Bulgaria: IBEX power trading climbs in December as prices continue to soften

A total of 2,611,971.3 MWh of electricity was traded on the day-ahead market of IBEX in December 2025, representing a 9.4% increase compared to November. The average daily traded volume reached 84,257.1 MWh, although total monthly volume was still 3% lower year-on-year. The average baseload price in December stood at €117.25/MWh, down 3.5% from November, […]

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Bosnia and Herzegovina: Southern Gas Interconnection to redefine energy security and regional transit role

The construction of the Southern Gas Interconnection is expected to become the most important infrastructure investment in Bosnia and Herzegovina this year, according to energy expert Edhem Bičakčić, marking a historic turning point for the country’s gas sector and overall energy security. By linking Bosnia and Herzegovina to the European gas market through Croatia and

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Romania: Major Islamic financing secured for Mintia gas power plant

A significant financing milestone has been achieved for Romania’s Mintia gas-fired power plant after Emirates Islamic approved a $500 million structured funding package for Mass Group Holding. The deal ranks among the largest Islamic finance transactions linked to European energy infrastructure. The funding will support construction of the 1,700 MW Mintia plant in northwestern Romania,

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Montenegro launches major electricity transmission upgrade

Montenegro’s electricity transmission network is set for a significant transformation as the country’s transmission system operator, CGES, prepares an investment program exceeding €200 million over the next five years. The initiative aims to reinforce system reliability, expand cross-border connectivity, and enable the integration of new renewable energy projects. Recent investments have already delivered tangible results.

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Bulgaria hits a renewable milestone: Solar, wind and hydro surpass coal in electricity generation

Bulgaria’s electricity sector reached a historic milestone in 2025, as renewable energy sources became the country’s second-largest producer of electricity, surpassed only by nuclear power. For the first time, combined generation from solar, wind, hydropower, biomass, and waste exceeded output from coal-fired plants, signaling that the energy transition has moved from concept to reality. Data

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Bulgaria: Chevron and Quantum eye $22B bid for Lukoil’s international assets, shaking up SEE oil market

A major shift may be underway in the global oil market as US energy giant Chevron and private equity firm Quantum Capital Group prepare a joint bid for the foreign operations of Russia’s Lukoil. The proposed transaction is valued at approximately $22 billion, covering Lukoil’s assets outside of Russia. The move comes amid Lukoil’s efforts

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EU solar surges in 2025: Record growth highlights need for flexibility amid stagnant demand

Last year marked a turning point for solar power in the European Union, according to data from Eurelectric. Electricity generation from solar installations surged to more than 340 TWh, lifting solar’s share in the EU energy mix to a record 12.5 % and contributing to a reduction of overall emissions to around 45 % of

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The 400 kV Montenegro–Italy transmission corridor: Why it reshapes power trading between Italy and the Western Balkans

The 400 kV transmission link between Montenegro and Italy is not just another piece of cross-border infrastructure. It is a structural intervention in the Western Balkan–Italian power market, one that redefines price formation, balancing flows, investment logic and long-term system liabilities on both sides of the Adriatic. In practical terms, it turns Montenegro from a peripheral,

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