Gas Industry

Montenegro: Jugopetrol reports strong Q1 2025 profit growth despite stable sales Read More »

Montenegro: Jugopetrol reports strong Q1 2025 profit growth despite stable sales

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: ESM plans new coal mine amid energy transition challenges

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 set to exceed 2030 renewable energy goals with 34 GW capacity

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

Bosnia and Herzegovina: Republic of Srpska to add 250 MW of solar power by 2028 as part of €2.8 billion renewable energy push Read More »

Bosnia and Herzegovina: Republic of Srpska to add 250 MW of solar power by 2028 as part of €2.8 billion renewable energy push

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 »

Romania: Alerion Clean Power secures €18.5 million loan for 35 MW solar plant

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: CGES doubles Q1 profit in 2025 on higher revenues and stable costs

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 »

Montenegro: Pljevlja Coalmine posts strong Q1 2025 results with profit nearly doubling

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

Hungary: Holcim commissions 28.5 MW solar plant to power cement facility and advance green goals Read More »

Hungary: Holcim commissions 28.5 MW solar plant to power cement facility and advance green goals

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

Greece: Uncertainty grows around Crete–Cyprus electricity link amid geopolitical and financial pressures Read More »

Greece: Uncertainty grows around Crete–Cyprus electricity link amid geopolitical and financial pressures

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 »

Bulgaria postpones electricity market liberalization for households

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

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