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Greece: The share of coal in the electricity mix fell to 2% in April Read More »

Greece: The share of coal in the electricity mix fell to 2% in April

The remaining lignite-fired power plants in Greece have faded from the picture, as highlighted by latest electricity market data showing the grid’s needs are now being covered by gas-fueled power stations, renewables, hydropower plants and electricity imports. Energy-mix data concerning last week showed that lignite-fired power stations were completely sidelined. Gas-fueled power stations and renewables […]

Croatia: Ohmium to supply PEM electrolyzers for INA’s green hydrogen project Read More »

Croatia: Ohmium to supply PEM electrolyzers for INA’s green hydrogen project

Ohmium International, a green hydrogen company that designs, manufactures and deploys advanced proton exchange membrane (PEM) electrolyzers, has been selected to equip what is said to be the first green hydrogen project in Croatia. Ohmium will serve as the PEM electrolyzer supplier for IVICOM, a Croatian engineering and construction company, on a project to build

Romania: Successful go-live for BRM as the second NEMO within the European Single Intraday Coupling m Read More »

Romania: Successful go-live for BRM as the second NEMO within the European Single Intraday Coupling m

The Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) cooperating in the BRM Local Implementation Project, which aims at integrating BRM into the European Single Intraday Coupling market (SIDC), confirmed the successful addition of BRM’s trading platform to SIDC. The integration of BRM’s trading platform into SIDC marks another important milestone towards increasing

Romania: E.ON explores options to sell the Romanian energy supply business Read More »

Romania: E.ON explores options to sell the Romanian energy supply business

The German utility group E.ON is “exploring the option” of selling the electricity and natural gas supply operations in Romania because the risk-return ratio is deteriorating due to frequent changes in the energy capping scheme, announced Leonhard Birnbaum, E.ON’s CEO, speaking on the occasion of the Eurelectric Power Summit 2024 in Athens on May 21.

Romania: Fitch assigns Romgaz ‘BBB-‘ Rating Read More »

Romania: Fitch assigns Romgaz ‘BBB-‘ Rating

Fitch Ratings has assigned Romanian Romgaz a first-time ‘BBB-‘ Long-term Issuer Default Rating (IDR) with a Stable Outlook. Romgaz’s ‘BBB-‘ rating benefits from a one-notch uplift from its ‘bb+’ Standalone Credit Profile (SCP) for state support, as per our Government-Related Entities (GRE) Rating Criteria. The SCP reflects Romgaz’s dominant position in Romania’s natural gas market,

Slovenia: Krsko NPP expansion project estimated at 9.3 to 15.4 billion euros Read More »

Slovenia: Krsko NPP expansion project estimated at 9.3 to 15.4 billion euros

Slovenian energy group Gen-Energija said an expansion of Krsko nuclear power plant’s capacity by 1,000 MW will cost an estimated 9.3 billion euros. The estimated investment value is 9,300 euros per kW of installed power. This means 9.3 billion euros for 1,000 MW and 15.4 billion euros for 1,650 MW, Gen-Energija’s executive director for finance,

Romania: Rompetrol seeksa partner for a green hydrogen project at its refinery Read More »

Romania: Rompetrol seeksa partner for a green hydrogen project at its refinery

Rompetrol Rafinare is seeking a partner to build and operate a green hydrogen plant to decarbonise its Petromidia Refinery. The plant should be located near or on the grounds of the refinery and be capable of producing 11,000 tons of green hydrogen annually. This necessitates a renewable electricity supply of around 75 MW which should

Serbia: EPS to receive 100-million-euro Italian loan for decarbonisation projects Read More »

Serbia: EPS to receive 100-million-euro Italian loan for decarbonisation projects

Italian development bank Cassa Depositi e Prestiti will provide a 100 million euro financing package to Serbian power utility Elektroprivreda Srbije to support the decarbonisation process, EPS said in a press release. The initiative aims to bolster renewable energy use, enhance energy sector security, and promote sustainability, supporting Serbia’s plans for renewable energy expansion and

Serbia: Energy-intensive companies seek state support in the decarbonisation process Read More »

Serbia: Energy-intensive companies seek state support in the decarbonisation process

Companies in Serbia are not afraid of decarbonisation and the European Union’s Carbon Border Adjustment Mechanism (CBAM), but they are worried that the state does not recognise what needs to be done to help the affected industries protect jobs and maintain competitiveness. Producers of cement, steel, aluminium, and mineral fertilisers claim they need neither money

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