Swiss energy storage company Energy Vault has signed an agreement to provide up to 2 GWh of battery capacity for solar projects in Romania owned by Turkish firm Astor Enerji. The partnership combines Energy Vault’s large-scale storage expertise with Astor’s recent entry into the Romanian renewable energy market. Astor Enerji acquired four solar projects in […]
PPC Renewables Romania has commenced turbine installation at the Deleni wind project in Vaslui County, marking the start of what will become the largest wind farm in Romania’s Moldova region. Once completed, the facility will feature 23 wind turbines with a combined installed capacity of 140 MW. The project employs GE Vernova turbines rated at
Romanian state-owned electricity producer Energy Complex (EC) Oltenia, the country’s largest coal-based power generator under the control of the Ministry of Energy, has initiated the process of transferring its lignite-fired power plants and associated mining operations into a newly established subsidiary. This coal-focused entity is part of a broader restructuring and decarbonization plan approved by
French renewable energy developer Qair has strengthened its presence in Eastern Europe by securing a total of 135.5 MW of wind power capacity in Romania and Moldova. In Moldova, the company finalized a power purchase agreement for a 27.5 MW wind farm, awarded through the country’s first competitive renewable energy auction. Meanwhile, in Romania, Qair
Hungary’s Paks II nuclear project is entering a critical phase this November, when Rosatom, the Russian state-owned nuclear company, is scheduled to pour the first concrete for two new 1,200 MW reactors. This milestone marks the transition from preparatory groundwork to full-scale construction and is widely regarded in the nuclear industry as the official start
Hungary: Paks II nuclear project set to begin major construction phase in November Read More »
Europe is preparing for the upcoming winter season amid reduced Russian pipeline supplies following the halt of transit through Ukraine. Currently, the only active route for Russian gas into the EU is via TurkStream, passing through Bulgaria. Gas traders closely followed meetings between US President Donald Trump, Russian President Vladimir Putin, and later Ukrainian President
During the third week of August, Brent oil futures for the Front Month on the ICE market reached their weekly low of $65.79/bbl on Tuesday, August 19, before climbing to a weekly high of $67.73/bbl on Friday, August 22, marking a 2.9% increase from the previous Friday. Early-week optimism over potential peace talks in Ukraine
During the third week of August, average electricity prices fell in most major European markets compared to the previous week. The exception was the Nord Pool market in the Nordic countries, which saw a 60% increase. The MIBEL market, covering Spain and Portugal, recorded the largest percentage decline at 18%. Other markets analyzed by AleaSoft
Europe: Electricity prices fall in most markets during third week of August Read More »
During the week of August 18, electricity demand declined in most major European markets compared to the previous week. Portugal experienced the largest drop at 6.9%, continuing a downward trend for the third consecutive week. Spain saw the second-largest decrease at 5.7%, following two weeks of rising demand. In contrast, the UK recorded the smallest
During the week of August 18, solar photovoltaic (PV) energy production in the Portuguese market rose by 1.2% compared to the previous week. In contrast, the Spanish, Italian, German, and French markets experienced declines. The French market recorded the largest drop at 23%, followed by a 12% decrease in Germany. Both markets reversed a three-week
Europe energy update: Mixed solar and wind trends across major markets in August 2025 Read More »
