Most wind investors entering Southeast Europe believe that warranties are a safety net: if something breaks, the OEM fixes it, the EPC honors its obligations, and the project continues generating electricity with minimal disruption. On paper, this is correct. In reality, the story is far more complex. The hidden world of warranty claims, defect disputes, […]
A decade ago, the role of an Owner’s Engineer in Southeast Europe was straightforward: review designs, monitor construction, check compliance, and hand over a set of completion certificates. That world no longer exists. The complexity of today’s wind assets, the volatility of electricity markets, and the intensifying pressure on investors to deliver predictable cashflows have
For many investors entering the Southeast European wind market, EPC selection appears on the surface to be a straightforward process: identify a reputable contractor, negotiate a fixed-price contract, embed performance guarantees, and proceed. Yet the more one works in Serbia, Croatia, Montenegro, and Romania, the clearer it becomes that EPC contractors operate in a hidden
Serbia has significantly increased fuel imports in 2025, bringing in more petrol during the first eight months of the year than in all of 2023 and 2024 combined, while diesel imports have also risen sharply. Tomislav Micović, Secretary General of the Association of Oil Companies of Serbia, said the country still has the capacity to
Serbia breaks fuel import records in 2025 amid logistical challenges Read More »
North Macedonia’s energy regulator announced that the new 44 MW Dren wind farm, located in Demir Kapija, has entered its trial phase. Nearly three years after Turkish investor Kaltun Enerji contracted YEO Teknoloji to build the initial section of the project, the facility has become the country’s third operational wind farm. Between January and November
North Macedonia: New 44 MW Dren wind project boosts renewable capacity Read More »
The Energy Regulatory Commission of the Republic of Srpska (RERS) has reportedly requested Government approval to introduce new electricity network fees, which would increase by approximately 20%. Because network charges account for roughly half of the total electricity bill, such an adjustment would result in an overall price increase of about 10% beginning 1 January,
The Ugljevik thermal power plant has once again been forced to shut down after exhausting its coal supplies, with the unit disconnected from the grid on the evening of 7 December. Acting director of RiTE Ugljevik, Žarko Novaković, confirmed that the plant remains offline and emphasized that neither the facility nor its coal storage sites
Bosnia and Herzegovina: Coal shortages force another shutdown at TPP Ugljevik Read More »
A subsidiary of power utility ERS “Hidroelektrane na Drini”, the operator of the Visegrad hydropower plant, announced that the facility generated 96.83 GWh of electricity in November 2025. This represents a 155% increase compared to October, when production totaled 37.91 GWh. In the same month last year, the plant generated 54.34 GWh. HPP Visegrad has
Bosnia and Herzegovina: HPP Visegrad posts 155% production surge in November Read More »
Hungarian Foreign Minister Peter Szijjártó announced that Hungary and Slovakia will file legal action next week before the Court of Justice of the European Union, challenging the EU’s proposed ban on importing Russian oil and natural gas. Szijjártó stated that Brussels plans to introduce a resolution next week that would impose a complete ban on
Hungary and Slovakia challenge EU plan to ban Russian oil and gas Read More »
The landscape of renewable finance in Southeast Europe has undergone a profound transformation. A decade ago, lenders viewed the region with a degree of caution, shaped by fluctuating regulatory frameworks, limited track records, and the perceived fragility of local institutions. Today, that caution is rapidly giving way to renewed engagement. International banks, development finance institutions,
