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Greece: Renewable energy production exceeded 8 TWh in the first four months Read More »

Greece: Renewable energy production exceeded 8 TWh in the first four months

In the first four months of 2024, renewable energy sources surpassed fossil fuels in Greece’s electricity mix for the first time, reducing the sector’s emissions to a new low. Renewable energy sources plus large hydro accounted for 8.09 TWh of total production from January through April, while natural gas, lignite and oil contributed 498 GWh […]

Europe: Confirmation of the go-live date for Intraday Auctions on June 13 Read More »

Europe: Confirmation of the go-live date for Intraday Auctions on June 13

Following extensive testing and go-live preparation for the upcoming Intraday Auctions (IDAs), Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) confirmed the IDA go-live date of June 13, 2024, for delivery on June 14, 2024. The first SIDC auction will take place on 13 June 2024 at 3 PM CET. Pricing the intraday

Romania: TMK Hydroenergy commissioned a 1 MW floating solar power plant Read More »

Romania: TMK Hydroenergy commissioned a 1 MW floating solar power plant

TMK Hydroenergy Power, in partnership with Innovation Norway, developed the first floating photovoltaic energy system in Romania, on the lake of the Grebla hydropower plant, a landmark in renewable energy and produces over 1 million kWh of green energy annually. The initiative represents a pioneering action and marks a significant step towards sustainability, through the simultaneous

Romania: Hidroelectrica’s shares 2.6% down after company revises 2024 profit forecast Read More »

Romania: Hidroelectrica’s shares 2.6% down after company revises 2024 profit forecast

The revised financial projection for 2024, including a 14.2% downward revision of the net profit notified by the management of Hidroelectrica to shareholders, sent the company’s shares down by 2.55%.  The revision was prompted by a change in the electricity price outlook, only partly compensated by the higher production forecast.  Total operating revenues are rectified

Romania: Rompetrol Rafinare invested 16 million USD in two modern reactors at the Petromidia refinery Read More »

Romania: Rompetrol Rafinare invested 16 million USD in two modern reactors at the Petromidia refinery

Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), introduced two modern reactors into the operational flow of the Petromidia refinery, part of the Middle Distillate Hydrotreating (HDV) unit. The investment of about 16 million dollars, implemented as part of the recently completed general turnaround, will lead to increased amounts of loaded catalysts.

EPS doubles its profit in Q1 Read More »

EPS doubles its profit in Q1

The Board of Directors of Elektroprivreda Srbije (EPS) Joint Stock Company adopted the Report on the three-year business plan implementation for the first quarter of 2024, revealing that the company’s profit reached 28.3 billion dinars. This figure is twice as high as projected, EPS announced today. The profit marks a five percent increase compared to

North Macedonia: Net electricity production fell to 428 GWh in March Read More »

North Macedonia: Net electricity production fell to 428 GWh in March

Gross electricity production in North Macedonia decreased by an annual 35.3% in March 2024, to 455,607 MWh, according to the data published by the statistical office Makstat. In the same period, net electricity generation fell to 427,947 MWh from 661,657 MWh in March 2023. Thermal power plants contributed the largest portion of gross electricity production, but their production

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