Croatia: INA and Energean to invest €71 million in Irena gas field development

Croatian oil company INA and Energean have agreed to invest in the development of the Irena gas field, located in the northern Adriatic within the Izabela exploration block. The total capital investment is set at €71 million, with Energean contributing €50 million and INA providing the remaining €21 million. Energean holds a 70% working interest […]

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Croatia: INA Group reports strong H1 2025 results with 21% profit growth

Croatia’s INA Group posted a net profit of €54.3 million for the first half of 2025, reflecting a 21% increase compared to the same period last year. The growth was driven by higher natural gas prices, increased retail sales, expanded customer services, and stronger non-fuel margins. Revenues rose to €1.84 billion, marking a 5% year-on-year

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Bulgaria: United Group launches second solar power plant

United Group has officially commissioned its second solar power plant in Bulgaria—an 8 MW facility located near the village of Barakovo in the Kocherinovo municipality. This development represents another milestone in the company’s ongoing expansion of clean energy infrastructure across southeastern Europe. The plant features 11,466 bifacial solar panels, each with a capacity of 700

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Bosnia and Herzegovina: Sun Electricity seeks concession for €117.5 million solar power plant in Nevesinje

Local company Sun Electricity has submitted a request to the Government of the Republic of Srpska for a concession to develop a solar power plant near Nevesinje, in the Herzegovina region. The proposed project, named Zlatac 1, is estimated at €117.5 million. The plant would have an installed capacity of 110 megawatts and is expected

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Europe: ERS rules out electricity price hike in Republic of Srpska

Luka Petrovic, General Director of the state-owned power utility ERS, announced that there are no plans to increase electricity prices in the Republic of Srpska. He emphasized that the electricity system is expected to remain stable in the coming period, eliminating the need for any price adjustments. Petrovic highlighted that ERS has implemented several measures

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Europe: EU boosts fossil fuel power as wind and hydropower decline in early 2025

A sharp decline in electricity output from wind and hydropower plants prompted the European Union to increase its reliance on gas and coal generation in the first half of 2025. This shift led to the largest annual rise in fossil-fuel electricity production since 2017 and caused a 9 percent increase in carbon dioxide emissions compared

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Region: Heatwave drives SEE electricity prices to summer highs in Week 30 of 2025

In Week 30 of 2025, electricity market prices rose significantly across most Southeast European (SEE) countries compared to the previous week. All markets recorded weekly average prices above €100/MWh, with the exception of Türkiye. This marked the highest price point since the start of summer. The price increase was mainly attributed to elevated electricity demand

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Serbia plans to more than double gas imports from Azerbaijan to 1 billion cubic meters annually

The Serbian Energy Ministry has announced intentions to increase annual gas imports from Azerbaijan to 1 billion cubic meters, a rise of over 2.5 times the current agreement of 400 million cubic meters. Negotiations for new supply contracts are expected to begin soon, as existing agreements run through 2026 with an annual cap of 400

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