Greece: Optimus Energy and emsys VPP launch virtual power plant Read More »
Optimus Energy has partnered with the German service provider emsys VPP to deploy its virtual power plant (VPP) for trading renewable energy in Greece’s wholesale electricity and balancing markets. With a portfolio approaching 4 GW of solar and wind power, Optimus Energy is a leading player in Greece, representing half of the renewable energy capacity […]
Dimitris Skalkos, Secretary General for International Economic Affairs at the Greek Ministry of Foreign Affairs, emphasized the strategic significance of the upcoming gas interconnector with North Macedonia, stating it will bolster the resilience of Europe’s energy system. His remarks were made during the 11th Ministerial Meeting of the Southern Gas Corridor Advisory Council and the
Romania: Petrol proposes increased dividend amid record profits in 2024 Read More »
Slovenian energy company Petrol has proposed a gross dividend of €2.10 per share for the 2024 financial year, marking an increase of €0.30 compared to last year. The proposal, approved by the company’s Supervisory Board, will be presented for shareholder approval at the upcoming general assembly scheduled for the end of May. The dividend increase
TenarisSilcotub, Romania’s top producer of small-diameter seamless pipes, has finalized the construction of a 20 MW solar power plant, marking a key milestone in its sustainability strategy. The $21.5 million project was funded through the company’s own resources and non-repayable European grants via the National Recovery and Resilience Plan. The electricity generated by the new
Greece is preparing to open a tender for offshore oil and gas exploration in the waters south of Crete by the end of April, Energy Minister Stavros Papastavrou announced at the 10th Delphi Economic Forum. The move follows a formal expression of interest from U.S.-based energy giant Chevron. Minister Papastavrou stated that the first government
Croatia has signed contracts totaling €125 million in non-refundable grants for two key energy initiatives under its National Recovery and Resilience Plan. These projects focus on the modernization and digital transformation of the national electricity transmission system, and the expansion of the liquefied natural gas (LNG) terminal on the island of Krk. The larger of
At the Delphi Economic Forum in Greece, Bulgarian Energy Minister Zhecho Stankov underscored the strategic importance of maximizing the use of existing gas infrastructure to enhance energy security across the region. He revealed that Bulgaria is close to sealing an agreement with Shell for natural gas exploration in the Black Sea, reflecting growing international interest
Bosnia and Herzegovina: ERS sees surge in electricity exports amid hydropower boos Read More »
Luka Petrović, Director of Bosnia’s state-owned power utility ERS, reported a significant rise in electricity exports over the past month—a trend he expects to continue. The increase comes thanks to recent rainfall that greatly enhanced hydroelectric output, especially from the Drina and Vrbas hydropower plants (HPPs). This influx of water also helped replenish the Bileća
Region: SEE electricity market sees price drop and decline in demand in Week 14 of 2025 Read More »
In Week 14 of 2025, electricity prices across Southeast Europe (SEE) saw a slight decrease, driven by lower electricity demand, falling gas and CO₂ prices, and increased solar energy production. Although prices initially surpassed €100/MWh, they gradually dropped throughout the week. Notably, Croatia and Serbia experienced the largest price reductions, with decreases of -23.52% and
Romania: Verbund acquires 272 MW wind project from Monsson Read More »
Verbund Wind Power Romania, the Romanian arm of Austria’s energy group Verbund, has acquired a fully developed wind project from renewables developer Monsson. The project, located in Caras-Severin county, has a planned capacity of 272 MW and is expected to generate approximately 569 GWh of electricity annually. The transaction involves a ready-to-build project, with all
