The Interconnector Greece-Bulgaria (IGB) natural gas pipeline is planned to be expanded to five billion cubic meters per year from three billion. The non-binding assessment phase is underway. ICGB, the operator of the IGB interconnection, targets an...
Romanian engineering and technology company Simtel will install a battery energy storage system in Romania for Turkey-based Güriş. With a storage capacity of up to 196.4 MWh and an installed power of up to 98.6 MW, it would be one of the largest batt...
Electricity consumption by end consumers in Serbia increased 2.7% last year, while production decreased 6.7%, according to the 2024 annual report of the Energy Agency of the Republic of Serbia. Higher consumption and lower production led to a 15% ris...
Montenegro’s power utility Elektroprivreda Crne Gore will take out a loan of EUR 50 million to purchase electricity to supply consumers in the country. The Government of Montenegro, upon the proposal of the Ministry of Finance, has issued an approval...
Even with a quota for the regulated electricity market in Bulgaria, low electricity prices pushed TPP Maritsa East 2 into a loss last year. It is the only state-owned coal power plant. The financial report for 2024 showed a loss of EUR 52 million for...
Record solar power production, backed by yet insufficient energy storage capacity, helped maintain the stability of the electricity system in Europe during the latest heatwave, Ember said. Many nuclear and other thermal power plants reduced their act...