Montenegro: EPCG and EBRD secure €25 million for Gvozd 2 wind farm expansion

Montenegro’s state-owned power utility EPCG and the European Bank for Reconstruction and Development (EBRD) have signed an additional 25 million euro loan to finance Gvozd 2, the expansion of the Gvozd wind farm. The upgrade will add three new turbines, increasing the project’s installed capacity to 75.6 MW — the highest for a single plant […]

Montenegro: EPCG and EBRD secure €25 million for Gvozd 2 wind farm expansion Read More »

Bosnia and Herzegovina: Republic of Srpska opens tender for 7.95 MW solar power plant near Trebinje

The Ministry of Energy and Mining of the Republic of Srpska has launched a tender for a concession to build and operate the SET 1 solar power plant near Trebinje. The planned facility will have an installed capacity of 7.95 MW and is expected to generate around 11.457 GWh of electricity annually. The investment is

Bosnia and Herzegovina: Republic of Srpska opens tender for 7.95 MW solar power plant near Trebinje Read More »

Europe: Gas prices hit 2025 lows on hopes of Ukraine ceasefire and softer supply conditions

European natural gas prices fell to their lowest point of 2025 on Monday, as intensified diplomatic efforts toward a potential Ukraine ceasefire raised expectations of looser supply conditions. At the TTF hub in Amsterdam, front-month futures dropped by more than 1.9 percent in early trading to 30.43 euros per megawatt-hour. Prices had already weakened late

Europe: Gas prices hit 2025 lows on hopes of Ukraine ceasefire and softer supply conditions Read More »

Europe: EU plans to end Russian LNG imports by 2028 as reliance persists in several states

The European Union imported around 4.48 billion euros worth of liquefied natural gas (LNG) from Russia in the first half of 2025, an increase from 3.47 billion euros in the same period of 2024, according to Eurostat. Total EU LNG imports between January and June 2025 amounted to about 26.9 billion euros, with the United

Europe: EU plans to end Russian LNG imports by 2028 as reliance persists in several states Read More »

Europe: Brent, TTF gas and EU CO2 futures fall amid supply, demand and geopolitical factors

During the second week of August, Brent crude oil Front Month futures on the ICE market remained below $67 per barrel. On August 13, they hit the week’s lowest settlement price of $65.63/bbl, the lowest since June 6. Prices rose on August 14 to the week’s maximum settlement of $66.84/bbl, following a 1.8% increase from

Europe: Brent, TTF gas and EU CO2 futures fall amid supply, demand and geopolitical factors Read More »

Europe: Electricity prices rise in Week of August 11 amid lower renewables and higher demand

During the second week of August, average electricity prices rose across most major European markets compared to the previous week. Italy’s IPEX market and the MIBEL market for Portugal and Spain recorded the smallest increases at 4.9%, 20%, and 22%, respectively. In contrast, the Nord Pool market in the Nordic countries saw the largest percentage

Europe: Electricity prices rise in Week of August 11 amid lower renewables and higher demand Read More »

Europe sees mixed electricity demand trends amid heat wave and holidays

During the week of August 11, electricity demand rose in most major European markets compared to the previous week. The British market recorded the largest increase at 12% following three consecutive weeks of decline. Belgium continued its upward trend from the previous two weeks, rising 6.2%. Germany and France reversed declines from the last two

Europe sees mixed electricity demand trends amid heat wave and holidays Read More »

Solar and wind energy trends in Europe: August 11–18 forecasts

During the week of August 11, solar photovoltaic (PV) energy production rose for the third consecutive week in the French and German electricity markets compared to the previous week. The French market experienced the largest increase, up 13%, while Germany saw an 8.0% rise. In contrast, solar PV production declined in Southern European markets, reversing

Solar and wind energy trends in Europe: August 11–18 forecasts Read More »

Serbia: CWP Europe commissions 6 MW rooftop solar system at Henkel facility

CWP Europe has completed and commissioned a 6 MW rooftop solar installation at Henkel Serbia’s Krusevac facility. The project, developed in partnership with Resalta and financed by UniCredit Bank, was delivered under an ESCO model, with CWP Europe serving as the principal investor. The system is now fully operational and is expected to generate approximately

Serbia: CWP Europe commissions 6 MW rooftop solar system at Henkel facility Read More »

Romania: Rompetrol Rafinare posts strong H1 2025 performance with higher production and exports

Rompetrol Rafinare reported strong operational and financial performance in the first half of 2025, driven by higher feedstock processing and increased fuel sales both domestically and internationally. The company continued to support fuel security in Romania and the wider Black Sea region. Combined crude and feedstock processing at the Petromidia and Vega refineries reached approximately

Romania: Rompetrol Rafinare posts strong H1 2025 performance with higher production and exports Read More »

Scroll to Top