A consortium led by US financier Stephen P. Lynch, along with investor Fei Wang, has approached Bulgarian authorities to explore participation in a government-backed project aimed at doubling the capacity of the Chiren underground gas storage facility. Currently, Chiren stores mainly Russian gas and plays a crucial role in balancing seasonal demand fluctuations. The proposed […]
Slovenia’s Ministry for Cohesion and Regional Development has awarded over 4 million euros from the Just Transition Fund to HSE for the expansion of its Prapretno solar power plant, specifically phases 2 and 3. Once fully completed, the site’s total capacity will reach 10 MW. HSE has increasingly focused its investments on renewable energy, with
Slovenia: HSE secures funding for Prapretno solar expansion and new project in Zagorje Read More »
Shikun and Binui, a long-time player in Romania’s real estate sector and an expanding investor in renewable energy, has received a commercial operation permit for its first solar project in the country—a 71 MW solar power plant located in Satu Mare. With the permit in place, Shikun and Binui Energy Satu Mare can now register
Končar Group reported consolidated sales of 636.8 million euros in the first half of 2025, marking a 33% increase compared to the same period last year. Exports accounted for 71.5% of total revenue. The book-to-bill ratio stood at 1.4, pushing the order backlog to a record-high 2.3 billion euros. Net profit rose to 129.2 million
New records were set on CROPEX’s intraday continuous and intraday auction markets in July 2025. The trading volume of 60-minute products reached 239,472.8 MWh, while the total monthly volume on the intraday continuous market, including 15-minute products, amounted to 288,659.6 MWh. The trading volume for IDA2 reached 10,465.6 MWh. These record-breaking results on the intraday
Croatia: CROPEX sets new trading volume records on intraday markets Read More »
In the final week of July, Brent crude oil futures for the Front Month on the ICE market showed volatility. On Monday, July 28, prices hit their weekly low at 69.32 US dollars per barrel, before rising steadily and peaking at 72.47 dollars per barrel on Wednesday, July 30, the highest level since June 21.
Energy markets update: Oil, gas and CO₂ prices show mixed trends in late July Read More »
During the final week of July, average electricity prices declined across the major European power markets compared to the previous week. The smallest reductions were observed in the United Kingdom’s N2EX market and Italy’s IPEX market, with decreases of 4.9% and 5.0%, respectively. Meanwhile, the largest drop was recorded in the Nordic countries’ Nord Pool
Europe: Electricity prices decline in late July, mixed outlook for early August Read More »
During the week of July 28, electricity demand declined in the majority of key European power markets compared to the previous week. Italy experienced the largest decrease, with demand falling by 12%, while Spain recorded the smallest drop, just 0.8%. Germany, France, and the United Kingdom also saw decreases of 2.3%, 2.7%, and 2.8%, respectively.
Electricity demand drops across most major European markets in late July Read More »
During the week of July 28, solar photovoltaic (PV) energy production increased across most major European electricity markets, marking a reversal from the declining trend observed the previous week. France led the surge with an 8.6% rise in solar output, followed by Germany with a 2.9% increase. Spain saw a modest 1.3% boost, while Italy
The desulphurization facility at the TENT B thermal power plant is nearing the end of its construction phase. Civil works have been completed, and commissioning is underway with staged testing of individual components. The initial release of flue gases and limestone slurry through Absorber B1 was successfully conducted, with a similar trial for Absorber B2
