During the fourth week of April 2025, Brent oil futures for the Front Month in the ICE market saw fluctuations. Prices reached their weekly peak on Tuesday, April 22, settling at $67.44 per barrel. However, by April 23, they dropped by 2.0%, hitting a weekly low of $66.12 per barrel. In the final two days […]
Europe: Brent oil, TTF gas and CO2 futures show mixed trends in April 2025 Read More »
During the fourth week of April, average electricity prices in most major European markets saw an increase compared to the previous week, with the highest price rises occurring during the earlier days of the week. However, prices dropped over the weekend, leading to a nearly unchanged weekly average for the EPEX SPOT market in Germany,
Europe: Price hikes in European markets in April, May sees drop Read More »
During the fourth week of April, electricity demand saw a decline across most major European markets. Italy experienced the largest drop, with a decrease of 14%, followed by Portugal and France, which recorded decreases of 6.0% and 3.4%, respectively. Belgium and Germany showed the smallest declines, with 0.6% and 0.5% reductions. Germany’s demand continued its
During the week of April 21, solar photovoltaic energy production saw increases across all major European electricity markets, reversing the declines observed the previous week. The Portuguese market experienced the highest growth, rising by 62%, followed by Italy and Spain, with increases of 38% and 33%, respectively. The German market saw the lowest growth at
The second phase of the revitalization of Serbia’s Bajina Basta pumped-storage hydropower plant (HPP) is progressing smoothly, with equipment dismantling completed and testing currently underway. HPP Bajina Basta plays a vital role in the operations of Electric Power Industry of Serbia (EPS) and the country’s national electricity grid. The refurbishment aims to enhance the plant’s
Engie Romania has acquired a fully permitted, ready-to-build 54 MW wind power project in Mereni, Constanța County, furthering its goal of reaching 1 GW of renewable energy capacity by 2030. Construction of the Mereni wind farm is set to begin later this year, with operations expected to commence in 2027. Once operational, the facility is
Engie Romania acquires 54 MW wind project as part of 1 GW renewable goal Read More »
ENEVO Group has successfully completed and commissioned a large-scale solar power facility in Teiuș, Alba County, on behalf of Danish investor Eurowind Energy. With a total installed capacity of 68.99 MW, the plant is expected to generate over 103 GWh of green electricity annually—enough to supply more than 25,000 Romanian households. A key feature of
Romania commissions largest PNRR-backed solar power plant in Teiuș Read More »
Hungary has taken a significant step in modernizing its energy infrastructure with the signing of a contract to build a new combined cycle gas turbine (CCGT) power plant at the Tiszaujvaros site, part of MVM Group’s Tisza power plant complex. The project, awarded to a consortium consisting of Italy’s Ansaldo Energia and Turkey’s Calik Holding,
Hungary moves ahead with construction of Tiszaujvaros gas power plant Read More »
Austrian renewable energy company RP Global has launched construction of a 21 MW solar power plant in Novalja, located on the Croatian island of Pag. This project marks the company’s first foray into solar energy in Croatia, building on its earlier investments in wind farms in Danilo (Šibenik hinterland) and Rudine (Dubrovnik area). The Novalja
Croatia: RP Global begins construction of first solar power plant Read More »
The development of Units 7 and 8 at Bulgaria’s Kozloduy nuclear power plant is moving steadily forward, with the final investment decision expected in 2026, according to Petyo Ivanov, CEO of the project company NPP Kozloduy New Build. This decision will mark a critical milestone for the project, determining whether the expansion proceeds into the
Bulgaria: Key investment decision for Kozloduy nuclear expansion expected in 2026 Read More »
