Greece and Italy prepare for seabed surveys to triple power link capacity Read More »

Greece and Italy prepare for seabed surveys to triple power link capacity

Preparatory work is underway for seabed surveys in advance of a major undersea electricity interconnection project between Greece and Italy. The initiative aims to boost the transmission capacity between the two countries from the current 500 MW to 1,500 MW. These exploratory surveys are expected to begin soon and will be crucial in shaping the […]

Croatia: Electricity production drops in February 2025 amid increased imports Read More »

Croatia: Electricity production drops in February 2025 amid increased imports

According to the latest short-term energy statistics from the Croatian Bureau of Statistics, Croatia’s net electricity production in February 2025 totaled 1,185 GWh, marking a 6.8% decrease compared to 1,272 GWh produced in February 2024. Hydropower plants contributed the largest share, generating 499 GWh or 42.1% of total electricity. Thermal power plants followed with 344

Brent oil, TTF gas and CO2 emission allowance prices see fluctuations in April’s second week Read More »

Brent oil, TTF gas and CO2 emission allowance prices see fluctuations in April’s second week

In the second week of April, settlement prices for Brent oil futures in the ICE market remained below $70 per barrel. On Tuesday, April 8, these futures reached their weekly minimum price at $62.82 per barrel, the lowest since April 7, 2021. However, a 4.2% increase in prices saw the futures reach their weekly peak

Electricity demand declines across most major European markets in early April Read More »

Electricity demand declines across most major European markets in early April

During the week of April 7, electricity demand decreased in most major European markets compared to the previous week. Demand in Germany, France, and Spain fell for the fourth consecutive week, while in Portugal, it dropped for the third consecutive week. The French and Portuguese markets saw the largest declines, with demand falling by 4.9%

Solar energy production hits records in Italy and France, while wind energy declines across Europe Read More »

Solar energy production hits records in Italy and France, while wind energy declines across Europe

During the week of April 7, solar photovoltaic energy production increased across major European markets compared to the previous week. The Iberian Peninsula saw the most significant gains, with Spain up by 17% and Portugal increasing by 10%. The German market recorded the smallest increase, at just 1.0%. Additionally, both the Italian and French markets

Serbia establishes SPV Banatski Dvor to oversee strategic gas storage expansion Read More »

Serbia establishes SPV Banatski Dvor to oversee strategic gas storage expansion

The Serbian Government has approved the creation of a new state-owned company, SPV Banatski Dvor, based in Novi Sad, to manage the expansion of the country’s only underground gas storage facility in Banatski Dvor. The expansion project, which is already in progress, aims to double the storage capacity to enhance Serbia’s energy security, addressing rising

Romania ends 2024 as net electricity importer amid weak hydropower and wind output Read More »

Romania ends 2024 as net electricity importer amid weak hydropower and wind output

In 2024, Romania became a net importer of electricity due to a poor performance from its hydropower plants and underwhelming wind energy generation. According to the National Institute of Statistics (INS), electricity exports totaled 10.8 TWh, while imports reached 13.8 TWh, resulting in a commercial deficit of 3 TWh. From a financial perspective, electricity exports

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