During the week of December 15, Brent crude oil futures for the Front Month on the ICE market experienced fluctuations, reaching their weekly maximum settlement price of $60.56 per barrel on Monday, December 15. This represented a slight 0.9% decline compared to the last session of the previous week. Prices continued to fall, hitting the […]
During the third week of December, average electricity prices rose in most major European markets compared to the previous week. The Nord Pool market in the Nordic countries was the exception, falling by 32%. Among the increases, Germany’s EPEX SPOT market recorded the smallest rise at 1.4%, while the UK’s N2EX market saw the largest
During the week of December 15, electricity demand rose across most major European markets compared to the previous week, reversing the downward trend seen earlier. The German market was the exception, experiencing a second consecutive week of decline, with demand falling by 3.1%. The British and Portuguese markets recorded the largest increases, at 4.9% and
Europe: Electricity demand rises mid-December before forecasted decline Read More »
During the week of December 15, solar photovoltaic (PV) energy production declined across most major European electricity markets compared to the previous week. The Italian market experienced the steepest drop, falling by 41%, followed by the French and Spanish markets with decreases of 26% and 19%, respectively. The Portuguese market saw the smallest reduction at
Serbia has emerged as a leader in energy market integration among Energy Community members, becoming the first non-EU country to meet the technical and legal requirements for linking its electricity market with the European Union. Serbian Minister of Energy and Mining, Dubravka Djedovic, stated that Serbia has completed the full harmonization of its electricity legislation
Serbia becomes first non-EU country to align electricity market with EU standards Read More »
Romania’s solar capacity has expanded further with the commissioning of the Vacaresti solar power plant, a 126 MW project developed by DRI, the renewable energy arm of Ukrainian DTEK. With the facility now producing electricity, DRI’s operational portfolio in Romania has grown to nearly 300 MW. Construction of the Vacaresti project progressed rapidly, reaching completion
Romania’s energy transition in the Oltenia region has entered a new phase, with construction underway on a portfolio of utility-scale solar projects totaling roughly 550 MW. The developments are being carried out jointly by OMV Petrom and the state-owned electricity producer Energy Complex (EC) Oltenia. The projects span four locations historically linked to coal-based electricity
Romania launches 550 MW solar projects in Oltenia to accelerate energy transition Read More »
Montenegrin state-owned power utility EPCG has made a key step toward constructing the Otilovici small hydropower plant (SHPP) by selecting the winning bid in a public procurement valued at 6.8 million euros. The tender, conducted as an open procurement process, covers the full delivery of the project, including detailed design preparation, civil construction, supply and
Montenegro: EPCG selects Vigoris Ecotec to build Otilovici 2.6 MW small hydropower plant Read More »
Hungary’s largest gas wholesaler, MVM, has revealed that it has reserved significant import capacity at Croatia’s LNG terminal on the island of Krk as a precaution against a potential cutoff of Russian gas supplies. The arrangement would allow the company to import up to one billion cubic meters of gas per year through the terminal
A large-scale solar development in Hungary has secured its core technology supplier, as engineering and construction specialist Solarpro awarded a major module contract to Chinese manufacturer LONGi. The project, located in Heves county, is set to become one of the largest single solar installations planned in the country. Under the agreement, LONGi will supply modules
Hungary: Solarpro secures LONGi modules for 450 MW solar project in Heves County Read More »
