Serbia is positioning itself to regain greater influence over oil company NIS as part of a broader ownership reconfiguration involving GazpromNeft and Hungary’s MOL. Minister of Mining and Energy Dubravka Đedović stated that all assets majority-owned by GazpromNeft, including Petrohemija, will be addressed within the framework of a future purchase agreement for NIS. She explained […]
Serbian oil company NIS has been granted additional time to continue its operations after the United States extended its operating authorization until 20 February, according to the Office of Foreign Assets Control (OFAC). The temporary approval allows NIS to remain active but only under a strictly defined and restrictive framework. US authorities clarified that all
Serbia: US extends NIS operating license until 20 February under strict conditions Read More »
Montenegrin state-owned power utility EPCG has taken a significant step forward in expanding its renewable energy portfolio with the construction of a new small hydropower plant (SHPP), following the signing of a turnkey agreement with local engineering firm Vigoris Ecotech. The contract covers the complete project delivery, including detailed design, civil works, equipment supply, installation,
Montenegro: EPCG advances construction of Otilovići small hydropower plant Read More »
Montenegro has approved a major investment to strengthen and modernize its electricity transmission network, paving the way for a project valued at up to €15 million. The initiative focuses on reconstructing the critical 220 kV transmission line connecting Trebinje, Perucica, Podgorica, and Koplik, a backbone corridor for regional electricity flows. The line has been in
Montenegro approves €15 million project to modernize key 220 kV transmission line Read More »
Hungarian state-owned energy group MVM has begun work on a new utility-scale battery energy storage system at its Tiszaújváros energy complex, strengthening the site’s role in enhancing grid flexibility and balancing electricity generation. The project will deliver 31 MW of capacity with 62 MWh of storage, supporting the stability of the national power system. The
ContourGlobal has made its first entry into Greece’s renewable energy market by acquiring a portfolio of operational solar assets alongside a substantial pipeline of battery energy storage projects, marking a strategic step in the company’s broader European expansion focused on clean generation and system flexibility. The company has taken over an operating 37 MW solar
A large-scale hybrid renewable project is taking shape in central Greece following a new partnership between Metlen Energy & Metals and the Tsakos Group. The two companies have agreed to jointly develop a solar power plant combined with battery storage, positioning the project among the most ambitious hybrid renewable initiatives currently planned in the country.
Greece: Metlen and Tsakos Group Partner on major solar-plus-storage project Read More »
Electricity prices in Brčko District are set to increase following a decision by the State Electricity Regulatory Commission (DERK), which approved higher tariffs within the framework of universal electricity supply. The adjustment follows the completion of a formal price-setting procedure, which included a public hearing held in Brčko last year. The review was launched after
State-owned power utility EPBiH has taken an important step in expanding its renewable energy portfolio by formalizing new concession agreements with authorities from the Central Bosnia Canton. The agreements were signed by EPBiH CEO Sanel Buljubašić and the Canton’s Economy Minister Seđad Milanović, signaling strengthened institutional cooperation in the energy sector. The signed documents cover
Bosnia and Herzegovina: EPBiH expands renewable portfolio with new concession agreements Read More »
The Albanian Government has approved two new renewable energy projects that will add a combined 65 MW of capacity to the national electricity system. Proposed by local investors, these developments represent another concrete step in Albania’s effort to diversify its energy mix and reduce its heavy reliance on hydropower. The larger project is a 55
Albania approves new wind and solar projects adding 65 MW to renewable energy capacity Read More »
