Montenegrin electricity transmission system operator, CGES, reported a net profit of 24.8 million euros in 2024, marking a decline from the previous year’s net profit of 35.7 million euros. The company’s net sales for the year amounted to 97.7 million euros, a 9.9% decrease compared to 2023. Despite the drop in revenue, operating expenses were […]
Hungary: MOL completes acquisition of O&GD’s gas fields in Bekes County Read More »
MOL, Hungary’s leading oil and gas company, has announced the successful acquisition of O&GD’s gas fields near Endrod in southeastern Hungary, including the associated infrastructure. The site spans approximately 1,000 square kilometers and contains 29 active wells, currently producing hydrocarbons with a daily output of about 1,000 barrels. This acquisition is expected to significantly contribute
Croatia: Electricity trading on CROPEX in March 2025 Read More »
In March 2025, a total of 1,095,735.5 MWh of electricity was traded on the Croatian energy exchange CROPEX, marking a 7.4% decrease compared to February. Of this, 829,619.8 MWh was traded on the day-ahead market, while 266,115.7 MWh was traded on the intraday market, setting a new monthly volume record for the intraday market. Compared
Bulgaria: IBEX reports decrease in electricity trading volumes and prices in March 2025 Read More »
In March 2025, a total of 2,396,369.9 MWh of electricity was traded on the day-ahead market of the Independent Bulgarian Energy Exchange (IBEX), marking a 7.7% decrease compared to February. The average daily traded volume for the month was 77,302.3 MWh. When compared to the same period in 2024, the traded volume in March was
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.
