Greece: EIB approves €25.9 million green financing for Iberdrola’s Gatza wind farm

The European Investment Bank (EIB) has approved a green financing package of €25.9 million to support the construction of a new wind farm in central Greece by Spanish energy company Iberdrola. The Gatza wind farm will be situated across the municipalities of Orchomenou and Lokron in the Viotia and Fthiotida regions. Upon completion, the project […]

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Greece and Egypt sign MoU to advance GREGY subsea electricity interconnection project

Greece’s and Egypt’s electricity transmission system operators, ADMIE and EETC, have formalized cooperation with ELICA, a subsidiary of the Copelouzos Group, through a newly signed Memorandum of Understanding (MoU) on the GREGY project. The agreement advances the GREGY electricity interconnection project, a planned subsea link between Egypt and Greece, which is recognized as both a

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Croatia: US sanctions targeting NIS prompt JANAF to secure licenses for continued crude oil transport

Earlier this year, the U.S. Department of the Treasury introduced sanctions targeting Russia’s energy sector, which are now being applied to Serbian oil company NIS. This affects NIS’s crude oil transport agreement with Croatian pipeline operator JANAF, valid from 1 January 2024 to 31 December 2026. Under the contract, NIS reserved pipeline capacity under a

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Bulgaria: Alexandroupoli LNG terminal to restore capacity, securing gas supplies and supporting regional energy corridor

The liquefied natural gas (LNG) terminal in Alexandroupoli, Greece, is preparing to increase its operations after being out of service since January due to a booster pump malfunction. Bulgartransgaz, Bulgaria’s natural gas transmission operator, reported that the facility is expected to restore 75% of its processing capacity starting 1 October, with full output of around

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Bulgaria secures €50.5 million financing for Bulgartransgaz to expand gas transmission network

The Bulgarian government has finalized a state-backed guarantee agreement with Investbank to support a long-term loan of €25 million for the state-owned gas transmission operator Bulgartransgaz. The agreement, signed on 16 September, is intended to fund the expansion of Bulgartransgaz’s transmission network as part of the broader Vertical Gas Corridor program, which connects gas operators

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Bulgaria sees 7% rise in electricity production in 2025, renewables gain significant share

According to data from the Bulgarian electricity transmission system operator (ESO), electricity production in Bulgaria between January 1 and September 28, 2025, increased by 7.1% compared to the same period in 2024, reaching a total of 30.08 TWh. During the same period, electricity consumption in the country rose by 5.3%, amounting to 27.93 TWh. This

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Serbia seeks solution to US sanctions on national oil company NIS

Finance Minister Sinisa Mali stated that discussions are ongoing with both Russian and US representatives to find a solution that safeguards the interests of Serbian citizens. He stressed that Serbia did not trigger these sanctions and must ensure that its energy security is not compromised. The government’s priority, according to Minister Mali, is to prevent

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Romania: Nuclearelectrica awards 42.7 million euro contract to expand Cernavoda spent fuel storage facility

Nuclearelectrica has awarded a major contract to the partnership of Concelex and Bog’Art for the expansion of the spent fuel intermediate storage facility at the Cernavoda nuclear power plant. Valued at 42.7 million euros, the contract covers the construction of six new storage modules and the installation of a high-capacity gantry crane. The project includes

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Croatia: HEP ESCO launches 5.3 million euro tender for 90 rooftop solar projects

HEP ESCO has launched a public tender worth 5.3 million euros for the construction of 90 solar power plants on the roofs of its facilities across Croatia. Companies can submit bids until 3 November. The tender is divided into five regional groups covering the entire country. The first group targets Zagreb and surrounding areas, with

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Croatia: CROPEX launches CRODAX hourly reference index for day-ahead market

With the launch of 15-minute products on 30 September, CROPEX has introduced the hourly reference index CRODAX for the day-ahead market. CRODAX represents the hourly index of the day-ahead market, reflecting the average price for each hour. It is calculated as the arithmetic mean of all 15-minute price intervals within that hour. It is important

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