According to data released by the Bulgarian electricity transmission system operator ESO, electricity production in Bulgaria increased by 11.81% in the period from January 1 to June 1, 2025, compared to the same period in 2024, reaching a total of 17.79 terawatt-hours (TWh). During the same timeframe, Bulgaria’s electricity consumption rose by 7.82%, totaling 16.89 […]
Bosnia and Herzegovina (BiH) imported electricity worth 136.4 million euros during the first four months of this year, marking a dramatic increase compared to just 22 million euros in the same period last year. This represents a staggering 518% surge in import value, highlighting the country’s growing energy challenges. In fact, BiH imported more electricity
Bosnia and Herzegovina (BiH) is facing a serious financial challenge following the missed payment deadline for a significant debt owed by the coal mine and thermal power plant (RiTE) Ugljevik to Slovenia’s electricity transmission operator, ELES. The outstanding amount currently totals 67 million euros. If this issue remains unresolved, it could lead to an international
During the last week of May, settlement prices for Brent oil futures for the Front Month on the ICE market remained below $65 per barrel. The highest settlement price of the week was recorded on Tuesday, May 28, at $64.90 per barrel. Prices then declined, reaching the weekly minimum of $63.90 per barrel on Friday,
In the final week of May, average electricity prices declined in most major European markets compared to the previous week. However, prices rose in the Iberian Peninsula, France, and Italy. The MIBEL market in Portugal and Spain saw the largest percentage increases, with Portugal up by 163 percent and Spain by 207 percent. In France’s
During the week of May 26, electricity demand declined across most major European markets compared to the previous week. Germany recorded the largest decrease, with a drop of 4.9 percent, reversing the upward trend observed previously. France experienced the smallest decline, at 2.5 percent, marking the second consecutive week of reduced demand. Great Britain and
In the week of May 26, solar photovoltaic energy production increased in most major European markets compared to the previous week. Italy recorded the largest increase, with a 22 percent rise, while Portugal showed the smallest growth at 3.1 percent. France and Spain also saw increases of 4.8 percent and 14 percent, respectively. The Iberian
Turkish company Egesa Enerji has begun work on two solar power plant projects in Serbia’s Vojvodina province, in the towns of Aradac and Odzaci. The total installed capacity will be 8.6 MW—4.2 MW in Aradac and 4.4 MW in Odzaci. Local firm Solarna Energija Buducnosti will supply the necessary solar equipment, including photovoltaic panels, inverters,
Serbia: Egesa Enerji launches first solar projects with 8.6 MW capacity Read More »
Romania’s top oil and gas company, OMV Petrom, has resumed fuel production at its Petrobrazi refinery near Ploiesti after a scheduled 20-day shutdown. The pause was used for inspections, infrastructure upgrades, and maintenance work worth around 20 million euros. A key part of the overhaul included installing a new catalyst in the diesel hydrotreater unit
French renewables developer Valorem has completed its first wind energy project in Greece—a 27 MW wind farm on Mount Askio near Kozani. The site, once associated with lignite-based power generation, now hosts six Vestas V150 turbines, each with a capacity of 4.5 MW. Named Anatoliko Askio – Magoula, the wind farm is expected to generate
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