According to data published by Bulgaria’s electricity transmission system operator, ESO, electricity production in Bulgaria between January 1 and March 30, 2025, increased by 16.83% compared to the same period in 2024, reaching a total of 11.74 TWh. During this period, electricity consumption in Bulgaria also saw a rise of 7.77%, reaching 11.14 TWh. As […]
Europe: Wind turbine orders surge in Q4 2024, with Germany, UK and Turkey leading Read More »
In the fourth quarter of 2024, a total of 16 European countries placed orders for wind turbines, reaching a combined capacity of 9.3 GW. This marks a significant 121% increase compared to the previous quarter and a 77% rise from the same period the previous year. Germany led the way with the largest order volume,
SEE region: Eurohold launch 500-million-euro arbitration proceedings against Romania Read More »
Eurohold Bulgaria and Euroins Insurance Group AD have officially filed a request for arbitration against the government of Romania at the International Centre for Settlement of Investment Disputes in Washington. The claim is more than 500 million euros. The action comes after the Romanian financial authority ASF wirhdreww the licence of Euroins Romania in March
Western Balkans: Alcazar receives 490 million USD to finance renewables Read More »
Luxembourg infrastructure fund Alcazar Energy Partners II has reached a final closing of US$490 million after successfully acquiring the project rights for its first two wind farms in the Western Balkans, totaling 456 MW. Since first closing in November 2022, the fund has attracted eight additional investors, including the US International Development Finance Corporation (DFC).
The operator of the Greece-Bulgaria natural gas pipeline, ICGB, launched the binding phase of market testing for expanding the pipeline’s capacity from 3 to 5 billion cubic metres annually. In collaboration with natural gas transmission system operators, ICGB has published notices for the binding phase to gauge market interest in booking the pipeline’s incremental capacity,
Bulgaria: Bulgartransgaz chooses contractors for the Vertical Gas Corridor expansion Read More »
Gas transmission operator Bulgartransgaz has successfully finalized the most important public procurement related to the implementation of the Vertical Gas Corridor concept, the company said in a press release. This procurement covers spatial planning, investment design, procurement of necessary materials and equipment, construction, and commissioning of new sites to expand Bulgartransgaz EAD’s gas transmission infrastructure.
Croatia: Statkraft takes over Neoen’s portfolio of projects Read More »
This includes all of Neoen’s projects in the early stages of development: wind power projects, solar power projects, as well as battery energy storage system (BESS) projects. Neoen has been present in Croatia since mid-2020, while Statkraft started its operations in Croatia in 2021. Now, having received all necessary regulatory approvals, Statkraft will initiate its
Greek gas-fired power plants are planned to contribute a total of 5.4 TWh to the energy mix in 2030, down from 19 TWh in 2022, a 72 percent reduction that will be unavoidable as a result of the influx of more renewables, Aristotelis Aivaliotis, the energy ministry’s General Secretary of Energy and Natural Resources, has
Romania: BSOG advances 3GW offshore wind project in Black Sea Read More »
BSOG, which launched natural gas extraction in the Midia perimeter in Romania’s shallow Black Sea waters (MGD Project), decided to go ahead with its offshore wind project in the same place after completing the feasibility study. BSOG and its partners plan to develop 3GW, according to recent announcement. The consultant, OWC, announced that it completed
