Uncategorised Archives - Page 3 of 11 - Balancing Energy

Romania: EBRD bought a minority share package in Premier Energy

Energy company Premier Energy started trading on the Bucharest Stock Exchange after an initial public offering that valued the company at 2.4 billion RON (482 million euros). The European Bank for Reconstruction and Development announced it is taking an equity stake in the company to support investments in renewable energy generation capacity in Romania and […]

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Serbia: Nofar starts building a 26 MW solar park

Nofar Energy started the construction of a 26 MW solar park in north Serbia, divided into two units that would be connected to the distribution network. The project is worth around 25 million euros. The company said it would complete it before the end of the year. Two units have connection approval for 9.999 MW each from

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Montenegro: Offshore wind potential estimated at 2.3 GW

A Study on the Resource Viability of Offshore Wind Energy in Montenegro, authored by Miloš Bogdanovic and Špiro Ivoševic at the Faculty of Maritime Studies, University of Montenegro, suggests the country has potential for more than 2.2 GW of offshore wind. The authors of the study investigated areas in the Adriatic suitable for the construction of offshore windfarms. Seven

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North Macedonia: The Energy Community approves Nomgas as TSO

The Energy Community Secretariat published its opinion on the certification of Nomgas, the gas transmission system operator of North Macedonia. The opinion largely supports the certification of Nomgas in line with the Energy and Water Services Regulatory Commission of the Republic of North Macedonia’s (ERC) preliminary decision. In its opinion, the Secretariat recommended that, in the

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Romania: EC Oltenia to renegotiate the restructuring plan with the European Commission

The Oltenia Energy Complex wants a renegotiation of its restructuring plan with the European Commission, the president of the Competition Council, Bogdan Chirițoiu, said. Regarding the Jiu Valley, he said that the European Commission wants the Romanian authorities to respect the decisions they have taken. Too little coal is extracted from Jiu Valley, so little that

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Europe: Average weekly electricity prices ranged from 25 to 96 euros/MWh

According to AleaSoft Energy Forecasting, in the fourth week of May, prices in most major European electricity markets increased between Monday, May 20, and Friday, May 24. Although prices fell over the weekend, the weekly averages of all analyzed markets rose compared to the previous week. The Nord Pool market of the Nordic countries reached the highest percentage

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Europe: CO2 emission allowance futures reached 74.2 euros/MWh in week 21

According to AleaSoft Energy Forecasting, CO2 emission allowance futures in the EEX market for the reference contract of December 2024, reached their weekly minimum settlement price, €74.22/t, on Monday, May 20. However, this price was already 5.0% higher than the last session of the previous week and 6.3% higher than the previous Monday. On Tuesday, May 21, these futures

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Europe: TTF gas futures exceeded 34 euros/MWh in week 21

Accordin to AleaSoft Energy Forecasting, TTF gas futures in the ICE market for the FrontMonth, in the fourth week of May continued with the price increases initiated in the last sessions of the previous week. On Monday, May 20, they registered their weekly minimum settlement price, €31.77/MWh, which was already 7.4% higher than the previous Monday.

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Europe: Wind energy production decreased in week 21

Accroding to AleaSoft Energy Forecasting, in the fourth week of May, wind energy production declined in most major European markets compared to the previous week, reversing the upward trend of the previous week. The decreases were 49% in the German market, 41% in the Portuguese market and 30% in the Spanish market. The exceptions were the

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Europe: Solar energy production increased in week 21

According to AleaSoft Energy Forecasting, in the week of May 20, prices in the main European electricity markets rose following increases in gas and CO2 prices. TTF gas and CO2 futures reached the highest values since the first half of December 2023 and January 2024, respectively. Even so, most markets registered negative hourly prices, primarily

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