A new solar power plant with an installed capacity of approximately 28.5 megawatts has been commissioned at Holcim Hungary’s cement facility in Királyegyháza, located in southwestern Hungary near Pécs. Developed by ID Energy Group, the plant is expected to provide nearly one-third of the electricity needed for the cement factory’s operations. Holcim Hungary stated that […]
The future of the major submarine electricity interconnection between Crete and Cyprus, known as the Great Sea Interconnector, is now uncertain due to financial difficulties and geopolitical tensions. In response, Greek authorities and the transmission network operator ADMIE are considering an alternative plan to redirect the under-construction cable to the Aegean Sea. The situation developed
Bulgaria postpones electricity market liberalization for households Read More »
The planned liberalization of Bulgaria’s electricity market for household consumers has been postponed indefinitely, according to Plamen Mladenovski, Chairman of the Energy and Water Regulatory Commission (KEVR). The decision was made following the latest proposals submitted to the Parliamentary Energy Committee. For the time being, the liberalization process will apply only to the wholesale electricity
Bosnia and Herzegovina’s gas debt to Russia: Background and ongoing dispute Read More »
Bosnia and Herzegovina (BiH) owes Russia $104.8 million in gas debt, according to the BiH Ministry of Finance and Treasury. This amount includes $22.7 million of pre-war debt and $82.1 million accumulated during the 1992–1995 war. A commission was formed in 2006 to determine the exact amount of debt owed for gas deliveries, covering the
In Week 19 of 2025, TTF gas futures experienced a significant rally, rising by 5.5%—the largest daily increase since mid-March. This surge was mainly driven by the European Union’s newly unveiled plan to completely phase out Russian gas imports by the end of 2027. The policy includes the termination of long-term contracts for Russian gas
Region: SEE electricity prices surge amid higher demand and energy costs Read More »
In Week 19 of 2025, electricity prices across Southeast Europe (SEE) saw significant increases, driven by higher gas and CO₂ costs, as well as increased electricity demand due to lower-than-average temperatures. Prices started the week around €100/MWh and gradually dropped, falling below €70/MWh by Sunday, May 11. Among SEE countries, Bulgaria and Greece recorded the
Romania: Court rules in favor of Neptun Deep gas project, rejecting Greenpeace lawsuit Read More »
The Neptun Deep gas project, developed by OMV Petrom and Romgaz, is progressing despite legal challenges from the environmental NGO Greenpeace, according to Romanian Energy Minister Sebastian Burduja. The Bucharest Court recently ruled in favor of the project developers, dismissing Greenpeace’s lawsuit and ordering the NGO to pay compensation to Romgaz and OMV Petrom. Minister
Turkish company Yesilyurt Enerji is set to acquire a 41 MW solar project in Dâmbovița County, southern Romania. The project has reached the “ready-to-build” phase, meaning that construction can begin as all necessary permits have been secured. Founded in 2010, Yesilyurt Enerji began producing electricity in 2013 with the construction of a gas-fired power plant
Romania: Alive Capital develops 23 MW solar power plant with energy storage component Read More »
Since 2013, the Romanian company Alive Capital has been providing integrated management services to renewable energy producers. Recently, the company completed the development of a solar power plant with an installed capacity of 23 MW, supported by funding from the National Recovery and Resilience Plan (PNRR). The Da Vinci New Project, located in Nanov, Teleorman
Montenegro’s April 2025 electricity bills: Decrease from March, increase from last year Read More »
In April 2025, the average electricity bill for households in Montenegro was 32.15 euros, reflecting a 16.5% decrease compared to the previous month (38.48 euros) and an 11.9% increase from April 2024 (28.73 euros). The lowest average bill was recorded in the municipality of Žabljak, at 20.4 euros, while the highest was in Tivat, where
