TenarisSilcotub, Romania’s top producer of small-diameter seamless pipes, has finalized the construction of a 20 MW solar power plant, marking a key milestone in its sustainability strategy. The $21.5 million project was funded through the company’s own resources and non-repayable European grants via the National Recovery and Resilience Plan. The electricity generated by the new […]
Greece is preparing to open a tender for offshore oil and gas exploration in the waters south of Crete by the end of April, Energy Minister Stavros Papastavrou announced at the 10th Delphi Economic Forum. The move follows a formal expression of interest from U.S.-based energy giant Chevron. Minister Papastavrou stated that the first government
Croatia has signed contracts totaling €125 million in non-refundable grants for two key energy initiatives under its National Recovery and Resilience Plan. These projects focus on the modernization and digital transformation of the national electricity transmission system, and the expansion of the liquefied natural gas (LNG) terminal on the island of Krk. The larger of
At the Delphi Economic Forum in Greece, Bulgarian Energy Minister Zhecho Stankov underscored the strategic importance of maximizing the use of existing gas infrastructure to enhance energy security across the region. He revealed that Bulgaria is close to sealing an agreement with Shell for natural gas exploration in the Black Sea, reflecting growing international interest
Luka Petrović, Director of Bosnia’s state-owned power utility ERS, reported a significant rise in electricity exports over the past month—a trend he expects to continue. The increase comes thanks to recent rainfall that greatly enhanced hydroelectric output, especially from the Drina and Vrbas hydropower plants (HPPs). This influx of water also helped replenish the Bileća
Bosnia and Herzegovina: ERS sees surge in electricity exports amid hydropower boos Read More »
In Week 14 of 2025, electricity prices across Southeast Europe (SEE) saw a slight decrease, driven by lower electricity demand, falling gas and CO₂ prices, and increased solar energy production. Although prices initially surpassed €100/MWh, they gradually dropped throughout the week. Notably, Croatia and Serbia experienced the largest price reductions, with decreases of -23.52% and
Region: SEE electricity market sees price drop and decline in demand in Week 14 of 2025 Read More »
Serbian oil company NIS is grappling with mounting challenges in securing crude oil from international suppliers, while facing a loss of domestic customers who are turning to alternative sources for fuel. The difficulties come as the company deals with growing pressure from forthcoming US sanctions. NIS plays a vital role in Serbia’s fuel market, supplying
Serbia: NIS faces supply struggles amid US sanctions pressure Read More »
Verbund Wind Power Romania, the Romanian arm of Austria’s energy group Verbund, has acquired a fully developed wind project from renewables developer Monsson. The project, located in Caras-Severin county, has a planned capacity of 272 MW and is expected to generate approximately 569 GWh of electricity annually. The transaction involves a ready-to-build project, with all
Romania: Verbund acquires 272 MW wind project from Monsson Read More »
In March 2025, electricity trading on North Macedonia’s day-ahead electricity exchange reached a total volume of 97,069.6 MWh. This represents a significant 44.9 percent increase compared to the 67,003.4 MWh recorded in March 2024, highlighting the continued development of the country’s electricity market. Despite the year-on-year growth, the traded volume was 15.3 percent lower than
Hungary has taken another step forward in its plans to expand the Paks nuclear power plant, as production begins on key components for two new reactor units. In Russia, fabrication is underway on the reactor vessel for Unit 6, while in France, the first parts of the turbine for Unit 5 are now being manufactured.
