Montenegro plans 50 MW Brijestovo solar power plant in Danilovgrad

Montenegro is preparing to construct a new solar power plant in Danilovgrad municipality. The planned Brijestovo solar facility will have a total installed capacity of 50 MW. The solar panels will be spread across an area of about 45.45 hectares in the settlements of Slap and Brijestovo. The site comprises several cadastral parcels, including a […]

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Croatia: INA reports 2024 net profit of 156 million euros and approves 120 million euro dividend distribution

Croatian oil company INA presented its consolidated and unconsolidated financial reports for 2024 at this week’s General Assembly meeting, alongside the independent auditor’s report. In 2024, INA reported a net profit of just over 156 million euros. From this amount, about 7.8 million euros will be placed into statutory reserves. The company plans to distribute

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Croatia adds 10 MW Dugopolje solar power plant to national grid

Croatia’s electricity network has been strengthened by the addition of the Dugopolje solar power plant, which has a capacity of 10 MW. The project marks another milestone in the country’s ongoing expansion of renewable energy. The solar facility was developed by Koncar, with state-owned HEP Proizvodnja serving as the investor. The entire project was implemented

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Serbia revises energy infrastructure plan, prioritizing solar over wind projects

Serbia has revised its Baselines of the Energy Infrastructure Development Plan and Energy Efficiency Measures for the period up to 2028, with projections extending to 2030. The document sets out priority projects in the energy sector. The original plan was adopted in mid-2023 at the proposal of the Ministry of Mining and Energy. In the

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Albania: Gramozi Green Energy plans 38 MW photovoltaic plant in Kolonja

Albania’s energy ministry announced it has received an expression of interest from the local renewable energy company Gramozi Green Energy to construct a 38 MW photovoltaic plant near the southeastern town of Kolonja. The project is a fully private investment and will not benefit from any government partnership or incentives, according to a notice from

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Bulgaria: EIB to support transition from coal to clean energy at Maritsa East Complex

Bulgaria will receive advisory support from the European Investment Bank (EIB) for the greening of the Maritsa East Complex, one of Europe’s largest coal-fired power sites. The power plant produces up to 35 per cent of the country’s electricity. According to the agreement that was signed, EIB Advisory will collaborate with the Bulgarian Ministry of

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Montenegro: EPCG seeks international partner for Komarnica hydropower project

Montenegro’s state-owned power utility Elektroprivreda Crne Gore plans to include an international partner in the development of the Komarnica hydropower project. The company cited the experiences of Norway, Austria, and France. The plant, with a proposed capacity of 172 MW, is expected to have an annual production of around 213 GWh. Elektroprivreda Crne Gore (EPCG)

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Region: Greece-Bulgaria gas interconnector transports over 34.5 million MWh since commercial launch

Since its commercial launch at the end of 2022, the Greece-Bulgaria Gas Interconnector (IGB) has transported more than 34.5 million MWh of natural gas, according to an announcement by the pipeline’s operator on June 6. During the summer months, the IGB covers over 60% of Bulgaria’s natural gas supply, while in the winter this drops

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Serbia seeks stable gas supply amid European push to cut Russian imports

Serbia should sign a long-term gas supply contract with Russia, according to Srbijagas Director Dušan Bajatović. The General Manager of Srbijagas stated that Serbia will negotiate a long-term agreement with Russia for the procurement of gas. “We will get a long-term contract. There is still a question of price. It will not be for less

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