Romanian electricity transmission system operator Transelectrica reported a net profit of approximately 32 million euros in the first quarter of 2025, marking a 52 percent increase compared to the same period last year. The segment related to activities generating allowed profit recorded a positive result of about 26 million euros in Q1 2025, up from […]
Hidroelectrica reported a net profit of about 119 million euros for the first quarter of 2025, which represents a significant decrease of 56 percent compared to the same period last year. Although the company exceeded budget forecasts in both operational and financial terms, the results were weaker than those recorded in the first quarter of
Montenegro’s state-owned motorway operator, Monteput, has announced that the local company Permonte submitted the most favorable bid in the tender for conducting a technical and economic study on the use of solar panels along the planned Bar-Boljare motorway. This motorway, which will stretch 169 kilometers, is designed to connect Montenegro’s southern Adriatic coast with its
Montenegro: Jugopetrol reports strong Q1 2025 profit growth despite stable sales Read More »
Montenegrin fuel retailer Jugopetrol reported a net profit of 1.07 million euros in the first quarter of 2025, a significant increase compared to the approximately 83,000 euros profit recorded in the same period last year. The company’s net sales remained steady at around 47.5 million euros during the first three months of 2025, while operating
North Macedonia: ESM plans new coal mine amid energy transition challenges Read More »
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
Greece set to exceed 2030 renewable energy goals with 34 GW capacity Read More »
Greece is on track to significantly exceed its official 2030 renewable energy capacity target, with projections indicating that total installed capacity will reach approximately 34 gigawatts. This figure surpasses the 24.7 gigawatt goal outlined in the country’s National Energy and Climate Plan (NECP). The projected expansion includes a broad mix of renewable sources such as
The Republic of Srpska (RS) plans to add at least 250 megawatts of solar energy to its electricity grid within the next three years, according to the RS Minister of Energy and Mining, Petar Djokić, who spoke at the Belgrade Energy Forum 2025. Minister Djokić stated that the entity has already secured agreements and partnerships
Romania: Alerion Clean Power secures €18.5 million loan for 35 MW solar plant Read More »
Italian renewable energy company Alerion Clean Power has obtained €18.5 million in financing from Banca Comerciala Romana (BCR) to support the construction of a new photovoltaic plant in Călărași County, Romania. The facility will have an installed capacity of 35 MW and represents a total investment of €26.8 million. The loan is scheduled to mature
Montenegro: CGES doubles Q1 profit in 2025 on higher revenues and stable costs Read More »
Montenegro’s electricity transmission system operator CGES posted a net profit of 7.7 million euros in the first quarter of 2025, nearly doubling the 3.9 million euros recorded in the same period last year. According to the company’s financial report, net sales in the first three months of 2025 reached 25.9 million euros, representing a 12.6
Montenegro: Pljevlja Coalmine posts strong Q1 2025 results with profit nearly doubling Read More »
Pljevlja Coalmine recorded a net profit of 6.3 million euros in the first quarter of 2025, marking a significant increase compared to the 3.7 million euros earned during the same period in 2024. According to the company’s financial report, sales revenues reached 18.7 million euros in the first three months of the year, up by
