TTF gas prices rose slightly in Week 39 of 2025 but remained within a narrow range. The gradual completion of maintenance works in Norway helped increase gas supply, while strikes in France disrupted LNG deliveries and limited imports. TTF gas futures on the ICE market for November 2025 delivery showed a modest increase during the […]
Europe: Electricity prices in Southeast and Central Europe surge in Week 39 of 2025 Read More »
During Week 39 of 2025, electricity market prices recovered significantly compared to Week 38 across Southeast European countries. All markets reported weekly average prices above €90/MWh, with Italy and Hungary exceeding €100/MWh. The increase was driven by rising weekly gas and CO2 emission allowance prices, even though electricity demand declined in most markets, along with
E.ON Energie Romania has reached a major milestone with the completion and delivery of its 400th turnkey solar power plant for partner companies, achieved in September. The total value of these projects exceeds 75 million euros. The solar facilities, installed across multiple partner locations, cover more than 374,000 square meters and include approximately 187,000 panels.
Hungary secures 10-year LNG supply deal with Engie to bolster energy security Read More »
Hungary has concluded its longest-ever liquefied natural gas (LNG) supply agreement with French company Engie, securing long-term energy stability through a 10-year contract running from 2028 to 2038. Under the deal, Hungary will import 400 million cubic meters of LNG annually, amounting to a total of 4 billion cubic meters over the contract period. Deliveries
Bulgaria: Sunterra RE expands battery storage capacity at Kaloyanovo solar power plant Read More »
Bulgarian renewable energy company Sunterra RE has expanded the capacity of its Kaloyanovo solar power plant near Plovdiv by installing an additional battery energy storage system (BESS). The new system provides 47 MW of installed power and 94 MWh of storage capacity. The project is intended to enhance grid stability by storing surplus solar energy
Hidroelectrica has selected the local subsidiary of Danish wind turbine manufacturer Vestas to handle maintenance for the wind turbines at the Crucea Nord wind farm. The five-year agreement, valued at €20 million before VAT, covers full upkeep of the Vestas V112 – 3 MW MK1a turbines and associated SCADA, PPC, and AEOS control systems. Under
Greece: EIB approves €25.9 million green financing for Iberdrola’s Gatza wind farm Read More »
The European Investment Bank (EIB) has approved a green financing package of €25.9 million to support the construction of a new wind farm in central Greece by Spanish energy company Iberdrola. The Gatza wind farm will be situated across the municipalities of Orchomenou and Lokron in the Viotia and Fthiotida regions. Upon completion, the project
Greece and Egypt sign MoU to advance GREGY subsea electricity interconnection project Read More »
Greece’s and Egypt’s electricity transmission system operators, ADMIE and EETC, have formalized cooperation with ELICA, a subsidiary of the Copelouzos Group, through a newly signed Memorandum of Understanding (MoU) on the GREGY project. The agreement advances the GREGY electricity interconnection project, a planned subsea link between Egypt and Greece, which is recognized as both a
Earlier this year, the U.S. Department of the Treasury introduced sanctions targeting Russia’s energy sector, which are now being applied to Serbian oil company NIS. This affects NIS’s crude oil transport agreement with Croatian pipeline operator JANAF, valid from 1 January 2024 to 31 December 2026. Under the contract, NIS reserved pipeline capacity under a
The liquefied natural gas (LNG) terminal in Alexandroupoli, Greece, is preparing to increase its operations after being out of service since January due to a booster pump malfunction. Bulgartransgaz, Bulgaria’s natural gas transmission operator, reported that the facility is expected to restore 75% of its processing capacity starting 1 October, with full output of around
