Montenegro commissions Ubli 1 solar power plant to boost sustainable energy transition

Montenegro has officially put into operation its largest ground-based solar power plant, Ubli 1, located in the settlement of Ubli. With an investment of nearly 5 million euros, the plant is expected to produce about 8 GWh of clean electricity each year. It is projected to cut carbon dioxide emissions by more than 5,500 tons […]

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Bosnia and Herzegovina: Republic of Srpska prepares concession for Trebinje wind farm project with Chinese company

The Government of the Republic of Srpska is preparing to award a concession for the construction and operation of Trebinje wind farm to the Chinese company China Power PTE through direct negotiations, bypassing the usual public bidding process. The investment, estimated at more than 750 million euros, represents one of the largest renewable energy projects

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Region: SEE electricity prices soar amid supply constraints and shifting demand in early June 2025

In Week 23 of 2025, electricity market prices surged across nearly all Southeast European (SEE) countries except Türkiye, driven by higher gas and CO₂ prices alongside reduced wind energy production. Prices started the week near €100/MWh, then gradually declined below €100/MWh, ending around €60/MWh on Sunday, June 8. All SEE countries saw double-digit electricity price

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Europe: Fossil fuel and carbon markets rise in early June amid supply concerns and maintenance impacts

Brent oil futures for the Front Month in the ICE market recorded their lowest settlement price of the week, $64.63 per barrel, on Monday, June 2. Prices increased during most sessions throughout the first week of June, reaching a weekly high of $66.47 per barrel on Friday, June 6. This value was 4.0% higher than

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Europe: Rising electricity prices in early June driven by demand and lower renewable output

In the first week of June, average prices in most major European electricity markets rose compared to the previous week. The only exceptions were the Nord Pool market of the Nordic countries and the EPEX SPOT market of France, which experienced price decreases of 1.8 percent and 39 percent, respectively. The MIBEL market of Portugal

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Europe: Electricity demand rises in early June, driven by holiday recovery and temperature shifts

During the first week of June, electricity demand increased in most major European markets compared to the previous week. Germany recorded the largest rise in demand, with an increase of 6.3 percent, while Spain showed the smallest growth, at 0.9 percent. Other markets, including Italy, France, Belgium, and Great Britain, also registered demand increases ranging

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European solar and wind energy trends in early June: Records amid fluctuations

During the week of June 2, solar photovoltaic energy production decreased in the main European markets compared to the previous week. France registered the largest decline, with a drop of 22 percent, while Spain showed the smallest decrease, at only 0.3 percent. In Italy, Germany, and Portugal, solar production fell by 2.4 percent, 8.9 percent,

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Serbia: Construction begins on new 400 kV transmission line connecting Obrenovac and Bajina Bašta

Construction has officially started on a new 400 kV dual-circuit transmission line linking Obrenovac to Bajina Bašta, marking a major advancement in Serbia’s energy infrastructure. This project, initiated near the Obrenovac substation, is part of the wider Trans-Balkan Corridor and aims to improve regional electricity transmission capacity and system stability. Stretching over 109 kilometers, this

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