The Memorandum of Understanding for the development of the Djerdap 3 pump-storage hydropower plant is nearing completion and is expected to be signed once harmonization is finalized, according to Serbian Minister of Mining and Energy Dubravka Djedovic. This announcement followed her meeting with Romanian Energy Minister Ivan Bogdan, during which they discussed expanding joint energy […]
Romanian energy group OMV Petrom recorded a 7 percent year-on-year drop in sales revenues during the second quarter of 2025, contributing to a 1 percent decline in total revenues for the first half of the year, which reached 3.4 billion euros. Net profit fell more sharply, decreasing by 17 percent in Q2 and 21 percent
Romania: Romgaz boosts domestic gas sales and storage injections in first half of 2025 Read More »
Romania’s state-owned natural gas producer Romgaz reported a 12.55 percent increase in sales of domestically produced natural gas in the first half of 2025, delivering a total of 2.52 billion cubic meters. Total hydrocarbon production edged up slightly, rising 0.4 percent year-on-year to 16.19 million barrels of oil equivalent. Within this total, crude natural gas
EPCG Solar Construction reported a notable increase in solar capacity additions during June and July 2025, installing a total of 6.7 megawatts (MW) of new capacity. This marks a significant rise compared to the 5.2 MW added during the same period last year. The company attributes the growth to rising demand from corporate, institutional, and
In July 2025, a total of 1,295,659.5 megawatt-hours (MWh) of electricity was traded on the Croatian energy exchange CROPEX, marking a 7.6 percent increase compared to June. Of the total volume, 1,006,999.9 MWh was traded on the day-ahead market, while 288,659.6 MWh was traded on the intraday market. Compared to July 2024, overall trading volume
Bulgaria: NEK joins IBEX platform to boost guarantees of origin market Read More »
The Bulgarian state-owned National Electric Company (NEK) has been officially registered as an active participant in the guarantees of origin market segment operated by the Independent Bulgarian Energy Exchange (IBEX). NEK is a leading force in Bulgaria’s guarantees of origin sector and plays a key role in the production of electricity from renewable sources. In
President of the Bosnia and Herzegovina CIGRE Committee, Zijad Bajramović, has described the recent adoption of the law on the regulator, transmission, and electricity market as a crucial milestone in the country’s alignment with the European Union’s integrated energy market. The new legislation marks progress in fulfilling Bosnia and Herzegovina’s international obligations, establishing a framework
The largest electricity producer in the Republic of Srpska (RS), the coalmine and thermal power plant RiTE Ugljevik, recorded a loss of 13.8 million euros in the first half of 2025, increasing its total accumulated loss to 91.5 million euros. According to the interim financial statement, total revenues for the period reached 34.3 million euros,
Romania: Hidroelectrica’s H1 2025 power generation drops 27% amid lower hydrology Read More »
Romanian electricity producer Hidroelectrica reported a 27% year-on-year decline in net electricity output during the first half of 2025, generating a total of 6,068 GWh. The decrease was primarily driven by reduced hydroelectric production, which accounts for 98% of the company’s own generation mix. Wind power generation also saw a downturn, falling 14% year-on-year to
Romania: Rezolv Energy selects partners for second phase of Vifor wind farm Read More »
Rezolv Energy has announced the selection of key partners for the second phase of the Vifor wind farm project in Buzău County, Romania. Through its special purpose vehicle, First Looks Solutions, the company awarded the Balance of Plant (BoP) contract to Austrian infrastructure firm PORR. The contract covers all civil works, as well as high-voltage
