Europe: EU renewable electricity share drops in early 2025 despite solar surge

In the first quarter of 2025, 42.5 percent of net electricity generated in the European Union came from renewable energy sources. Compared with the first quarter of 2024, this represents a decrease of 4.3 percentage points, down from 46.8 percent. Although electricity generation from solar increased significantly from 40.9 terawatt-hours in the first quarter of […]

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Geopolitical tensions and heatwaves drive European gas prices to 11-week highs in mid-June 2025

European gas prices increased by 11.4% during the week of June 16–22, 2025, driven by geopolitical tensions in the Middle East, increased cooling demand amid hotter-than-usual weather, and reduced wind power generation across the continent. On June 19, the TTF futures for the month ahead, traded on the ICE exchange, reached €41.6/MWh, marking the highest

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Electricity prices surge across SEE and Europe in Week 25 amid rising demand and gas costs

In Week 25 of 2025, electricity market prices rose sharply across all Southeast European (SEE) countries compared to the previous week, with average prices exceeding €80/MWh. This increase was driven by a rise in gas prices—whose futures reached their highest settlement level since April 3—and by higher demand caused by rising temperatures. The week started

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Serbia nears completion of first large-scale wind farm as Kostolac project enters final phase

Serbia is on the verge of launching its first large-scale wind power facility under the state-owned power utility EPS, with construction of the Kostolac wind farm entering its final stage. Minister of Mining and Energy, Dubravka Djedovic, announced that trial operations are expected to begin this autumn. The Kostolac wind farm, boasting a total installed

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Romania: Eurowind Energy to build 220 MW solar park in Dâmbovița County

Danish renewable energy developer Eurowind Energy has announced plans to develop a large-scale solar park in Visina, Dâmbovița County. With an installed capacity of 220 MW, this will be the company’s largest project in Romania and one of the biggest solar ventures in the country. The investment is estimated at nearly 175 million euros. The

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Montenegro: CGES declares 5 million euro dividend amid continued investment plans

Montenegrin electricity transmission system operator CGES will distribute a gross dividend of 5 million euros to its shareholders, following approval at the company’s annual general meeting. The dividend payout comes after financial statements confirmed a net profit of 24.8 million euros for the previous fiscal year. The remaining 19.8 million euros will be retained as

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North Macedonia: Energy consumption and production overview in April 2025

In April 2025, total electricity consumption in North Macedonia reached 460,185 MWh. Natural gas consumption totaled 6.79 million cubic meters, coal consumption was 305,848 tons, and petroleum products consumption stood at 101,241 tons, according to the State Statistical Office. Domestic electricity production covered 73.6% of the consumed electricity in April. Nearly all coal consumed (99.9%)

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Croatia: Zagreb public institutions switch natural gas supplier to MET Croatia Energy Trade

Gradska plinara Zagreb-Opskrba (GPZO) will no longer supply natural gas to public institutions in Zagreb, marking another setback after losing its position as the primary household gas supplier last year. Following an extensive evaluation of bids for a public procurement contract valued at 14.5 million euros, a new supplier has been chosen. The contract was

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Bosnia and Herzegovina: EBRD to finance 85 MW of new solar power plants

The European Bank for Reconstruction and Development (EBRD) plans to provide €50 million in financing to support the development, construction, and operation of eight new solar power plants across the Federation of Bosnia and Herzegovina (FBiH). These plants will have a combined installed capacity of 85 MW. The loan will be extended to the state-owned

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Slovenia: MOL reconsiders operations amid new fuel price regulations

Hungarian energy company MOL has raised concerns over Slovenia’s recent changes to fuel pricing regulations, warning that the new policy could destabilize the fuel market and compromise supply security. In a public statement, MOL announced it is reviewing its planned investments and business activities in Slovenia, though no specific decisions have been disclosed yet. The

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