro, small, and medium-sized enterprises in investing in renewable energy. The measures are funded with a EUR 75 million grant from the European Union within its EUR 500 million direct budget aid package for the Western Balkans. It was approved at the height of the energy crisis, to subsidize the energy bills of households and businesses that were at high risk.

The authorities issued a call for photovoltaics for self-consumption for families and micro, small, and medium-sized enterprises. Households can apply for support for solar systems with capacities ranging from 3 kW to 7 kW. They will be subsidized with EUR 250 per kW to become prosumers but only up to EUR 1,750 overall.

Firms that build photovoltaic systems of 10 kW and more are entitled to as much as EUR 6,000 per beneficiary

For micro, small, and medium-sized enterprises, the subsidy will be EUR 250 per kW for capacities ranging from 3 kW to 9 kW. The maximum payment to one beneficiary is EUR 2,000. For capacities of 10 kW and above, future prosumers in the business sector will be subsidized with EUR 200 per kW or up to EUR 6,000 in total.

In cases where businesses are owned by women or are jointly owned by women holding at least 51% of ownership, the government will add EUR 200 to the subsidy.

The deadline for the first phase is May 31 or until all funds are reserved, on a first-come-first-served basis. Applications in the second phase will be accepted until September 30, according to the announcement.

Public call for solar thermal systems for firms expected in one week

The other call, which the ministry expects to be launched in mid-February, is for supporting micro, small, and medium-sized enterprises in investing in solar thermal systems, for water heating.

The share of subsidies is 40% of the investment value or up to EUR 4,000 in total.

Government promises pathways for investments

Kosovo’s Prime Minister Albin Kurti expressed commitment to the energy transition pathway.

“While we are working on projects with large capacities such as the solar auction, we are also pushing forward opportunities for our citizens to develop small-scale energy capacities for consumption and self-consumption. Not only are we reducing the burden on our system, but we are also empowering families and businesses to make sustainable and affordable choices,” he said.

The Law on Renewable Energy Sources has passed the first reading in parliament

It is a favorable time for investments in renewables, Minister of Economy Artane Rizvanolli claimed and highlighted the work on the Law on Renewable Energy Sources. It has passed the first reading in parliament.

The law will make the installation of solar systems more attractive and obligate operators to make it easier for citizens, she added. The energy strategy stipulates that citizens should be in the center with regard to development and benefit from the energy transition, Rizvanolli asserted.

Alessandro Bianciardi from the European Union Office in Kosovo* vowed to continue supporting the government’s initiatives in the sector. They are cooperating on the 2024-2027 agenda to boost the economy of Kosovo* and other Western Balkan countries with grants and subsidies in the energy sector, he stressed.

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* This designation is without prejudice to positions onstatus and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
April 6, 2025
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Kosovo* power utility KEK replaces acting CEO

The Board of Directors of Kosovo Energy Corp. (KEK) appointed Bekir Gërguri as acting chief executive officer and Ramadan Budakova as his deputy, also in an acting capacity.

The change in leadership in Prishtina-based KEK has prompted controversy. Bekir Gërguri has been named acting CEO instead of Përparim Kabashi, who has returned to his previous position as secretary. Ramadan Budakova became acting deputy CEO of the government-controlled electricity producer.

The company runs the only two coal-fired power plants in Kosovo*, which account for more than 90% of domestic output. But KEK also has a major renewables project underway, backed by funding from the European Union.

Connections between the newly appointed CEO and Kosovo’s ruling party Lëvizja Vetëvendosje (LVV) surfaced immediately after the announcement. Gërguri’s previous affiliation with it, including his candidacy for the Municipal Assembly of Fushë Kosova (called Kosovo Polje in Serbian), has raised questions about potential political influence.

KEK generated 5.53 TWh of electricity last year

Additionally, there are concerns about reports that Budakova was accused of planting wheat over a decade ago on KEK land near coal mines without authorization, resulting in his demotion.

There were issues with earlier leadership as well. Police arrested former CEO Nagip Krasniqi last year over alleged tender manipulation. He was released from detention last September, but the legal proceedings against him are ongoing.

As Kosovo’s primary energy provider, KEK plays a vital role in the country’s infrastructure and economy. It remains to be seen how the new management will navigate the challenges ahead and address concerns about transparency, accountability, and political influence.

KEK generated 5.53 TWh of electricity last year. The Kosovo A thermal power plant contributed 2.29 TWh, while Kosovo B accounted for the remainder.

Separately, through the cogeneration project with Prishtina’s Termokos, over 327 GWh of thermal energy was generated for heating purposes. This significant output has been achieved through the combustion of coal, with a total of 6.92 million tons extracted during the year 2023.

