Romania: Nuclearelectrica seeks €540 million loan for Cernavoda Unit 1 refurbishment

Romanian power producer Nuclearelectrica plans to secure a €540 million credit facility from a bank syndicate led by JP Morgan to finance the refurbishment of Unit 1 at its Cernavoda nuclear power plant. The company’s management is currently seeking shareholder approval to proceed with the loan agreement, with full details of the syndicate’s structure and […]

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Bulgaria: Sofia to generate clean energy with in-pipe hydropower turbines

The municipal government of Sofia has approved a project to install hydropower turbines within its existing water supply system. This initiative was formalized through a Memorandum of Cooperation signed by Mayor Vasil Terziev and Francois Deberg, Regional Director of Veolia’s local water division. Mayor Terziev emphasized that the project supports Sofia’s vision of becoming a

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Bosnia and Herzegovina: FBiH sees drop in electricity production in June 2025 amid rising coal output and imports

In June 2025, the Federation of Bosnia and Herzegovina (FBiH) recorded a gross electricity production of 471 GWh, marking a decrease of 8.4% compared to June 2024, when production reached 514 GWh. Hydropower plants contributed 29.51% to the total gross electricity production, thermal power plants accounted for 62.63%, and wind farms made up 7.86%. Net

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Region: Naftogaz launches first gas imports from Azerbaijan via Trans-Balkan Corridor

Naftogaz Group has signed its first supply agreement with SOCAR Energy Ukraine, a subsidiary of Azerbaijan’s SOCAR group, to import natural gas from Azerbaijan using the Bulgaria-Romania-Ukraine corridor. Before starting regular deliveries, the company conducted a trial shipment of gas via the Trans-Balkan route. Naftogaz CEO Sergii Koretskyi stated that although the volume was small,

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Europe: Fossil fuel and carbon markets show mixed signals amid supply shifts and economic uncertainty

Brent oil futures for the Front Month on the ICE market declined in most sessions during the fourth week of July, marking the second consecutive week of losses. The only exception was Thursday, July 24, when the settlement price rose by 1.0% compared to the previous day. The weekly high was recorded on Monday, July

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Europe: Electricity prices drop across most European markets in late July amid lower demand and rising wind output

In the fourth week of July, average electricity prices declined in most major European markets compared to the previous week. Exceptions included the EPEX SPOT markets of the Netherlands and Germany, as well as the Nord Pool market covering the Nordic countries, which experienced price increases of 0.9%, 1.2%, and 20%, respectively. The MIBEL markets

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Europe: Electricity demand declines amid cooler weather during third week of July

During the week of July 21, electricity demand decreased in most major European electricity markets compared to the previous week. The most significant declines were observed in the Spanish and Belgian markets, with drops of 7.3% and 6.7%, respectively. The smallest reductions were recorded in Portugal and Italy, where demand fell by 1.6% and 1.7%.

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European renewable energy trends: Solar declines, wind gains in late July

During the week of July 21, solar photovoltaic energy production declined across the main European electricity markets compared to the previous week. The largest drop was observed in the German market, where production fell by 21%. Portugal registered the smallest decrease, with a reduction of 2.0%. Other markets also experienced declines: Italy by 8.1%, Spain

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Slovenia: Electricity generation drops sharply in June 2025 amid decline in thermal and hydro output

According to data from the Statistical Office of the Republic of Slovenia, the country’s net electricity generation in June 2025 dropped by 25 percent compared to the same month in 2024. Total net production for the month amounted to 1,145 gigawatt-hours (GWh), which also represents an 8 percent decline from May 2025. Thermal power plant

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Serbia: Government eyes takeover of delayed Plandište wind project to boost renewable goals

The Serbian Government has expressed interest in taking over the Plandište wind power project, currently jointly owned by Serbian oil company NIS and Swiss-based MET Renewables. The news surfaced after a recent NIS Board of Directors meeting, during which board members acknowledged the state’s readiness to collaborate with MET Renewables to complete the development. The

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