The Slovenian energy provider GEN-I ended 2024 with net earnings of 36 million euros, representing a 45.3 percent increase compared to the previous year. The group’s EBITDA rose to 52.4 million euros in 2024, marking a 41.9 percent growth. Looking forward, GEN-I expects its net profit to decline to 25.6 million euros in 2025, with […]
The state-owned company Resavica has officially submitted a request to the Ministry of Environmental Protection for approval to conduct an Environmental Impact Assessment (EIA) related to the expansion of coal mining activities in the eastern and western parts of the Stavalj deposit. Located on the Pešter plateau, the brown coal mine has a history dating
Despite recent testing conducted in June on the JANAF crude oil pipeline, the assessments offered by Hungary’s oil and gas group MOL and Croatia’s pipeline operator JANAF have revealed a sharp divergence in views. MOL maintains that it requires firm guarantees of uninterrupted oil delivery through Croatian territory at competitive rates—assurances it claims JANAF has
JA Solar Technology has been selected to provide its DeepBlue 4.0 Pro n-type solar panels for the upcoming Korlat solar power plant in Croatia. The 99 MW facility is being developed by China Northern International Group in partnership with the Shandong Electric Power Engineering Consulting Institute, on behalf of Croatia’s state-owned power utility HEP. JA
Croatia: JA Solar to supply panels for largest hybrid solar plant at Korlat Read More »
Polish renewable energy developer R.Power has unveiled plans to construct a 55 MW solar power plant in northwestern Romania, marking another step in its expansion across Eastern Europe. Known as the Lazuri solar power plant, the project is set to begin construction in the third quarter of 2025 and is expected to be fully operational
Romania: R.Power to build 55 MW solar power plant, expanding Eastern European portfolio Read More »
United Bulgarian Bank has been selected to provide a five-year credit facility for Bulgartransgaz, Bulgaria’s gas transmission system operator, to modernize its network as part of the Vertical Gas Corridor project. The loan will support efforts to enhance energy connectivity between Greece and Central Europe. Despite Bulgartransgaz requesting €102 million, bids from major lenders—including Bank
Romania’s National Energy Regulatory Authority (ANRE) has adopted new rules eliminating regulated charges on electricity that is stored and later fed back into the grid. Storage operators will no longer pay transmission extraction fees, distribution and system service charges, or green-certificate levies on discharged electricity. Under the new methodology, network operators must track stored-energy flows
Romania removes double fees on stored electricity to boost energy storage investment Read More »
Officials from the Counter-Corruption Commission (CCC) have inspected the Ministry of Energy and collected all documents related to the gas agreement with Turkish supplier BOTAS. According to Energy Minister Zhecho Stankov, the Ministry’s report revealed daily costs surpassing 500,000 euros, rising since January due to contractual indexing. Stankov stated that Bulgaria is only using 11%
Bulgaria probes costly BOTAS gas deal amid mounting financial losses Read More »
Rompetrol Bulgaria, a subsidiary of KMG International Group, has opened a new, modern fuel station on Vladimir Vazov Boulevard, located close to Sofia International Airport. This latest addition strengthens the company’s position as one of Bulgaria’s prominent fuel retailers, expanding its presence in the capital to eight stations and increasing its nationwide network to a
Bulgaria: Rompetrol expands network with new fuel station near Sofia airport Read More »
Croatia’s state-owned oil transportation company JANAF has secured a construction permit to build additional fuel storage tanks at its Omisalj Terminal. A public tender for the project is expected to launch in early August. Valued at over 30 million euros and fully financed from JANAF’s own resources, this marks the company’s largest single investment in
Croatia: JANAF to double Omisalj terminal storage capacity with €30 million expansion Read More »
