Montenegrin state-owned power company EPCG is set to launch a new tender in August for the small hydropower plant (SHPP) Otilovici, two years into a procurement process that has been canceled twice. Along with the new call, EPCG is considering involving international financial institutions as funding partners to ensure a bankable project. If the procedure […]
Data from Greece’s electricity transmission system operator ADMIE show a sharp acceleration in solar growth on the transmission network, challenging wind power’s long-standing dominance and raising concerns over midday overgeneration, curtailments and downward pressure on market prices. Renewable capacity on the transmission grid has reached 7,741 MW, supported by 699 MW of pumped-storage hydro. Wind
Greece: Solar surge in narrows wind’s lead, raising grid and market challenges Read More »
LNG Hrvatska has marked the arrival of the 125th cargo at the Krk LNG terminal, delivered by the LNG carrier Assos operated by Capital Gas. Although the operator did not reveal the shipment’s origin or destination, vessel tracking indicates it departed from the Freeport LNG terminal in Texas, USA. The terminal reached its 100th cargo
Croatia: Krk LNG terminal receives 125th cargo as capacity expansion nears Read More »
Blue 1, a 50 MW solar power plant developed by Albanian companies Matrix Konstruksion and Blessed Investment near Fier, generated 118 GWh of electricity in its first year of operation. According to operations and maintenance partner Abkons, the output matches the developers’ annual forecast and can supply around 14,750 households. The facility has been fully
ICGB, the operator of the Greece-Bulgaria gas interconnector (IGB pipeline), will launch two new cross-border capacity routes to improve regional energy security and expand direct transmission access from northern Greece to Ukraine. The new pathways, Route 2 and Route 3, were developed in cooperation with the transmission system operators of Greece, Bulgaria, Romania, Moldova and
In the first week of August, Brent oil Front Month futures on the ICE market reached a weekly high of $68.76 per barrel on Monday, August 4. Settlement prices then followed a downward trend through Thursday, August 7, when they hit the weekly low of $66.43 per barrel, the lowest since June 6. On Friday,
Europe: Brent oil and TTF gas prices fall in early August while EU CO2 futures rise Read More »
In the first week of August, average electricity prices fell in most major European markets compared to the previous week. The exceptions were Italy’s IPEX market and Spain and Portugal’s MIBEL market, which rose by 3.5%, 57%, and 59%, respectively. The largest percentage drop was recorded in the Nordic Nord Pool market, down 76%. Other
In the week of August 4, electricity demand fell in most major European markets compared to the previous week. The largest declines were in Great Britain, down 7.1%, and Italy, down 6.9%, while Germany registered the smallest drop at 0.5%. France and Portugal saw decreases of 1.5% and 2.2%, respectively. In France, Italy, and Great
Europe: Electricity demand falls in early August but forecasts point to rebound Read More »
In the week of August 4, solar photovoltaic energy production increased across all major European electricity markets, continuing the growth trend from the previous week. The German market recorded the largest increase at 36%, followed by a 10% rise in the Italian market. The smallest increase was seen in the French market, at 0.1%, while
Europe: Solar power hits August records while wind production declines Read More »
Financing for the Bistrica pumped-storage hydropower plant was the main topic during a meeting between Serbia’s Energy and Mining Minister Dubravka Djedovic and a delegation from the Japan International Cooperation Agency (JICA). The discussion took place during JICA’s fourth expert mission to Serbia and reviewed preliminary project valuations prepared by the agency’s consultants. Minister Djedovic
