Hungary: Electricity prices drop in April 2025 amid lower demand and market volatility

The average electricity price on Hungary’s day-ahead market (DAM), operated by the Hungarian Power Exchange (HUPX), fell significantly in April 2025. The average baseload price dropped to €85.46/MWh—22% lower than in March, when it stood at €108.90/MWh. The average peak price saw an even sharper decline, falling to €62.46/MWh, marking a 38% decrease compared to […]

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Greece: PPC advances 490 MW solar project at former Megalopoli coal site

Greece’s Public Power Corporation (PPC) has launched the second phase of its major 490 MW solar power project in Megalopoli, marking a significant step in the country’s transition from coal to renewable energy. Located in southern Greece, the site was formerly home to one of the country’s key lignite mining operations, now being repurposed as

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Croatia: HEP submits environmental impact assessment for 12 MW floating solar power plant

Croatia’s state-owned power utility HEP has taken a key step toward expanding its renewable energy portfolio by submitting an application for an environmental impact assessment (EIA) for a proposed floating solar power plant. According to the Croatian Ministry of Environmental Protection, the plant would have an installed capacity of 12 megawatts (MW) and be located

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Albania: Statkraft completes feasibility study for major pumped storage project

Norwegian renewable energy company Statkraft has completed a feasibility study for a proposed pumped-storage hydropower plant in Albania, which could have a capacity of up to 1,620 megawatts (MW). The project would expand upon the existing Moglica hydropower plant on the Devoll River, and the formal proposal has now been submitted to Albanian authorities for

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Europe: Aging power grids struggle to keep up with renewable energy boom

Europe’s electricity networks, many of which were built decades ago, are under increasing strain from the rapid growth of renewable energy and surging electricity demand. The risk of widespread disruptions, such as the recent blackout in Spain, underscores the urgent need for major infrastructure upgrades across the continent. Roughly half of Europe’s power grids are

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Europe: Electricity prices drop in early May amid increased wind and solar production

During the first week of May 2025, average electricity prices across major European markets dropped compared to the previous week. The Nord Pool market in the Nordic countries and the MIBEL market in Spain saw the largest percentage decreases, with prices falling by 59% in both cases. The UK’s N2EX market and Italy’s IPEX market

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Electricity demand drops across Europe in late April 2025, with Spain seeing largest decrease

During the week of April 28, 2025, electricity demand decreased across most major European markets. Spain experienced the most significant drop, with a 13% reduction, followed by France and Portugal, which saw declines of 11% and 8.6%, respectively. Other markets also saw a decrease in demand, including Great Britain (down 7.6%), Germany (down 4.1%), and

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Europe sees mixed solar and wind energy production trends in late April 2025

During the week of April 28, solar photovoltaic energy production saw significant increases in Germany and France, rising by 30% and 22%, respectively. Italy also saw a more modest increase of 6.5%. These markets continued their upward trend for the second consecutive week. However, in Spain and Portugal, production dropped considerably. In Spain, the decline

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Serbia: SEEPEX reports April 2025 trading volume and price trends on energy exchange

In April 2025, a total of 499,795.4 MWh of electricity was traded on the day-ahead market on the Serbian energy exchange SEEPEX, representing a 1.9% decrease compared to the previous month, with an average of 16,659.9 MWh/day. The traded volume in April 2025 was 5.9% higher than the same month last year. The average daily

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