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* This designation is without prejudice to positions onstatus and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
April 6, 2025
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Kosovo* to measure wind potential for auctions, public projects

The Ministry of Economy of Kosovo* will install wind gauges this year at many locations to develop projects that it intends to auction or build capacities in public ownership or within public-private partnerships.

The government never had precise data on wind energy potential, as various potential investors measured it themselves, but they didn’t do it properly either, so Kosovo* is “a little behind” in the aspect, according to Minister of Economy Artane Rizvanolli. She told lawmakers that the ministry would set up anemometers and wind vanes in many places this year to determine wind speed and direction, Buletini Ekonomik reported.

The next step will be to conduct other preliminary studies, Rizvanolli explained. The ministry will develop them into projects for the first auctions or to install capacities in public ownership or within public-private partnerships, she revealed.

Data for foreign investors

The aim is to present foreign investors with exact information on wind potential, in her words. It will contribute the success rate and process transparency, for which the ministry was praised during the first auction, Rizvanolli stressed.

Kosovo* hosts two wind power plants. Bajgora (also known as Selac) has 102.6 MW in connection capacity. The Kitka facility, of 36 MW is planned for expansion.

There is an estimated 1 GW in overall potential in the locations of Çiçavica (also Čičavica, Çiçavica and Qyqavica), Zatriq (Zatrić), Budakovo (Budakova) and Kozhica (Kožica), the article adds.

Air Energy 2 intends to install two wind power plants of 34.8 MW each, in combination with a solar power plant. StubllaEnergy is also working on a hybrid power plant of 170 MW, of which 132 MW would be in wind turbines. Most projects have long been dormant.

Next up is 150 MW wind power auction

One month ago the Ministry of Economy published the names of companies that applied to qualify for Kosovo’s pilot renewable energy auction. They are competing for a contract for difference of CfD for a solar power project of 100 MW in indicated connection capacity.

The government plans auctions for a combined 950 MW in wind and solar power and battery storage in the next two years. First up would be a public call for 150 MW in wind power.

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* This designation is without prejudice to positions onstatus and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
April 6, 2025
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Kosovo* receives financing for 120 MW solar power plant on coal ash dump

The European Investment Bank is providing a EUR 33 million loan for a solar power plant of 120 MW in peak capacity. Government-controlled power utility KEK plans to install it on its former coal ash dump near Prishtina.

The European Investment Bank (EIB) signed a EUR 33 million investment loan for the construction of a photovoltaic plant in Kosovo* with a connection to the grid of up to 100 MW, translated to 120 MW in peak capacity.

The financing package for the Solar4Kosovo project is part of the European Union’s Economic and Investment Plan for the Western Balkans of EUR 9 billion in grants. It is aimed at mobilizing a total of EUR 30 billion.

Solar power project involves EUR 32 million EU grant

The proposed facility is expected to produce 169 GWh per year, EIB said. The location, owned by government-controlled Kosovo Energy Corp. (KEK), is on the former ash dump of its Kosovo A power plant. The electricity producer is also getting a EUR 32 million grant via the EU’s Western Balkans Investment Framework.

“As one of the largest renewable energy developments in the region under Team Europe, this project will help Kosovo* achieve its energy security and renewable energy goals. Together with the European Commission and other partners, we are glad to be able to jointly help Kosovo* lay the groundwork for the decarbonisation of the local economy and diversification of the energy mix, in line with the EU Green Agenda,” said EIB’s Vice-President Kyriacos Kakouris.

Investment valued at EUR 107 million in total

Germany’s KfW Development bank is providing a EUR 29 million loan. The project’s total value, including KEK’s own funds, is estimated at EUR 107 million. The solar power plant between the towns of Obiliq/Obilić and Fushë Kosova (called Kosovo Polje in Serbian), near Prishtina, would have an underground connection to the existing substation at the Kosovo A thermal power plant.

“This project, the largest of its kind in the region, not only guarantees a sustainable energy production method but also accelerates Kosovo’s shift from conventional energy sources,” according to Kosovo’s Minister of Finance, Labour and Transfers Hekuran Murati.

Kosovo* is dependent on obsolete Kosovo A and Kosovo B coal plants for almost all its electricity. Renewables projects are gradually gaining traction.

The other part of the Solar4Kosovo project is for a solar thermal facility for the nearby capital city’s district heating system. The site is in the village of Shkabaj (Orlović) in Obiliq municipality.

In other news, the government in Prishtina established Energy Storage Corp. or ESCorp. It will manage the project for batteries with total operating power of 125 MW and 250 MWh in capacity. It is funded by the Millennium Challenge Corp. (MCC) of the United States.

The remaining 45 MW (90 MWh) is expected to be owned by Transmission, System and Market Operator (KOSTT). The battery systems are envisaged to store surplus electricity and stabilize the frequency in the transmission system. They are valued at USD 180 million altogether.

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* This designation is without prejudice to positions onstatus and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.