Chinese company LONGi Green Energy Technology has signed an agreement to provide over 430,000 Hi-MO 9 BC modules for the 282 MW Corbii Mari solar power plant, developed by Israel’s Nofar Energy. Located in Dâmbovița County, the facility is scheduled to begin operations in 2026. It is expected to generate around 380 GWh of electricity […]
Romania: LONGi to supply solar modules for largest photovoltaic project Read More »
Romanian state-owned gas company Romgaz has officially terminated its contract with Spain’s Duro Felguera for the long-delayed Iernut natural gas-fired power plant. The Board of Directors approved the decision on 11 September, citing repeated failures by the contractor to meet obligations and deadlines. A termination notice was sent the same day, with the decision to
Romania: Romgaz terminates contract with Duro Felguera for Iernut gas plant Read More »
Hungarian Minister of Foreign Affairs and Trade, Peter Szijjártó, stated that the recent European Court of Justice ruling will not delay or obstruct the construction of two new reactor units at the Paks nuclear power plant. He emphasized that the court’s decision was directed against the European Commission, as it annulled an earlier ruling concerning
Hungary confirms Paks II nuclear expansion on track despite EU Court ruling Read More »
In August 2025, the average electricity bill for Montenegrin households was €39.45, down 1.8% from July (€40.19) and 10.8% lower than August 2024 (€44.22). The lowest average monthly bill was recorded in Pljevlja (€19.4), while Ulcinj had the highest at €71.3. Breaking down consumption: 59.11% of households paid less than €30, 18.53% between €30 and
Montenegro: Average household electricity bills drop in August 2025 Read More »
Hungarian energy company MOL, in partnership with Dutch-owned O&GD, has started production from a new oil discovery near Galgaheviz at a depth of approximately 2,400 meters. The Galgaheviz-4 well delivers around 1,000 barrels of crude per day, which will be processed at MOL’s Szazhalombatta refinery. The well is expected to contribute roughly 0.5% of MOL
Hungary: MOL and O&GD begin production from new Galgaheviz oil well Read More »
Greece’s upcoming combined cycle gas turbine power plant in Larissa, valued at nearly €600 million, is drawing strong competition from three major Greek groups and one foreign bidder. The project is being developed by the Greek-Israeli consortium DEPA-Clavenia. Tender documents, covering procurement, construction, and commissioning, were issued at the end of July, with final bids
Greece: Major Greek-Israeli consortium advances 600 million euro Larissa gas power plant Read More »
The Greek electricity distribution operator DEDDIE (HEDNO) reported a significant reduction in electricity losses, dropping to 10.9% in 2024 from 11.36% in 2023—the first notable decline after years of challenges. The improvement is attributed to a combination of targeted measures, including advanced algorithmic models to detect electricity theft, increased technical staffing, modernized inspection training, and
Greece cuts electricity losses through anti-theft measures Read More »
The Bulgarian government will provide state guarantees for loans totaling €127.3 million to support Bulgartransgaz’ investment in the Vertical Gas Corridor. The cabinet approved draft agreements with Investbank and United Bulgarian Bank to finance the expansion of the country’s natural gas transmission system. The loans, set to be disbursed by 15 December, will partially fund
Bulgaria approves state-guaranteed loans to expand gas transmission network Read More »
A new study highlights that Saharan dust events (SDEs) are having a major impact on solar electricity production across the Mediterranean, raising concerns about the reliability of renewable energy in the region. Researchers from the Hungarian Research Network’s Research Centre for Astronomy and Earth Sciences, in collaboration with the University of Pannonia, analyzed the effect
Region: Saharan dust significantly reduces solar power output Read More »
European natural gas prices remained relatively stable in early September, supported by coordinated global LNG imports that maintained adequate storage levels across the continent. Although European gas inventories were 16% lower than last year, rising US LNG exports and expanded terminal bookings helped ensure supply security for European consumers. TTF gas futures on the ICE
European gas prices stable in early September as LNG supplies and storage support market Read More »
