Albania among world’s most expensive countries for fuel despite record imports Read More »
Albania is currently ranked as the seventh most expensive country in the world for oil prices. With fuel prices exceeding $2 per liter, it stands out as the costliest in the Western Balkans by a significant margin. Serbia follows in second place within the region, but still lags far behind. When compared to countries like […]
Europe: EU renewable electricity share drops in early 2025 despite solar surge Read More »
In the first quarter of 2025, 42.5 percent of net electricity generated in the European Union came from renewable energy sources. Compared with the first quarter of 2024, this represents a decrease of 4.3 percentage points, down from 46.8 percent. Although electricity generation from solar increased significantly from 40.9 terawatt-hours in the first quarter of
European gas prices increased by 11.4% during the week of June 16–22, 2025, driven by geopolitical tensions in the Middle East, increased cooling demand amid hotter-than-usual weather, and reduced wind power generation across the continent. On June 19, the TTF futures for the month ahead, traded on the ICE exchange, reached €41.6/MWh, marking the highest
In Week 25 of 2025, electricity market prices rose sharply across all Southeast European (SEE) countries compared to the previous week, with average prices exceeding €80/MWh. This increase was driven by a rise in gas prices—whose futures reached their highest settlement level since April 3—and by higher demand caused by rising temperatures. The week started
Romania: Eurowind Energy to build 220 MW solar park in Dâmbovița County Read More »
Danish renewable energy developer Eurowind Energy has announced plans to develop a large-scale solar park in Visina, Dâmbovița County. With an installed capacity of 220 MW, this will be the company’s largest project in Romania and one of the biggest solar ventures in the country. The investment is estimated at nearly 175 million euros. The
Montenegro: CGES declares 5 million euro dividend amid continued investment plans Read More »
Montenegrin electricity transmission system operator CGES will distribute a gross dividend of 5 million euros to its shareholders, following approval at the company’s annual general meeting. The dividend payout comes after financial statements confirmed a net profit of 24.8 million euros for the previous fiscal year. The remaining 19.8 million euros will be retained as
North Macedonia: Energy consumption and production overview in April 2025 Read More »
In April 2025, total electricity consumption in North Macedonia reached 460,185 MWh. Natural gas consumption totaled 6.79 million cubic meters, coal consumption was 305,848 tons, and petroleum products consumption stood at 101,241 tons, according to the State Statistical Office. Domestic electricity production covered 73.6% of the consumed electricity in April. Nearly all coal consumed (99.9%)
Gradska plinara Zagreb-Opskrba (GPZO) will no longer supply natural gas to public institutions in Zagreb, marking another setback after losing its position as the primary household gas supplier last year. Following an extensive evaluation of bids for a public procurement contract valued at 14.5 million euros, a new supplier has been chosen. The contract was
Bosnia and Herzegovina: EBRD to finance 85 MW of new solar power plants Read More »
The European Bank for Reconstruction and Development (EBRD) plans to provide €50 million in financing to support the development, construction, and operation of eight new solar power plants across the Federation of Bosnia and Herzegovina (FBiH). These plants will have a combined installed capacity of 85 MW. The loan will be extended to the state-owned
Slovenia: MOL reconsiders operations amid new fuel price regulations Read More »
Hungarian energy company MOL has raised concerns over Slovenia’s recent changes to fuel pricing regulations, warning that the new policy could destabilize the fuel market and compromise supply security. In a public statement, MOL announced it is reviewing its planned investments and business activities in Slovenia, though no specific decisions have been disclosed yet. The
