Montenegro’s state-owned power utility EPCG has terminated its second tender for the design and construction of the Otilovici small hydropower plant after rejecting all submitted proposals. The public procurement commission dismissed bids from three consortia led by local firms Vigoris Ecotech, Permonte, and Elnos Crna Gora. While all three offers aligned with the tender’s estimated […]
Hungary: MOL approves increased dividend payout amid stable financial outlook Read More »
At its annual general meeting on 24 April, shareholders of Hungarian oil and gas company MOL approved a total dividend payout of 0.68 euros per share. This includes a base dividend of HUF 165 per share from 2024 profits and an additional special dividend of 0.27 euros per share, bringing the total dividend fund to
Croatia: Zagreb expands solar energy projects Read More »
Currently, the City of Zagreb operates a total of 2.43 MW of solar capacity across public buildings. This represents a threefold increase since June 2021, when the capacity was only 0.7 MW. Contracts have also been signed or are nearing completion for an additional 16 MW of solar capacity on city-owned buildings. A contractor has
Bosnia and Herzegovina doubles coal exports in early 2025 Read More »
Bosnia and Herzegovina (BiH) significantly increased its coal exports in the first quarter of 2025, with volumes more than doubling compared to the same period last year. Official data reveals that between January and March, the country exported 234,301 tons of coal, valued at 20 million euros. This marks a sharp rise from the first
Solar electricity generation across Europe jumped by over 30% in the first quarter of 2025 compared to the same period in 2024, signaling a potential record year for the continent’s solar energy output. Data from Ember shows that solar installations produced nearly 68 terawatt-hours (TWh) of electricity between January and March—a 32% increase year-on-year. In
Romania: Nofar Energy finalizes major contract for 265 MW solar power plant Read More »
Nofar Energy has secured a comprehensive contract for a 265 MW solar power plant in Corbii Mari, Dambovita County, just west of Bucharest. The contract covers all phases of the project, from engineering to long-term operations and maintenance. This large-scale development is one of the biggest solar projects in Romania. The project will be developed
Montenegrin electricity distribution system operator, CEDIS, has earmarked more than 30 million euros for infrastructure investments in 2025, aiming to improve the country’s electricity distribution network and meet necessary supply standards. This year’s investment is approximately 6 million euros higher than the previous year, demonstrating the company’s growing ambitions and the increasing complexity of its
Montenegro saw a notable decrease in electricity production in 2024, generating 3,447 GWh, which is a 15% drop compared to the previous year and 4.4% below the forecasted figures. The decline was largely attributed to unfavorable hydrological conditions, as reported by the Ministry of Energy. Hydropower production, which is a key component of the country’s
Hungary sets record low electricity consumption amid surge in solar power Read More »
Hungary set a new record for its lowest-ever electricity consumption on Easter Monday, thanks to exceptional solar energy production, as reported by Deputy Energy Minister and Government Commissioner Gabor Czepek. He noted that such low system loads were previously only observed in the early hours of the day before 2023. The previous record was set
Greece: Balancing market contributes 21% to earnings of electricity producers in 2023 Read More »
In 2023, the balancing market remained a crucial source of revenue for electricity producers, contributing approximately 21% of their total income, a trend expected to continue in 2024. Financially, the market generated €410 million last year, making up around 5% of the overall short-term electricity market. The balancing market consists of three main components: the
