PPC Group has published its financial results for the first quarter of 2025, reporting an adjusted EBITDA of 450 million euros. The figure reflects the impact of seasonal factors, particularly unfavorable weather conditions in Greece and Romania that reduced renewable energy output. Lower rainfall and weak wind conditions led to a decline in generation across […]
Greek Alpha Bank has committed to financing the construction of four new solar power plants in Greece, with a total capacity of 267 megawatts. These projects will be developed by local subsidiaries of the investment fund managers Foresight and Mirova. The financing package, coordinated solely by Alpha Bank, includes support from Greece’s Recovery and Resilience
Greece: Alpha Bank backs €316 million solar power investment Read More »
A meeting was recently held at the headquarters of power utility EPBiH, bringing together key representatives from the energy sector to address the ongoing legal unbundling of electricity distribution from other energy-related activities. This separation, however, depends on amendments to existing legislation, as the creation of new distribution companies cannot proceed under the current legal
French renewable energy company Akuo Energy has finalized a power purchase agreement (PPA) with Serbia’s state-owned utility EPS for the Bela Anta 2 wind farm. The agreement covers the full 80 MW capacity of the project and includes responsibilities for network balancing. Bela Anta 2 is developed by Matrix Power, a wholly owned subsidiary of
The Romanian Ministry of Energy has announced a public call for expressions of interest to conduct a comprehensive study aimed at identifying and mapping potential offshore wind farm zones in the Black Sea. This initiative supports Romania’s broader strategy to prepare for maritime concessions dedicated to offshore wind energy development. The study’s primary goal is
A Romanian company owned by Ukraine’s DTEK group is set to receive final approval for commercial operation of its 60 MW Glodeni Solar power plant, which has been connected to the national electricity grid since January. The plant is operated by DRI, a DTEK subsidiary dedicated to expanding renewable energy projects within the European Union.
Romania: Solar power plant Glodeni Solar nears final approval for commercial operation Read More »
Rompetrol Rafinare, part of the KMG International Group, posted a consolidated net loss of $37.3 million in the first quarter of 2025, up from a $23.8 million loss during the same period in 2024. The worsening financial results were primarily driven by volatility in international crude oil and bio-component prices, combined with seasonal declines in
According to the Ministry of Environmental Protection, the Croatian company Suncana Elektrana Rasinja has submitted a request for an Environmental Impact Assessment (EIA) for a solar power project with an installed capacity of 61.8 MW. The planned solar facility will occupy approximately 57.7 hectares within the municipality of Rasinja in northern Croatia. It is expected
On 20 May, a total of 264,855 guarantees of origin (GOs) were sold in auctions organized by HROTE and ENNA Next. The auctions, held in parallel through CROPEX’s IT trading platform, offered GOs from wind and biogas power plants. These auctions help track renewable electricity production and support the green energy market.
The Institute of Energy for Southeastern Europe (IENE) has issued a warning about the risk of widespread power outages across the region during the upcoming summer months due to rising electricity consumption. This alert follows a similar blackout event last June that impacted Albania, Montenegro, Bosnia and Herzegovina, and parts of Croatia. In its analysis,
Region: SEE faces summer blackout risks amid rising electricity demand and aging grid Read More »
