Solar electricity production in Europe jumped by more than 30% in the first quarter of 2025 compared to the same period in 2024, marking a strong start to what could be a record-breaking year for solar energy in the region. According to data from Ember, Europe generated nearly 68 terawatt hours (TWh) of solar power […]
Bosnia and Herzegovina: Insufficient coal for inefficient thermal power plants Read More »
Bosnia and Herzegovina (BiH) has become increasingly dependent on imported electricity due to insufficient coal production and outdated thermal power plants, says energy expert Almir Muhamedbegović. The country’s electricity generation has fallen by 15% from 2021 to 2024, and it now lacks enough power to meet domestic demand. As a result, electricity imports surged by
In Week 17 of 2025, wholesale electricity prices declined across most Southeast European (SEE) countries, mainly due to a drop in natural gas prices and an increase in renewable energy generation. Spot prices across continental Europe have more than halved since early 2025, driven by a significant fall in regional gas costs, which are down
Europe: Brent oil, TTF gas and CO2 futures show mixed trends in April 2025 Read More »
During the fourth week of April 2025, Brent oil futures for the Front Month in the ICE market saw fluctuations. Prices reached their weekly peak on Tuesday, April 22, settling at $67.44 per barrel. However, by April 23, they dropped by 2.0%, hitting a weekly low of $66.12 per barrel. In the final two days
Europe: Price hikes in European markets in April, May sees drop Read More »
During the fourth week of April, average electricity prices in most major European markets saw an increase compared to the previous week, with the highest price rises occurring during the earlier days of the week. However, prices dropped over the weekend, leading to a nearly unchanged weekly average for the EPEX SPOT market in Germany,
During the fourth week of April, electricity demand saw a decline across most major European markets. Italy experienced the largest drop, with a decrease of 14%, followed by Portugal and France, which recorded decreases of 6.0% and 3.4%, respectively. Belgium and Germany showed the smallest declines, with 0.6% and 0.5% reductions. Germany’s demand continued its
During the week of April 21, solar photovoltaic energy production saw increases across all major European electricity markets, reversing the declines observed the previous week. The Portuguese market experienced the highest growth, rising by 62%, followed by Italy and Spain, with increases of 38% and 33%, respectively. The German market saw the lowest growth at
Engie Romania acquires 54 MW wind project as part of 1 GW renewable goal Read More »
Engie Romania has acquired a fully permitted, ready-to-build 54 MW wind power project in Mereni, Constanța County, furthering its goal of reaching 1 GW of renewable energy capacity by 2030. Construction of the Mereni wind farm is set to begin later this year, with operations expected to commence in 2027. Once operational, the facility is
Romania commissions largest PNRR-backed solar power plant in Teiuș Read More »
ENEVO Group has successfully completed and commissioned a large-scale solar power facility in Teiuș, Alba County, on behalf of Danish investor Eurowind Energy. With a total installed capacity of 68.99 MW, the plant is expected to generate over 103 GWh of green electricity annually—enough to supply more than 25,000 Romanian households. A key feature of
Hungary moves ahead with construction of Tiszaujvaros gas power plant Read More »
Hungary has taken a significant step in modernizing its energy infrastructure with the signing of a contract to build a new combined cycle gas turbine (CCGT) power plant at the Tiszaujvaros site, part of MVM Group’s Tisza power plant complex. The project, awarded to a consortium consisting of Italy’s Ansaldo Energia and Turkey’s Calik Holding,
