Romania sees major growth in prosumers, total installed capacity hits 2.44 GW

By the end of January, Romania had reached a significant milestone with a total installed capacity of 2.44 GW from prosumers, reflecting a 63% increase compared to the previous year. The number of prosumers also surged by 79%, reaching 203,984, and this growth trend is expected to continue, fueled by the introduction of additional state […]

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Romania: Cerna-Belareca hydro project receives environmental approval, boosting energy independence

The environmental approval for the completion of the Cerna-Belareca hydro project has been granted by Romania’s Ministry of Environment, marking an important milestone in the country’s efforts to enhance energy independence. Located in the Baile Herculane, Mehadia, and Cornereva areas of Caras-Severin County, the project is set to increase Romania’s annual electricity generation by 40.2

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Croatia: Challenges and opportunities for geothermal energy development in Podravina basin

Croatia, particularly the Podravina basin, is situated above a vast geothermal reservoir with significant potential for renewable energy production. However, challenges persist for investors in the geothermal energy sector, including the absence of tenders for awarding premiums and the limited planned installed capacity of future power plants. On 28 March, INA began exploratory drilling at

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Bosnia and Herzegovina: RiTE Gacko issues tenders for key repairs and upgrades ahead of major overhaul

RiTE Gacko, the coal mine and thermal power plant, has announced a series of tenders in preparation for a significant overhaul planned for this year. The tenders are aimed at selecting contractors for various critical projects at the facility. One of the tenders focuses on repairs to the piping system of the boiler plant, with

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Russia’s gas exports to Europe via TurkStream see increase in early 2025, despite March decline

In the first three months of 2025, Russia increased its natural gas exports to Europe via the TurkStream pipeline by 16% compared to the same period in the previous year, reaching a total of 4.51 billion cubic meters. However, in March, exports dropped by 9.5% compared to February 2025, falling to 1.4 billion cubic meters,

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Serbia: Oil pipeline to Hungary set to boost diversification and lower costs by 2027

Serbian President Aleksandar Vučić has announced that the design phase for the new oil pipeline to Hungary will be completed by the third quarter of this year, with construction slated to begin in the fourth quarter. The pipeline is expected to be fully operational by the first quarter of 2027, with an investment estimated at

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Montenegro: CGES reports decline in net profit for 2024, despite reduced operating expenses

Montenegrin electricity transmission system operator, CGES, reported a net profit of 24.8 million euros in 2024, marking a decline from the previous year’s net profit of 35.7 million euros. The company’s net sales for the year amounted to 97.7 million euros, a 9.9% decrease compared to 2023. Despite the drop in revenue, operating expenses were

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Hungary: MOL completes acquisition of O&GD’s gas fields in Bekes County

MOL, Hungary’s leading oil and gas company, has announced the successful acquisition of O&GD’s gas fields near Endrod in southeastern Hungary, including the associated infrastructure. The site spans approximately 1,000 square kilometers and contains 29 active wells, currently producing hydrocarbons with a daily output of about 1,000 barrels. This acquisition is expected to significantly contribute

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