Bulgaria seeks stability amid Lukoil sanctions, no investor proposals yet

Bulgarian Energy Minister Zhecho Stankov stated that the Ministry has not received any official investor proposals for the Bulgarian subsidiaries of Russian Lukoil. Recent letters to the Ministry mostly relate to his outreach to major international companies to ensure stable diesel and petrol supplies if the Burgas refinery halts operations. Most communications involve companies offering […]

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Bosnia and Herzegovina: RiTE Ugljevik set to secure €10 million loan amid operational challenges

Coalmine and thermal power plant (RiTE) Ugljevik is set to borrow approximately €10 million, with the Government of the Republic of Srpska (RS) preparing to approve both the loan and its state guarantee. The facility plans to use the five-year loan primarily to refinance existing obligations, according to the latest government session. The loan decision

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Bosnia and Herzegovina: RS assures stable fuel supply amid Pancevo refinery uncertainty

Minister of Energy and Mining of the Republic of Srpska (RS), Petar Djokic, stated that RS does not anticipate fuel shortages even if the Serbian refinery in Pancevo halts production this week. Following a meeting with representatives of fuel distributors, Minister Djokic said that companies operating in the entity confirmed they have secured stable supply

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Serbia 2035: The fully integrated renewable economy

By 2035, Serbia will be a profoundly different energy and economic system than the one it operates today. The country stands at the threshold of a rare structural transformation—one that touches electricity, industry, manufacturing, transport, construction, finance and regional trade. If Serbia fully commits to its renewable trajectory, the nation will not merely decarbonize its

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Serbia’s workforce challenge: Can the country train enough engineers for the renewable boom?

Serbia’s renewable-energy sector is expanding at a pace the country has never experienced before. Wind farms, solar parks, hybrid plants, substations, transmission corridors, battery systems and industrial PPAs are all driving a surge in investment that will transform the energy landscape over the next decade. But beneath the visible momentum lies the most critical constraint—and

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Transmission first: Why Serbia’s grid expansion will determine all future RES investments

The future of Serbia’s renewable-energy sector will not be decided by auctions, PPA structures, investor appetite or available land. These elements shape the market, but they do not define its limits. The true bottleneck—and the ultimate enabler—of Serbia’s energy transition is the transmission grid. Every planned wind farm, solar park, battery system, hybrid plant or

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Serbia’s green supply chain: Can domestic manufacturers enter Europe’s renewable equipment ecosystem?

As Serbia accelerates its renewable-energy transition, a deeper strategic question has begun to emerge: can the country evolve from being merely a construction market for wind and solar plants into a manufacturing and supply-chain hub for Europe’s renewable ecosystem? The answer carries enormous implications for Serbia’s industrial competitiveness, export potential, workforce development and long-term economic

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The rise of energy storage: Why batteries will decide Serbia’s renewable stability by 2035

As Serbia accelerates the growth of its renewable-energy sector, an uncomfortable truth is becoming visible: wind and solar alone cannot deliver a stable, reliable and flexible power system. The grid absorbs what it can, but its structural limitations are becoming clearer with each new project. Transmission corridors in Banat saturate during peak winds. Distribution networks

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Engineering risk = financial risk: Why quality failures in RES construction turn into millions lost

In Serbia’s expanding renewable-energy sector, the relationship between engineering and finance is becoming clearer than ever. The two were once treated as separate worlds—the engineers focused on foundations, cables, substations and turbines, while financiers focused on debt structures, IRR curves, PPA prices and repayment schedules. But the maturing market has erased this separation. In a

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