Serbia: US extends sanctions deadline for NIS until late September Read More »

Serbia: US extends sanctions deadline for NIS until late September

The US Department of the Treasury has once again delayed the enforcement of sanctions on Serbian oil company NIS, marking the sixth extension of the deadline. According to the Serbian Government, the new date for the possible implementation is set for 26 September. Officials emphasized that despite ongoing geopolitical challenges, NIS continues to ensure stable […]

Romania: End of price caps and VAT hike drive sharp rise in electricity bills Read More »

Romania: End of price caps and VAT hike drive sharp rise in electricity bills

Electricity bills for July and part of August 2025 in Romania are significantly higher than in previous months, driven by multiple factors. A heatwave increased consumption as air conditioners and cooling devices were used extensively. At the same time, the government ended the price cap and compensation scheme that had been in place from November

Romania: Energy Vault partners with Astor Enerji to deploy 2 GWh of battery storage for solar projects Read More »

Romania: Energy Vault partners with Astor Enerji to deploy 2 GWh of battery storage for solar projects

Swiss energy storage company Energy Vault has signed an agreement to provide up to 2 GWh of battery capacity for solar projects in Romania owned by Turkish firm Astor Enerji. The partnership combines Energy Vault’s large-scale storage expertise with Astor’s recent entry into the Romanian renewable energy market. Astor Enerji acquired four solar projects in

Romania: PPC Renewables begins construction of Deleni wind farm, set to become largest in Moldova region Read More »

Romania: PPC Renewables begins construction of Deleni wind farm, set to become largest in Moldova region

PPC Renewables Romania has commenced turbine installation at the Deleni wind project in Vaslui County, marking the start of what will become the largest wind farm in Romania’s Moldova region. Once completed, the facility will feature 23 wind turbines with a combined installed capacity of 140 MW. The project employs GE Vernova turbines rated at

Romania: State-owned EC Oltenia launches spin-off of lignite assets as part of coal phase-out plan Read More »

Romania: State-owned EC Oltenia launches spin-off of lignite assets as part of coal phase-out plan

Romanian state-owned electricity producer Energy Complex (EC) Oltenia, the country’s largest coal-based power generator under the control of the Ministry of Energy, has initiated the process of transferring its lignite-fired power plants and associated mining operations into a newly established subsidiary. This coal-focused entity is part of a broader restructuring and decarbonization plan approved by

Region: Qair expands wind energy portfolio in Romania and Moldova, secures 135.5 MW capacity Read More »

Region: Qair expands wind energy portfolio in Romania and Moldova, secures 135.5 MW capacity

French renewable energy developer Qair has strengthened its presence in Eastern Europe by securing a total of 135.5 MW of wind power capacity in Romania and Moldova. In Moldova, the company finalized a power purchase agreement for a 27.5 MW wind farm, awarded through the country’s first competitive renewable energy auction. Meanwhile, in Romania, Qair

Hungary: Paks II nuclear project set to begin major construction phase in November Read More »

Hungary: Paks II nuclear project set to begin major construction phase in November

Hungary’s Paks II nuclear project is entering a critical phase this November, when Rosatom, the Russian state-owned nuclear company, is scheduled to pour the first concrete for two new 1,200 MW reactors. This milestone marks the transition from preparatory groundwork to full-scale construction and is widely regarded in the nuclear industry as the official start

Europe faces winter energy challenges amid reduced Russian gas supplies and rising security risks Read More »

Europe faces winter energy challenges amid reduced Russian gas supplies and rising security risks

Europe is preparing for the upcoming winter season amid reduced Russian pipeline supplies following the halt of transit through Ukraine. Currently, the only active route for Russian gas into the EU is via TurkStream, passing through Bulgaria. Gas traders closely followed meetings between US President Donald Trump, Russian President Vladimir Putin, and later Ukrainian President

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