Montenegro’s state-owned power utility EPCG is bracing for a significant financial shortfall in 2025, according to CEO Ivan Bulatović. To ensure a stable electricity supply for households and businesses, the company is expected to seek financial assistance from commercial banks. Several key challenges are driving the projected losses. The thermal power plant (TPP) Pljevlja, a […]
According to the Albanian Institute of Statistics (INSTAT), Albania produced 2,234 GWh of electricity in the first quarter of 2025, which is 9.8% less than the 2,478 GWh produced during the same period in 2024. Electricity exports totaled 738 GWh, down 10.1% year-on-year, while imports rose significantly by 43.4%, reaching 767 GWh. Hydropower remained the
Albania: Electricity production drops in Q1 2025 amid rising imports and lower exports Read More »
In the first quarter of 2025, ten European countries collectively ordered wind turbines with a total capacity of 5.8 GW, according to WindEurope data. This represents a 38% decrease compared to the last quarter of 2024. Germany led new orders with 1.8 GW, followed by Poland with 1.5 GW, and Turkey with 805 MW. Significant
Europe: Wind turbine orders reach 5.8 GW in Q1 2025 despite quarterly decline Read More »
The May guarantees of origin (GOs) auction, held on 8 May, concluded with all available certificates sold, despite lower prices and scheduling challenges. The auction, organized in separate rounds for solar and wind energy, offered GOs linked to renewable electricity generated in the last quarter of 2024 from installations that began operating after 1 January
Greece: May GOs auction sees full allocation despite lower prices and holiday timing Read More »
The Croatian Power Exchange (CROPEX) set a new trading record on its intraday continuous market for the delivery day of 21 May 2025, reaching a total volume of 23,176.3 megawatt-hours (MWh). Of the total, 20,697 MWh were traded in 60-minute products, while 2,497.3 MWh were exchanged through 15-minute products. This new milestone reflects the increasing
The Independent Bulgarian Energy Exchange (IBEX) set a new daily trading record on its intraday market segment using the continuous trading mechanism for the delivery day of 21 May 2025. A total of 22,546.78 megawatt-hours (MWh) were traded, marking a new high. Of this amount, 17,547 MWh were exchanged through 60-minute products, while 4,999.78 MWh
Bulgaria: IBEX sets new daily record on intraday market with over 22,500 MWh traded Read More »
Greek Alpha Bank has committed to financing the construction of four new solar power plants in Greece, with a total capacity of 267 megawatts. These projects will be developed by local subsidiaries of the investment fund managers Foresight and Mirova. The financing package, coordinated solely by Alpha Bank, includes support from Greece’s Recovery and Resilience
Greece: Alpha Bank backs €316 million solar power investment Read More »
A meeting was recently held at the headquarters of power utility EPBiH, bringing together key representatives from the energy sector to address the ongoing legal unbundling of electricity distribution from other energy-related activities. This separation, however, depends on amendments to existing legislation, as the creation of new distribution companies cannot proceed under the current legal
The Romanian Ministry of Energy has announced a public call for expressions of interest to conduct a comprehensive study aimed at identifying and mapping potential offshore wind farm zones in the Black Sea. This initiative supports Romania’s broader strategy to prepare for maritime concessions dedicated to offshore wind energy development. The study’s primary goal is
A Romanian company owned by Ukraine’s DTEK group is set to receive final approval for commercial operation of its 60 MW Glodeni Solar power plant, which has been connected to the national electricity grid since January. The plant is operated by DRI, a DTEK subsidiary dedicated to expanding renewable energy projects within the European Union.
Romania: Solar power plant Glodeni Solar nears final approval for commercial operation Read More »
