Romania: Engie acquired 80 MW wind park Read More »
Engie has completed the acquisition process of an operational onshore wind farm with a capacity of 80 MW, previously owned by the EnerCap Capital Partners Group and EP Global Energy. Located in Chirnogeni, Constanța County, the wind farm benefits from the favorable wind conditions specific to the region and is predicted to generate an annual […]
Greece: PPC posts net profit of 86 million euros in Q1 Read More »
Greek energy utility PPC recorded a net profit of 86 million euros in the first quarter, up from 51 million euros in the same period of 2023. The company had a recurring EBITDA of 459 million euros, up 64 percent from Q1 2023, due to the higher contribution of distribution activity, improved integrated profitability and
Greece: US DFC interested in participating in the Great Sea Interconnector project Read More »
The US International Development Finance Corporation (DFC) has expressed an interest in participating in the Great Sea Interconnector project linking the electrical grids of Greece, Cyprus and Israel via undersea cables, Greece’s Independent Power Transmission Operator (IPTO) has said. With a capacity of 2,000 megawatts and bidirectional capabilities, the interconnector project aims to bolster energy
Serbia: Nofar Energy to develop the largest solar project in the country Read More »
The upcoming unveiling of Serbia’s largest solar park, located in Ada, will mark a significant milestone for Nofar Adria, a company primarily owned by Israeli firm Nofar Energy. With a total capacity of 26 NW, this solar facility represents a substantial investment of 30 million euros and is expected to generate approximately 33,150,000 kWh of electricity annually.
Slovenia: Krsko NPP expansion project estimated at 9.3 to 15.4 billion euros Read More »
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,
Slovenia gets 68% of its gas from Austria Read More »
In 2023 Slovenia imported 68.3% of its gas from Austria and 28.3% from Algeria, through Italy, according to data published by the Energy Agency. The agency sdded that Russian gas still represents a large share of the gas imported from Austria. Slovenia is one of five EU states that have not cut gas consumption by
SEE region: Electricity prices ranged between 66 and 91 euros euros/MWh in week 19 Read More »
In week 19, electricity prices in SEE region increased compared to the previous week, by 25% in average, due to the higher electricity demand, the drop in wind energy production and the increase of CO2 emission right futures. Most markets reached the highest on Monday May 6 and then fell back over the course of the week.
Romania: Electrica reports net profit of 25,6 million euros in Q1 Read More »
In the first three months of 2024, EBITDA at the Electrica Group level increased by 170 percent, reaching RON 400.8 million (80.5 million euros), compared to RON 148.7 million (29.9 million euros) achieved in the first three months of 2023. The EBITDA growth was mainly driven by the operational performance of the distribution segment on
Romania: Hidroelectrica’s net profit reached 265 million euros in Q1 Read More »
Hidroelectrica records a decrease in operational and financial results for the first three months of 2024 compared to the same period in 2023, in line with the approved budget. Hiroelectrica’s operating margin and net margin decreased by 2 percent and 1 percent, respectively, compared to the same period in 2023, mainly due to the decrease
Bulgaria: Botas to deliver LNG to Bulgargaz in June Read More »
Turkish natural gas and LNG company Botas will supply one liquefied natural gas cargo in June to Bulgaria’s Bulgargaz following the completion of a recent tender. Earlier this month, Bulgargaz launched a tender seeking one cargo of about 1 TWh (3,400,000 MMBtu) for delivery to LNG terminals in Turkiye from June 24 to June 25.
