Romania: Wind CfD auction signals strong investor confidence and cost efficiency

Romania’s latest Contracts for Difference (CfD) auction for wind projects delivered prices significantly below the ceiling set by national authorities, reflecting strong investor confidence and a growing pool of competitive, mature projects. The Ministry of Energy had targeted at least 290 MW for this round, but nearly 316 MW ultimately secured contracts, reinforcing momentum in […]

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Hungary: Oil supply remains secure despite Ukrainian strike on Druzhba pipeline

Prime Minister Viktor Orban announced that Hungary’s oil deliveries remain uninterrupted, despite another Ukrainian strike on the Druzhba pipeline. He said that he had spoken directly with MOL leadership, who confirmed that the section serving Hungary continues to function normally. PM Orban emphasized that the country’s oil supply remains fully secure. The Druzhba pipeline is

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Europe: Slovakia secures EU concessions on Russian gas imports deadline

Slovakia has obtained concessions in the European Union’s draft regulation that aims to end Russian gas imports by autumn 2027. According to Economy Minister Denisa Sakova, the provisional agreement reached between the Council of the EU and the European Parliament now allows Slovakia to continue using its long-term gas supply contract with Russia for an

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Europe: Gas prices fall to 18-month low amid milder weather and strong LNG supply

European natural gas prices declined in Week 48, as forecasts indicated warmer-than-expected temperatures, reducing anticipated heating demand. TTF month-ahead prices settled below €30/MWh for the first time since May 2024, marking an 18-month low despite a recent cold spell. TTF futures for January 2026 delivery traded near €29/MWh throughout the week. Prices started at €29.904/MWh

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SEE electricity market Week 48: Prices rise amid higher demand and shifts in renewable & thermal generation

During Week 48 of 2025, electricity prices across Southeast Europe (SEE) increased moderately compared to Week 47, driven primarily by higher regional demand, despite cheaper TTF gas and rising wind output. Except for Türkiye, all SEE markets recorded weekly average prices above €100/MWh, bringing the regional average to around €118/MWh. Türkiye (+22.9%) and Hungary (+20.93%)

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OX2 Romania expands wind portfolio with acquisition of 235 MW projects

OX2 Romania, the local subsidiary of Swedish OX2 Group, has acquired three new wind projects totaling 235 MW from Future Power, further expanding its footprint in Romania’s rapidly growing renewable energy sector. The new sites are located in the Vaslui and Vrancea counties, bringing OX2’s Romanian portfolio to over 1.1 GW. The company now manages

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Romania: Electrica reports strong profit growth in first nine months of 2025

Romanian electricity distributor and supplier Electrica posted a net profit of €168 million in the first nine months of 2025, marking a 177% increase compared to the same period in 2024. At the group level, EBITDA surged 63.1%, rising by €134 million to €346.5 million, up from €212.5 million a year earlier. This growth was

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Bosnia and Herzegovina: Ugljevik coal mine and thermal power plant update

The Ugljevik coal mine and thermal power plant (RiTE Ugljevik) has not yet started extracting coal from the Ugljevik-Istok 2 deposit, as the company’s shareholders have not yet approved all required resolutions. According to RS Minister of Energy and Mining Petar Djokic, a shareholders’ assembly is scheduled for 16 December, where the company must formally

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