A new 64 MW solar power plant near Stolac in Herzegovina has officially started feeding electricity into Bosnia and Herzegovina’s national grid. This facility represents the second phase of the Hodovo solar project, the country’s largest photovoltaic power plant. Developed by Tibra Pacific, the plant uses advanced Stellar 1N+ ABC solar modules supplied by the […]
The Federation of Bosnia and Herzegovina (FBiH) has introduced stricter fuel quality regulations through recent amendments to the Law on Petroleum Products. This move aims to provide citizens with higher-quality fuels, improved regulatory oversight, and the authorization of fuel additives. Additionally, mandatory monitoring of liquefied petroleum gas (LPG) has been established to protect public health,
Romania aims for 6.5 GW wind power capacity by 2028 amid Europe’s renewable energy surge Read More »
Romania is projected to reach 6.5 gigawatts (GW) of installed wind power capacity by 2028, with 3 GW expected to be added within the next three years, according to the Romanian Wind Energy Association (RWEA). This rapid growth is driven by a new generation of wind turbines that are three times more powerful than those
Romania: Energy Regulator ANRE denies claims of discounted gas exports to Austria Read More »
Romania’s National Energy Regulatory Authority (ANRE) has strongly denied recent accusations that the country exports natural gas to Austria at discounted rates, allegedly disadvantaging Romanian consumers. In a public statement, ANRE rejected what it called misleading claims made by certain political figures, emphasizing that such narratives contradict Romania’s economic interests and energy security goals. According
Montenegro’s electricity distribution system operator, CEDIS, has unveiled an ambitious investment program aimed at modernizing the country’s electricity distribution infrastructure. The initiative, running through 2029, reflects CEDIS’s commitment to improving the reliability, efficiency, and sustainability of power delivery across the nation. Recognizing the need for enhanced service quality, CEDIS has set a strategic goal to
The Albanian electricity exchange ALPEX reported that a total of 124.5 GWh of electricity was traded on the day-ahead market in May 2025. This marks a 2.6 percent decline compared to the previous month and a 7 percent decrease compared to May 2024. Of the total volume, 67.5 GWh was traded for the Kosovo bidding
Europe: EU gas demand to fall by 7% by 2030 amid surge in renewables and electrification Read More »
A recent analysis by the think tank Ember projects that natural gas consumption in the European Union will decline by 7 percent by 2030. This expected decrease is being driven by the rapid expansion of renewable energy sources and a broader shift toward electrification across member states. Ember’s review of national energy strategies from EU
Region: Hungary and Slovakia oppose EU plan to ban Russian gas imports by 2027 Read More »
Hungary and Slovakia have voiced strong opposition to the European Union’s proposal to halt imports of Russian gas and liquefied natural gas (LNG), a measure that Brussels is preparing to formalize in the near future. Despite the objections raised by these two countries, the new legislation may still advance without their support. The European Commission
Europe: Brent oil and TTF gas prices surge amid Middle East tensions and supply concerns Read More »
Brent oil futures for the Front Month on the ICE market recorded their lowest weekly settlement price at $66.87 per barrel on Tuesday, June 10. For most sessions during the second week of June, settlement prices stayed below $70 per barrel. However, on Friday, June 13, these futures rose by 7.0% compared to the previous
In the second week of June, electricity demand rose in most major European markets compared to the previous week. Italy experienced the largest increase at 12%, driven by a rebound in demand following the Republic Day holiday on June 2. France saw a 2.2% increase despite June 9 being the national Whit Monday holiday. Spain’s
