In Week 15 of 2025, electricity prices in most Southeastern European (SEE) countries saw a slight increase, with the exceptions of Italy and Greece. The price surge came as markets assessed the potential impact of new U.S. tariffs on energy and concerns about slowing global growth affecting demand, despite lower electricity demand and falling gas […]
Elektroprivreda Srbije (EPS) has successfully completed the installation of the 20th and final wind turbine at its first-ever wind farm in Kostolac, finalizing a renewable energy project with a total capacity of 66 MW. In parallel, all solar panels have been installed at the nearby Petka solar power plant, which is scheduled to be connected
Serbia: EPS completes wind and solar installations as part of green energy push Read More »
Electricity consumption in Romania rose during the first two months of 2025, even as domestic production saw a significant decline, according to data published by the National Institute for Statistics (INS). Total electricity consumption reached 8.83 TWh, representing a 2.3% increase compared to the same period in 2024. Industrial usage accounted for the majority, with
Romania: Electricity production drops despite increased consumption in early 2025 Read More »
Luxembourg-based renewable energy investor Alcazar Energy Partners has signed a development support agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to advance a major wind power project in North Macedonia. The agreement will provide development funding for the initial phase of the Stip wind farm, a 400 MW project
North Macedonia: Alcazar Energy and IFC partner on 400 MW wind project Read More »
Preparatory work is underway for seabed surveys in advance of a major undersea electricity interconnection project between Greece and Italy. The initiative aims to boost the transmission capacity between the two countries from the current 500 MW to 1,500 MW. These exploratory surveys are expected to begin soon and will be crucial in shaping the
Greece and Italy prepare for seabed surveys to triple power link capacity Read More »
According to the latest short-term energy statistics from the Croatian Bureau of Statistics, Croatia’s net electricity production in February 2025 totaled 1,185 GWh, marking a 6.8% decrease compared to 1,272 GWh produced in February 2024. Hydropower plants contributed the largest share, generating 499 GWh or 42.1% of total electricity. Thermal power plants followed with 344
Croatia: Electricity production drops in February 2025 amid increased imports Read More »
Deputy Prime Minister Atanas Zafirov has announced that Bulgaria will not sell the two nuclear reactors intended for the Belene nuclear power plant. Following discussions with members of the Joint Governance Council and GERB party leader Boyko Borissov, a consensus was reached to retain the reactors, which are considered strategic assets crucial to the country’s
Bulgaria confirms Belene nuclear reactors will not be sold Read More »
Last week, French renewables developer Voltalia officially commissioned the Karavasta solar power plant, the largest solar installation in both Albania and the Western Balkans, with a total capacity of 140 MW. The project marks a major step in Albania’s efforts to diversify its energy sources and expand its domestic production capacity. This milestone is part
Albania: Karavasta solar power plant powers renewable future Read More »
In the second week of April, settlement prices for Brent oil futures in the ICE market remained below $70 per barrel. On Tuesday, April 8, these futures reached their weekly minimum price at $62.82 per barrel, the lowest since April 7, 2021. However, a 4.2% increase in prices saw the futures reach their weekly peak
In the second week of April, electricity prices in major European markets remained generally stable, with small increases in most markets. However, the IPEX market in Italy saw a 10% decrease. The largest price increase was observed in the Netherlands’ EPEX SPOT market, which rose by 10%. Other markets experienced price hikes ranging from 0.8%
European electricity prices hold steady in April’s second week Read More »
