In the week of December 1, solar photovoltaic (PV) energy production in the German market increased by 8.7% compared to the previous week. In contrast, the markets of Italy, France, and the Iberian Peninsula recorded declines for the second consecutive week. The Portuguese market experienced the largest drop at 33%, followed by a 27% decrease […]
Romania: OMV Petrom advances Neptun Deep exploration with new Anaconda-1 offshore well Read More »
OMV Petrom has launched the environmental approval process for a new offshore exploration well in the Neptun Deep block, aiming to determine whether additional gas deposits exist beyond the roughly 100 billion cubic meters already confirmed through earlier drilling at Pelican Sud and Domino. Together with state-owned Romgaz, OMV Petrom holds the concession for the
Romania: Day-ahead power prices fall sharply in November as market volumes decline Read More »
The average price of electricity on the Romanian day-ahead market (OPCOM) reached 121.48 euros/MWh in November 2025, a decrease of 27.71 % compared to the same month in 2024 and 0.35 % lower than in October, when the average baseload price was 121.9 euros/MWh. Traded volume totaled 1.28 million MWh, marking a 19.42 % drop
Montenegrin state-owned power utility EPCG posted a significant financial decline in the first nine months of 2025, recording a net loss of 78.7 million euros, compared to a loss of 19.2 million euros in the same period last year. The extended shutdown of TPP Pljevlja, Montenegro’s only coal-fired power plant, dominated this year’s results. The
North Macedonia: Power exchange sees strong year-on-year growth despite monthly decline Read More »
In November 2025, electricity traded on North Macedonia’s day-ahead exchange reached 109,180 MWh, marking a 34.3 % increase compared to the 81,308 MWh recorded in the same month last year. However, the traded volume was 25.5 % lower than in the previous month. Market operator MEMO reported an average market-clearing price of 120.68 euros/MWh for
Hungarian Prime Minister Viktor Orbán announced that Turkey has agreed to safeguard the transit of Russian natural gas to Hungary. The commitment was reached following talks in Istanbul and revealed during a joint press appearance with President Recep Tayyip Erdoğan. Hungary continues to rely heavily on Russian energy supplies despite ongoing geopolitical tensions related to
In every mature renewable market, there comes a moment when engineering quality—once assumed, often overlooked—becomes the defining currency of asset value. Southeast Europe is entering that moment now. Serbia, Romania, Croatia, and Montenegro are witnessing a scale-up in wind development that resembles earlier cycles in Spain, the Nordics, and Poland. But this expansion brings a
In the early stages of Southeast Europe’s renewable expansion, wind investors focused primarily on EPC contracts, turbine warranties, and revenue support mechanisms. Insurance was treated as a formal requirement—necessary for lenders, but rarely integrated into strategic project design. That era is over. Insurance and financial risk-transfer structures have now become core pillars of investor protection,
For years, wind investment strategies in Southeast Europe focused almost exclusively on technical variables: resource quality, EPC pricing, grid access, and financing structure. But as markets mature, a new set of forces is emerging—less visible than capex or P50 curves, but increasingly decisive in determining which projects advance smoothly, which face costly delays, and which
A decade ago, the success of a wind farm in Southeast Europe was determined primarily by resource quality, EPC execution, and turbine reliability. Today, those factors remain essential—but they are no longer sufficient. The defining determinant of performance, bankability, and long-term value has shifted decisively toward grid readiness. Serbia, Romania, Croatia, and Montenegro are entering
