Behind the kilowatts: The real economics of developing wind and solar in Serbia

Renewable energy development in Serbia has reached a stage where enthusiasm alone is no longer enough. Investors who once believed that solar could be built simply by acquiring land and signing EPC contracts have learned that the economics of development are far more complex. Wind developers who assumed that early resource assessments guaranteed long-term bankability […]

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Serbia’s renewable surge: How the country is quietly becoming a regional green-power leader

For years, Serbia’s energy landscape appeared frozen in time. Coal dominated generation, hydropower provided stability, and the idea of large-scale renewable deployment felt distant. Political caution, regulatory hesitation and infrastructural bottlenecks slowed momentum. Yet beneath the surface, a transformation was quietly gathering force. Over the past five years, Serbia has entered a phase that would

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Slovenia finalizes legal path for Velenje mine shutdown ahead of 2033 coal exit

The Slovenian Government has approved a draft law outlining the gradual shutdown of the Velenje coalmine, marking a major step toward fulfilling the country’s pledge to phase out coal by 2033. Natural Resources and Spatial Planning Minister Jože Novak explained that the proposal has been under development for an extended period, and the Ministry aims

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Serbia warns Pancevo refinery will shut down without new U.S. license

Serbian President Aleksandar Vučić announced that the Pančevo refinery, operated by oil company NIS, will be forced to halt operations on 2 December unless the United States grants a license allowing the company to continue working under the existing sanctions framework. President Vučić warned that, without this authorization, Serbia will need to secure alternative channels

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Romania breaks ground on 96 MW Ansthall wind farm, securing power for 89,000 homes

Construction is underway on a new 96 MW wind farm in eastern Romania, marking another milestone in the country’s accelerating shift toward renewable energy. The Ansthall wind farm, located in Galați County, is expected to produce around 309 GWh of electricity annually, enough to power approximately 89,000 households. The project will feature 15 Vestas turbines

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Romania secures €192 million EBRD package for 531 MW of new solar capacity

Romania’s renewable energy sector is poised for a significant expansion following a new financing agreement coordinated by the European Bank for Reconstruction and Development (EBRD). The Bank has arranged a €192 million loan package to support the development of three large-scale solar power plants with a combined installed capacity of 531 MW. The projects are

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Montenegro restarts TPP Pljevlja after €70 million environmental overhaul

Thermal power plant Pljevlja resumed operation on the morning of 30 November after completing an extensive, months-long reconstruction project worth 70 million euros. Acting EPCG CEO Bojan Djordan stated that the initial restart proceeded smoothly, adding that the coming period will be crucial in determining whether all newly installed systems function at the required standards.

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North Macedonia restores strategic oil pipeline to reduce import dependence

North Macedonia’s Government announced that the oil pipeline connecting Thessaloniki and Skopje is expected to return to service before the end of the year, ending more than a decade of inactivity. Prime Minister Hristijan Mickoski stated that the pipeline had deteriorated significantly after years without maintenance, but that rehabilitation works are now progressing steadily. Pressure

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Hungary: MOL restructures into full holding company to boost efficiency and strategic oversight

Hungarian oil and gas group MOL has secured shareholder approval to transition into a full holding-company structure, a move the company says will better reflect how its operations already function and bring it in line with global energy-sector standards. The restructuring aims to make MOL more agile in decision-making, more responsive to market shifts, and

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Hungary considers expanding energy footprint from Russia to Serbia’s NIS

During a meeting in Moscow between Russian President Vladimir Putin and Hungarian Prime Minister Viktor Orbán, the two leaders discussed the possibility of Hungary acquiring stakes in Russian oil companies impacted by the latest round of US sanctions. Russian Deputy Prime Minister Alexander Novak emphasized that Hungary has been a longstanding and reliable energy partner

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