A new stage in Greece’s offshore energy exploration has begun as ExxonMobil, Energean, and Helleniq Energy signed a farm-in agreement granting them joint ownership of 60% in Block 2 of the Ionian Sea, located northwest of Corfu. The signing took place in Athens during the Partnership for Transatlantic Energy Cooperation (P-TEC) meetings. The exploration plan […]
In October 2025, a total of 1,449,339.1 MWh of electricity was traded on the Croatian power exchange CROPEX, representing a 32.9% increase compared to September and a 90.2% rise year-on-year. Of the total, 1,203,268.5 MWh was traded on the day-ahead market and 246,070.6 MWh on the intraday market. The average daily baseload price on the
Croatia: CROPEX electricity trading surges 90% year-on-year in October 2025 Read More »
In October 2025, a total of 2,365,222.6 MWh of electricity was traded on the day-ahead market of the Independent Bulgarian Energy Exchange (IBEX), marking a 1.9% decrease compared to September. The average daily traded volume reached 76,297.5 MWh, down 2.2% year-on-year. The average baseload price rose sharply to 121.74 euros/MWh, up 29.8% from September’s 93.75
According to a new report from the European Commission, Bulgaria has made notable progress in diversifying its energy mix but remains significantly dependent on Russian energy imports. The report shows that solid fossil fuels accounted for 21% of Bulgaria’s total energy supply in 2021, down from 37% in 2010. During the same period, the share
In late October 2025, TTF gas futures remained relatively stable, trading in the €31–32/MWh range. The completion of maintenance at Norway’s Troll gas field and forecasts of mild, windy weather through mid-November were the main factors supporting steady prices. On the ICE exchange, TTF futures for December 2025 delivery were slightly lower compared to Week
During Week 44 of 2025, electricity prices in Southeast Europe (SEE) declined slightly compared to Week 43, driven by milder weather and reduced demand. Despite the drop, most SEE markets maintained average weekly prices above €100/MWh, with the exception of Türkiye. Regional average prices hovered around €105/MWh. Prices were relatively stable at the start of
Region: SEE power prices ease in Week 44 as demand and renewables decline Read More »
Israeli renewable energy company Econergy Renewable Energy has secured a €25 million project financing agreement with Vista Bank Romania to support its 56 MW Scurtu Mare solar power plant located in Teleorman County, southern Romania. The new financing facility will be used to partly refinance shareholder and bridge loans originally provided by Phoenix Group and
Romania: Econergy secures €25 million financing from Vista Bank for 56 MW solar project Read More »
Montenegrin state-owned power utility EPCG has completed the reconstruction and modernization of Unit A7 at the Perucica hydropower plant, marking a major milestone in extending the operational life of the country’s oldest hydropower facility. The upgrade has enhanced the plant’s reliability, efficiency, and operational flexibility, ensuring continued stable electricity production. The project involved a full
Prolonged drought and scarce rainfall have severely reduced water levels in North Macedonia’s reservoirs and hydropower plants. According to data from state-owned power utility ESM, the total stored energy currently amounts to just 124 GWh—only 21% of the country’s total reservoir capacity. At this time of year, hydropower facilities typically supply around a quarter of
North Macedonia faces critically low hydropower reserves amid prolonged drought Read More »
North Macedonian oil refinery OKTA, owned by Greece’s Hellenic Petroleum, reported a net profit of 7.3 million euros in the first nine months of 2025, up from 2.1 million euros in the same period last year. The company’s sales revenues reached 456 million euros during the period, representing an 18% decrease compared to 2024, while
North Macedonia: OKTA reports strong profit growth despite lower revenues in 2025 Read More »
