Banca Transilvania is extending €28 million in financial support to Simtel, a leading Romanian renewable energy company, to complete the development of a solar power plant in Giurgiu. The funding package includes a €16 million investment loan and a €12 million bridge loan, enabling Simtel to finalize the project, which is currently about 80% complete. […]
Eximprod Group has successfully completed the construction of a 50 MW solar power plant in Ciorani, located in Romania’s Prahova County, marking a major milestone in the country’s renewable energy efforts. With an installed capacity of 49.5 MW, the solar facility is now undergoing final commissioning procedures and is in the process of being connected
Romania: Eximprod Group completes 50 MW solar power plant in Prahova Read More »
Hidroelektrane na Drini, a subsidiary of power utility ERS and operator of the Visegrad Hydropower Plant (HPP), reported a significant increase in electricity production for March 2025. The plant generated 120.21 GWh of electricity during the month, nearly doubling its February output of 63.97 GWh. Compared to March 2024, when production reached 103.63 GWh, this
Bosnia and Herzegovina: HPP Visegrad sees surge in electricity production in March 2025 Read More »
The State Oil Company of Azerbaijan (SOCAR) is set to launch natural gas supply operations in the Albanian city of Korca, marking the first phase of a larger initiative aimed at establishing a comprehensive gas distribution network throughout the city. The project will prioritize support for local businesses and enterprises. Albanian Prime Minister Edi Rama
Albania: SOCAR to begin supplying natural gas to Korca Read More »
In Week 16 of April 2025, Dutch gas prices saw a slight increase, despite the combination of warm temperatures and strong supply from Norway. TTF gas futures for contracts with delivery in May 2025 were slightly higher compared to the previous week but remained consistently below €40/MWh throughout the week. On Thursday, April 14, TTF
During Week 16 of 2025, electricity prices in the Southeast European (SEE) countries dropped across the board, influenced by a decline in electricity demand. Solar energy production also increased in most of the analysed markets. The week started with prices above €100/MWh but followed a downward trend throughout, ultimately dropping below €90/MWh by Sunday, April
In the third week of April, Brent oil futures for the Front Month on the ICE market continued to trade below $70 per barrel. The lowest settlement price was recorded on Tuesday, April 15, at $64.67 per barrel. However, prices increased in the last two sessions of the week, with the weekly maximum settlement price
During the third week of April, electricity prices in most major European markets dropped compared to the previous week. The largest declines were seen in the MIBEL market, which includes Portugal and Spain. Prices in Portugal fell by 59%, reaching €12.90/MWh, while in Spain, prices dropped by 56%, reaching €13.59/MWh. These prices were lower than
Europe: Electricity prices drop significantly in April, Iberian market hits record low Read More »
During the third week of April, electricity demand decreased across most major European markets. Spain saw the largest decline, with a 7.1% drop, followed by Germany at 4.3%, Belgium at 2.1%, Great Britain at 1.8%, and Italy at 0.9%. On the other hand, electricity demand increased in France and Portugal, with rises of 3.5% and
Easter week leads to lower electricity demand across most European markets Read More »
During the third week of April, solar photovoltaic energy production declined across major European electricity markets compared to the previous week. The most significant drop was recorded in Italy, where production fell by 26%, while Spain saw the smallest decrease at 2.6%. However, forecasts from AleaSoft Energy Forecasting indicate that solar energy output is expected
Solar output drops across Europe while Iberian wind power surges in mid-April Read More »
