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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

Greece: US DFC interested in participating in the Great Sea Interconnector project Read More »

Greece: US DFC interested in participating in the Great Sea Interconnector project

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 »

Serbia: Nofar Energy to develop the largest solar project in the country

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 »

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,

SEE region: Electricity prices ranged between 66 and 91 euros euros/MWh in week 19 Read More »

SEE region: Electricity prices ranged between 66 and 91 euros euros/MWh in week 19

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.

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