Hungary: Paks II nuclear project set to begin major construction phase in November

Hungary’s Paks II nuclear project is entering a critical phase this November, when Rosatom, the Russian state-owned nuclear company, is scheduled to pour the first concrete for two new 1,200 MW reactors. This milestone marks the transition from preparatory groundwork to full-scale construction and is widely regarded in the nuclear industry as the official start […]

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Europe faces winter energy challenges amid reduced Russian gas supplies and rising security risks

Europe is preparing for the upcoming winter season amid reduced Russian pipeline supplies following the halt of transit through Ukraine. Currently, the only active route for Russian gas into the EU is via TurkStream, passing through Bulgaria. Gas traders closely followed meetings between US President Donald Trump, Russian President Vladimir Putin, and later Ukrainian President

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Europe: Brent oil, TTF gas and CO2 futures rise amid Ukraine tensions and supply concerns

During the third week of August, Brent oil futures for the Front Month on the ICE market reached their weekly low of $65.79/bbl on Tuesday, August 19, before climbing to a weekly high of $67.73/bbl on Friday, August 22, marking a 2.9% increase from the previous Friday. Early-week optimism over potential peace talks in Ukraine

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Europe: Electricity prices fall in most markets during third week of August

During the third week of August, average electricity prices fell in most major European markets compared to the previous week. The exception was the Nord Pool market in the Nordic countries, which saw a 60% increase. The MIBEL market, covering Spain and Portugal, recorded the largest percentage decline at 18%. Other markets analyzed by AleaSoft

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Europe: Electricity demand declines in most markets during week of August 18, forecast mixed for late August

During the week of August 18, electricity demand declined in most major European markets compared to the previous week. Portugal experienced the largest drop at 6.9%, continuing a downward trend for the third consecutive week. Spain saw the second-largest decrease at 5.7%, following two weeks of rising demand. In contrast, the UK recorded the smallest

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Europe energy update: Mixed solar and wind trends across major markets in August 2025

During the week of August 18, solar photovoltaic (PV) energy production in the Portuguese market rose by 1.2% compared to the previous week. In contrast, the Spanish, Italian, German, and French markets experienced declines. The French market recorded the largest drop at 23%, followed by a 12% decrease in Germany. Both markets reversed a three-week

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Slovenia: Net electricity generation drops 21% in July 2025 amid higher imports and mixed energy supply trends

According to data from the Statistical Office of the Republic of Slovenia, the country’s net electricity generation in July 2025 fell by 21% compared to the same month last year. Total net generation reached 1,095 GWh, a 4% decrease from June 2025. Electricity production at thermal power plants dropped 70% year-on-year, while hydropower output declined

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Romania: Natural gas imports surge in H1 2025, domestic production set to grow through 2027

According to data from the National Institute for Statistics (INS), natural gas imports in the first half of 2025 reached 1.066 million tons of oil equivalent, representing a 52.6% increase, or 439,900 tons more than the same period in 2024. In contrast, domestic natural gas production during this period totaled 3.731 million tons of oil

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Romania opens new wind farm auction after previous tender falls short of 2 GW target

Romania’s Ministry of Energy has announced a new call for expressions of interest from developers to include additional wind farms in the upcoming Contracts for Difference (CfD) auction. This follows the previous tender, which awarded just 1.26 GW of wind capacity out of a 2 GW target. The Ministry is targeting projects that are sufficiently

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Montenegro: EPCG launches tender for main design of 41.8 MW Krupac solar power plant

Montenegro’s state-owned power company EPCG has launched a tender to select a contractor for the main design of the Krupac solar power plant, with an estimated contract value of 125,000 euros. The plant is planned on the shore of Krupac Lake near Nikšić, with technical documentation outlining a total installed capacity of 41.8 MW. EPCG

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