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MOL in talks about possibility of purchasing stake in Serbian NIS
Hungary acknowledged that state-controlled oil and gas company MOL is in discussions aimed at exploring the possibility of acquiring a stake in NIS. Based in neighboring Serbia, the oil refiner and service station chain operator is under sanctions that the United States imposed on its owner, Russian Gazprom Neft. Gergely Gulyás, chief of staff of […]
EU presents European Grids Package: faster permitting, stronger interconnections, lower energy bills
The European Commission presented the European Grids Package, a comprehensive plan to modernise transmission infrastructure, accelerate permitting procedures, and overcome bottlenecks in Europe’s electricity networks. It also unveiled the Energy Highways initiative, which consists of eight major infrastructure projects critical for energy security, renewable energy integration, and cross-border electricity market connectivity. Energy infrastructure is the […]
Greek authorities launch electricity market probe
The Hellenic Competition Commission (HCC) and the Regulatory Authority for Energy, Waste and Water (RAAEY or RAEWW) began a double probe into the Greek electricity market. The move follows a report by the European Union Agency for the Cooperation of Energy Regulators (ACER) concerning the formation of wholesale prices during the period between July and September […]
Slovenia draws up first climate vulnerability, risks assessment for energy sector
In cooperation with the Jožef Stefan Institute, the Ministry of the Environment, Climate and Energy has issued the first national assessment of climate vulnerability and risks for the energy sector. The analysis shows that the sector is moderately vulnerable under current climate conditions. The main threats to the energy sector in Slovenia are floods, fires, […]
Firms from Croatia, BiH, Serbia to build power line in North Macedonia
Croatia-based Dalekovod, Elnos from Bosnia and Herzegovina, and Serbian Kodar Energomontaža will jointly build electricity transmission infrastructure in North Macedonia. Dalekovod said it signed a EUR 19.7 million contract with MEPSO, the transmission system operator of North Macedonia, as the lead member of a consortium that includes Elnos BL and Kodar Energomontaža. The contracted works […]
Energy system based on renewables is cheapest solution to achieve net zero by 2050 – study
A European energy system based on a high share of renewable energy is the cheapest scenario until 2050 for achieving the net-zero goal, when compared to an increased use of nuclear capacity, or hydrogen, or carbon capture and storage, and against a delayed energy transition, according to a study produced by Hitachi Energy for WindEurope. […]
Montenegro adopts National Energy and Climate Plan
The Government of Montenegro has adopted the National Energy and Climate Plan, along with a bill on cross-border electricity and natural gas exchange. The National Energy and Climate Plan (NECP) of Montenegro is the overarching strategy that clearly defines what the country should achieve by 2030: a 55% reduction in emissions, a renewable energy share […]
IEA: Employment in energy sector grows two times faster than in global economy
A new report from the International Energy Agency (IEA) shows that the rate of employment growth in the energy sector was two times higher in 2024 than in the overall global economy. On the other hand, the organization is warning of a serious shortage of skilled workers in key sectors. Renewable energy sources, especially solar […]
Turkey awards 1.15 GW in wind power auctions – all at just EUR 35 per MWh
The six winners from the latest round of wind power auctions under the YEKA state support mechanism in Turkey will have at least EUR 35 per MWh guaranteed from the sale of electricity in the first six years. It was the floor price in the bidding. After it was reached for each zone, the remaining […]