north macedonia

North Macedonia issues first renewable energy certificates to ESM

North Macedonia has reached a significant milestone in its energy transition, as the national market operator MEMO issued the country’s first Guarantees of Origin (GoOs) for electricity generated entirely from renewable sources. The inaugural certificates were granted to the state-owned utility Elektrani na Severna Makedonija (ESM) for its hydropower production. Energy Minister Sanja Bozinovska hailed […]

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North Macedonia: Electricity production rises amid shifts in energy mix

According to data from the State Statistical Office, domestic electricity production accounted for 80.4% of the total electricity consumed in March 2025. Nearly all coal consumed, 99.9%, was used specifically for electricity generation. The total gross electricity production in Macedonia for March 2025 reached 469,417 MWh, representing a 1.7% increase compared to the same month

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North Macedonia: Makpetrol increases dividend to €68.3 per share after strong 2024 performance

North Macedonian fuel retailer Makpetrol has announced a gross dividend of approximately 68.3 euros per share for 2024, marking an increase from the previous year. The decision was approved by shareholders and reflects the company’s improved financial results. The total dividend payout for 2024 will amount to around 6.91 million euros. In comparison, the gross

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North Macedonia: ESM plans new coal mine amid energy transition challenges

North Macedonia’s state-owned power company ESM plans to open a new coal mine in Zivojno, near the Greek border. The Ministry of Environment and Physical Planning has announced that ESM is currently collecting public feedback on the environmental impact assessment for the project. The consultation period is open until May 15. Local reports indicate that

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Region: North Macedonia awards contract for gas interconnector with Greece

North Macedonia’s state-owned gas transmission operator, Nomagas, has signed a contract with local construction firm Rapid Build to construct the country’s portion of a new natural gas interconnector with Greece. The project involves building a 68-kilometer pipeline, valued at €83.7 million. Energy Minister Sanja Bozinovska announced the deal, highlighting its strategic significance for regional energy

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North Macedonia: Day-ahead power market sees strong growth in April 2025

North Macedonia’s day-ahead electricity exchange experienced robust growth in April 2025, with total traded volume reaching 110,255.4 MWh—representing a 90% increase compared to the same month last year, when 58,018 MWh were traded. According to market operator MEMO, the April volume was also up 13.6% from March, highlighting continued market expansion and strengthening liquidity. The

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North Macedonia temporarily disconnects solar power plants to maintain grid stability during May Day holidays

During the May Day holidays, solar power plants in North Macedonia were temporarily disconnected from the national electricity grid to ensure the stability and safety of the power supply. This decision followed an emergency meeting of relevant authorities, prompted by a recent blackout in Spain and Portugal, where renewable energy sources, including solar power, were

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North Macedonia: MEPSO relaunches tender for long-delayed 400 kV transmission line

North Macedonia’s electricity transmission system operator MEPSO has issued a new tender for the construction of a 400 kV transmission line that will connect the country with Albania. This follows the termination of a previous contract due to the contractor’s failure to meet agreed obligations. The new transmission line is set to begin in Bitola

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North Macedonia: Energy consumption and production in February 2025

In February 2025, total electricity consumption in North Macedonia reached 692,461 megawatt-hours (MWh). Natural gas consumption stood at 39.16 million cubic meters, coal consumption totaled 574,134 tons, and the use of petroleum products amounted to 85,541 tons. Data from the State Statistical Office shows that 82.4% of the electricity consumed during the month was covered

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North Macedonia: Alcazar Energy and IFC partner on 400 MW wind project

Luxembourg-based renewable energy investor Alcazar Energy Partners has signed a development support agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to advance a major wind power project in North Macedonia. The agreement will provide development funding for the initial phase of the Stip wind farm, a 400 MW project

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