Croatia: Korlat solar power plant set to become largest renewable energy hub by 2026

The Korlat solar power plant, set to become operational in 2026, will be the largest solar facility in Croatia with an installed capacity of 99 MW. The project, valued at around 70 million euros, is expected to produce approximately 165 GWh of electricity annually, enough to supply about 50,000 households. As a hybrid energy park […]

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Bulgaria: Elliott Investment Management explores strategic acquisition of TurkStream assets and infrastructure

Hedge fund Elliott Investment Management is considering acquiring Bulgarian infrastructure assets, including a key section of the TurkStream gas pipeline, which is currently Russia’s only active gas route to Europe. The fund is also interested in related infrastructure such as data centers, cables, and other facilities linked to the pipeline. Although discussions remain preliminary, Elliott

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Europe: Energy commodity prices remain volatile in mid-May amid geopolitical and market influences

During the third week of May, Brent crude oil futures for the Front Month on the ICE market consistently settled above $65 per barrel in most trading sessions. The highest settlement price of the week was recorded on Tuesday, May 13, at $66.63 per barrel—the highest level since April 26. However, prices began to decline

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Europe: Electricity prices show mixed trends in mid-May amid shifts in renewable output and demand

During the third week of May, average electricity prices in the main European markets showed varied trends compared to the previous week. The Spanish MIBEL market and the French EPEX SPOT market recorded the highest percentage increases, with prices rising by 47 percent and 140 percent, respectively. Prices also increased in the UK’s N2EX market

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Europe: Electricity demand falls in mid-May as temperatures rise, with mixed outlook ahead

During the week of May 12, electricity demand declined in most major European markets compared to the previous week. Great Britain recorded the largest decrease, with demand falling by 3.7 percent. Germany and Italy followed, with decreases of 1.3 percent and 1.2 percent, respectively. Spain saw the smallest drop, at 0.8 percent. In contrast, Portugal,

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Europe: Solar and wind energy output surges in mid-May, with new records set

During the week of May 12, solar photovoltaic energy production increased across the main European electricity markets. France and Italy recorded the largest growth, with increases of 19 percent and 18 percent, respectively. The Iberian Peninsula experienced its second consecutive week of growth, with solar energy production rising by 9.2 percent in Spain and 13

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Serbia and Russia to resume gas contract talks as current agreement nears expiry

Dušan Bajatović, General Director of Srbijagas, announced that negotiations with Russia over a new gas supply agreement will resume next week. With the current arrangement set to expire on 31 May, discussions are focused primarily on determining the duration of the new contract. According to Bajatović, preliminary talks took place during President Aleksandar Vučić’s recent

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Serbia launches tender for consultancy services on €31.9 million biomass market development project

The Serbian Ministry of Mining and Energy has issued a public call for expressions of interest in providing consultancy services for a major initiative aimed at developing the biomass market in the country. The project, valued at €31.9 million, seeks to modernize and expand district heating systems using renewable energy sources, particularly biomass, in selected

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