Romania’s electricity transmission system operator Transelectrica closed the first nine months of 2025 with a net profit of €36.6 million, representing a steep 56% decline compared to the same period last year. The downturn reflects a combination of shrinking revenues and rising operational costs across several business segments. Total operating revenues fell slightly to €343 […]
Romania: ib vogt secures €55 million for 68.4 MW solar project Read More »
A major solar project in Romania has advanced to its next phase after German renewables developer ib vogt GmbH secured €55 million in financing and achieved financial close for a 68.4 MW solar power plant in the country’s northwest. The milestone represents another step in the company’s broader expansion across Central and Eastern Europe. The
Montenegro: Gvozd wind farm nears trial operations for late 2025 Read More »
Montenegro’s state-owned power utility EPCG is advancing steadily toward the commissioning of its first wind power plant, the 55 MW Gvozd project, with trial operations expected to begin before the end of 2025. Installation of the turbines, supplied by Germany’s Nordex, began in October. According to project manager Nikola Vukotić, the transport of all turbine
US energy giant Chevron is evaluating selective opportunities to acquire parts of the international portfolio of Russian oil company Lukoil, which is currently under US sanctions. The move comes after the US Department of the Treasury last week granted potential buyers permission to engage in preliminary discussions with Lukoil regarding its overseas assets. With this
Europe must double grid investment to meet 2050 targets, industry says Read More »
More than one-third of Europe’s low-voltage electricity networks are already over 40 years old, and without decisive action that share could rise to 90% by 2050. Eurelectric, the association representing the European electricity industry, warns that the continent’s climate and energy goals are in jeopardy unless network expansion, modernization and digitalization accelerate significantly. Ahead of
Europe: Brent oil rebounds, TTF gas hits six-month low in mid-November Read More »
Brent crude oil futures for the Front Month on the ICE market reached their highest settlement price of the week — $65.16/bbl — on Tuesday, November 11. After a 3.8% drop from the previous day, the weekly low was recorded on November 12 at $62.71/bbl. Prices then recovered in the final sessions of the week,
Europe: Electricity prices fall in most markets as wind output rises Read More »
During the second week of November, average electricity prices fell in most major European markets compared to the previous week. The only exceptions were Italy’s IPEX market and the Nordic Nord Pool market, where prices rose by 3.8% and 6.1%, respectively. France’s EPEX SPOT market recorded the largest decrease, with prices dropping by 34%. In
Europe: Electricity demand rises in most markets despite holiday dip Read More »
During the week of November 10, electricity demand rose in most major European markets compared to the previous week. Portugal recorded the largest increase at 5.8%, while Germany posted the smallest rise at 1.1%. Demand also grew in Italy, Spain, and the United Kingdom by 2.2%, 2.9%, and 4.2%, respectively. All markets with rising demand
Europe: Solar output falls, wind generation rises in mid-November Read More »
During the week of November 10, solar photovoltaic production declined across all major European markets compared to the previous week. Portugal recorded the steepest drop at 45%, while Italy experienced the smallest decrease at 11%. Production also fell in France, Spain, and Germany by 18%, 21%, and 27%, respectively. Looking ahead to the week of
Slovenia: NPP Krsko exceeds planned output in October despite maintenance outage Read More »
In October 2025, the Krsko nuclear power plant, jointly owned by Slovenia and Croatia, generated 29,621 MWh of net electricity, exceeding the planned monthly output of 24,000 MWh by 23.4 percent. The plant remained offline for most of the month due to scheduled maintenance and was reconnected to the grid on 28 October. In the
