Romania aims for 6.5 GW wind power capacity by 2028 amid Europe’s renewable energy surge

Romania is projected to reach 6.5 gigawatts (GW) of installed wind power capacity by 2028, with 3 GW expected to be added within the next three years, according to the Romanian Wind Energy Association (RWEA). This rapid growth is driven by a new generation of wind turbines that are three times more powerful than those […]

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Romania: Energy Regulator ANRE denies claims of discounted gas exports to Austria

Romania’s National Energy Regulatory Authority (ANRE) has strongly denied recent accusations that the country exports natural gas to Austria at discounted rates, allegedly disadvantaging Romanian consumers. In a public statement, ANRE rejected what it called misleading claims made by certain political figures, emphasizing that such narratives contradict Romania’s economic interests and energy security goals. According

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Montenegro: CEDIS launches €250 million investment plan to modernize electricity distribution network

Montenegro’s electricity distribution system operator, CEDIS, has unveiled an ambitious investment program aimed at modernizing the country’s electricity distribution infrastructure. The initiative, running through 2029, reflects CEDIS’s commitment to improving the reliability, efficiency, and sustainability of power delivery across the nation. Recognizing the need for enhanced service quality, CEDIS has set a strategic goal to

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Albania: ALPEX records 124.5 GWh of electricity traded in May 2025, down from previous year

The Albanian electricity exchange ALPEX reported that a total of 124.5 GWh of electricity was traded on the day-ahead market in May 2025. This marks a 2.6 percent decline compared to the previous month and a 7 percent decrease compared to May 2024. Of the total volume, 67.5 GWh was traded for the Kosovo bidding

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Europe: EU gas demand to fall by 7% by 2030 amid surge in renewables and electrification

A recent analysis by the think tank Ember projects that natural gas consumption in the European Union will decline by 7 percent by 2030. This expected decrease is being driven by the rapid expansion of renewable energy sources and a broader shift toward electrification across member states. Ember’s review of national energy strategies from EU

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Region: Hungary and Slovakia oppose EU plan to ban Russian gas imports by 2027

Hungary and Slovakia have voiced strong opposition to the European Union’s proposal to halt imports of Russian gas and liquefied natural gas (LNG), a measure that Brussels is preparing to formalize in the near future. Despite the objections raised by these two countries, the new legislation may still advance without their support. The European Commission

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Europe: Brent oil and TTF gas prices surge amid Middle East tensions and supply concerns

Brent oil futures for the Front Month on the ICE market recorded their lowest weekly settlement price at $66.87 per barrel on Tuesday, June 10. For most sessions during the second week of June, settlement prices stayed below $70 per barrel. However, on Friday, June 13, these futures rose by 7.0% compared to the previous

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Europe: Electricity demand rises in most markets amid rising temperatures in early June 2025

In the second week of June, electricity demand rose in most major European markets compared to the previous week. Italy experienced the largest increase at 12%, driven by a rebound in demand following the Republic Day holiday on June 2. France saw a 2.2% increase despite June 9 being the national Whit Monday holiday. Spain’s

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Record solar growth and mixed wind trends mark early June in European energy markets

During the week of June 9, solar photovoltaic energy production increased across most major European markets compared to the previous week. Germany saw the largest growth with a 41% rise, followed by France with a 38% increase. Italy’s production grew by 6.1%, while Spain experienced a modest 1.2% increase. Portugal, however, recorded its second consecutive

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