Elektroprivreda Srbije achieved a profit of RSD 27.4 billion (EUR 233.8 million) in the first half of 2025. The financial result of the state-owned Elektroprivreda Srbije (EPS) is lower than in the same period of 2024, when profit amounted to RSD 32.8 billion (EUR 280.3 million). The company posted RSD 26.1 billion (EUR 222.8 million) […]
North Macedonia drafted the Law on the Use of Energy from Renewable Sources to facilitate a decrease in fossil fuel consumption and a rise in the share of green energy. The legislation introduces market premiums under two-way contracts for difference (CfDs), which would be approved through renewable energy auctions. It also regulates net metering and […]
Russia is interested in cooperating with Serbia in the nuclear energy sector. According to the authorities, the country is still a long way away from the potential construction of a nuclear power plant. Minister of Mining and Energy of Serbia Dubravka Đedović Handanović met with the Ambassador of the Russian Federation Alexander Botsan-Kharchenko to discuss […]
Dutch company Oceans of Energy has assembled its new floating photovoltaic plant in the Port of Amsterdam in just three days. The modular facility is about to be towed and integrated with the Hollandse Kust Noord offshore wind farm on the North Sea, creating a hybrid power plant. The Nymphaea Aurora floating solar power platform […]
Companies that participated in the second round of auctions in Romania for contracts for difference (CfDs) for wind and solar power projects received the ranking list. The target quota for photovoltaics was slightly surpassed, with 1.49 GW approved. Conversely, only 1.26 GW was allocated in the wind project segment, against the available 2 GW. Average […]
District heating plant Energetika has begun removing coal ash from an uncovered disposal site that has been polluting air and soil for years in the heart of Kragujevac, Serbia’s fourth-largest city. The effort is part of a project financed by an EUR 18 million loan from the European Bank for Reconstruction and Development (EBRD), to […]
Renewable energy firm DRI has secured financing for the construction and operations of its Vacaresti solar park in Romania. DRI, UniCredit and Garanti BBVA have signed an agreement for non-recourse loans of up to EUR 60 million to finance the construction and operations of the Vacaresti solar park in Romania. DRI is Ukraine-based DTEK’s renewables […]
Coal deliveries to thermal power plants in the first half of the year reached 73% of the plan, while only 43% of the overburden excavation target was achieved, warned Sanel Buljubašić, CEO of Bosnia and Herzegovina’s state-owned power utility Elektroprivreda Bosne i Hercegovine (EPBiH). Increasing coal production is the only way to stabilize the energy […]
Hydropower plant operator Hidroelektrarne na Spodnji Savi will build two solar power plants with a combined capacity of 9.2 MW near its Brežice hydropower plant. It picked Končar as the contractor. Two new photovoltaic facilities in the pipeline are the continuation of investments in solar near the Brežice hydropower plant. Hidroelektrarne na Spodnji Savi (HESS), […]
The newly purchased wind and solar projects in Romania and Bulgaria will bring much higher returns than ones in the Greek market, claims George Alexopoulos, Deputy Chief Executive Officer of HELLENiQ Energy. HELLENiQ Renewables Romania, operating under Greece-based HELLENiQ Energy, bought a wind project in Scânteiesti in Galaţi in eastern Romania, with a licensed capacity […]