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Region: North Macedonia and Serbia advance cross-border gas pipeline project

The national gas transmission operator of North Macedonia, Nomagas, and Serbia’s state gas company, Srbijagas, have signed a Memorandum of Understanding (MoU) to enhance their cooperation and accelerate the development of a cross-border gas interconnector. This agreement is a significant step toward streamlining the preparatory work for a key pipeline that will connect the gas […]

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Romania: R.Power appoints Nomad Electric as contractor for 55 MW solar project

Polish renewable energy developer R.Power has selected Romanian firm Nomad Electric as the general contractor for its 55 MW solar power project in Romania. The contract, finalized through R.Power’s local subsidiary, includes all installation, civil works, and commissioning activities. However, it does not cover the supply of solar modules and inverters. This project is part

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Serbia: US Treasury grants NIS fourth 30-day sanctions reprieve

For the fourth time since April, the US Department of the Treasury has extended Serbian oil company NIS’s waiver from full sanctions implementation, pushing the new deadline to 29 July 2025. This extension follows NIS’s recent application for a special license aimed at preserving its ability to conduct routine business beyond the previous waiver’s expiration

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Montenegro: EPCG secures €25.63 million EBRD loan to expand Gvozd wind farm capacity

Montenegrin state-owned power utility EPCG has obtained government approval to borrow 25.63 million euros from the European Bank for Reconstruction and Development (EBRD) to finance the second phase of the Gvozd wind farm, which will add 21 MW of capacity. The original Gvozd installation currently has 54.6 MW and is expected to generate approximately 150

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Bulgaria: Solaris Holding launches new 59.8 MW hybrid solar facility with battery storage

Solaris Holding, a joint venture between Bulgarian-German solar developer Sunotec and Eurohold Bulgaria, has commissioned its newest hybrid renewable energy facility near Selanovtsi, close to Vratsa in northwestern Bulgaria. The project covers nearly 38 hectares and includes a 59.8 MW solar power plant with over 103,000 panels, capable of supplying electricity to more than 22,000

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Romania: Hidroelectrica awards contract for first floating solar power plant

Romanian electricity producer Hidroelectrica has awarded a contract for the development of its first floating solar power plant, a key component of the Nufarul pilot project. This initiative marks a major step for the company as it begins integrating floating photovoltaic technology into its renewable energy portfolio. The contract was awarded through an open public

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Bulgaria: Bulgargaz proposes slightly higher wholesale gas price for July 2025

Bulgarian state-owned gas supplier Bulgargaz has proposed a wholesale natural gas price of approximately 33 euros per megawatt-hour (MWh) for July 2025. This represents a modest increase of 0.6% compared to the approved price for June, which stood at 32.8 euros/MWh — itself only 0.1% higher than the May rate. The proposed price is based

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Albania approves 62 MW solar power plant led by Turkey’s Fortis Energy

The Albanian government has approved the construction of a 62 MW solar power plant in the village of Tac Larte, situated in the southeastern part of the country. The project will be developed by Turkish renewable energy company Fortis Energy, representing another step in Albania’s push to expand its clean energy production. The newly approved

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Romania: Eurowind Energy to build 220 MW solar park in Dâmbovița County

Danish renewable energy developer Eurowind Energy has announced plans to develop a large-scale solar park in Visina, Dâmbovița County. With an installed capacity of 220 MW, this will be the company’s largest project in Romania and one of the biggest solar ventures in the country. The investment is estimated at nearly 175 million euros. The

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Montenegro: CGES declares 5 million euro dividend amid continued investment plans

Montenegrin electricity transmission system operator CGES will distribute a gross dividend of 5 million euros to its shareholders, following approval at the company’s annual general meeting. The dividend payout comes after financial statements confirmed a net profit of 24.8 million euros for the previous fiscal year. The remaining 19.8 million euros will be retained as

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