Albania: Greencells plans 96 MW solar power plant Read More »
Greencells Renewables Albania, a subsidiary of Germany’s Greencells Group, has submitted an application for an environmental permit to build a 96 MW solar power plant in northeastern Albania, near the village of Kastriot. The project would cover over 426,000 square meters and involve the installation of 137,150 solar panels and 268 inverters. The Albanian environmental […]
Brent oil futures for the Front Month on the ICE market reached their lowest weekly settlement price of $73.23 per barrel on Monday, June 16. Prices then climbed, remaining above $75 per barrel for the rest of the week. The peak weekly settlement price was $78.85 per barrel on Thursday, June 19 — the highest
Europe: Electricity prices rise in mid-June amid market variations Read More »
In the third week of June, average electricity prices increased in most major European markets compared to the previous week, with the notable exception of the Nordic countries’ Nord Pool market, which saw a 37% drop. France’s EPEX SPOT market experienced the largest percentage increase at 83%. Other markets analyzed by AleaSoft Energy Forecasting showed
Europe: Electricity demand rises across most markets in mid-June Read More »
During the week of June 16, electricity demand increased in most major European electricity markets compared to the previous week. Spain saw the largest rise at 7.8%, marking its fifth consecutive week of growth. France and Belgium followed with increases of 5.2% and 4.8%, respectively. Despite the Corpus Christi holiday on June 19, Portugal’s demand
Europe: Solar power hits records in mid-June; wind energy shows mixed trends Read More »
In the week of June 16, solar photovoltaic energy production rose in most major European electricity markets compared to the previous week. The French, German, and Spanish markets continued their upward trends, with France experiencing the largest increase of 28%, followed by Germany at 12%, and Spain at 11%. The Portuguese market reversed its previous
Bulgaria: OMV Petrom and Enery partner on 400 MW Gabare solar project Read More »
OMV Petrom and Enery have entered into a strategic partnership to develop a major solar power project near Byala Slatina, close to Sofia, Bulgaria. Under the agreement, OMV Petrom will acquire a 50 percent stake in Dunav Solar Plant—the company managing the Gabare solar project—from Enery Element. The planned Gabare solar facility will have an
Romania supports two new solar projects with Modernization Fund backing Read More »
Romania is moving forward with its clean energy goals by supporting two new solar power projects through the Modernization Fund. The first project, developed by Brasov Renewables, involves the construction of a 30.8 MW solar power plant, which will also include a 6.2 MWh battery storage system. The total investment exceeds 28 million euros, with
Hungary: Over 21,000 households benefit from solar and battery grant program Read More »
Hungarian homeowners have received over 112 million euros in grants as part of a government-backed initiative aimed at encouraging the adoption of rooftop solar panels and battery storage systems, according to the Ministry of Energy. The program has supported more than 21,000 households, with total approved funding reaching approximately 224 million euros. So far, completed
Bosnia and Herzegovina’s state-owned power utility, Elektroprivreda BiH (EPBiH), is advancing the development of the Kovanici hydropower plant, a project valued at approximately 45 million euros. As part of the next steps, the company has issued a tender for a study on property expropriation and real estate valuation within the planned construction zone. The tender
The Federation of Bosnia and Herzegovina (FBiH) has launched a new grant program to support households in installing rooftop solar systems. The initiative is expected to benefit approximately 500 homes annually and generate around 4.2 GWh of renewable electricity each year. According to the Operator for Renewable Energy Sources and Efficient Cogeneration (OIEiEK), the average
