The Republic of Srpska (RS) plans to add at least 250 megawatts of solar energy to its electricity grid within the next three years, according to the RS Minister of Energy and Mining, Petar Djokić, who spoke at the Belgrade Energy Forum 2025. Minister Djokić stated that the entity has already secured agreements and partnerships […]
Serbia: Solarina signs agreements with EPS for 150 MW solar power plant Read More »
Solarina, a local company owned by CWP Europe, has signed agreements with Serbia’s state-owned power utility, EPS, concerning the purchase of electricity, the transfer of balancing responsibility, and a market premium contract. These agreements stem from a recent renewable energy auction organized by the Serbian Government. As part of the auction, Solarina secured the right
Serbia and Russia move closer to finalizing new gas supply agreement Read More »
Following official discussions between the Presidents of Serbia and Russia in Moscow, representatives from Srbijagas and Gazprom have resumed negotiations to finalize a new gas supply agreement, with the current contract set to expire at the end of May. Dusan Bajatovic, General Director of Srbijagas, stated that the new agreement could last for up to
Romania: Alerion Clean Power secures €18.5 million loan for 35 MW solar plant Read More »
Italian renewable energy company Alerion Clean Power has obtained €18.5 million in financing from Banca Comerciala Romana (BCR) to support the construction of a new photovoltaic plant in Călărași County, Romania. The facility will have an installed capacity of 35 MW and represents a total investment of €26.8 million. The loan is scheduled to mature
Montenegro: CGES doubles Q1 profit in 2025 on higher revenues and stable costs Read More »
Montenegro’s electricity transmission system operator CGES posted a net profit of 7.7 million euros in the first quarter of 2025, nearly doubling the 3.9 million euros recorded in the same period last year. According to the company’s financial report, net sales in the first three months of 2025 reached 25.9 million euros, representing a 12.6
Montenegro: Pljevlja Coalmine posts strong Q1 2025 results with profit nearly doubling Read More »
Pljevlja Coalmine recorded a net profit of 6.3 million euros in the first quarter of 2025, marking a significant increase compared to the 3.7 million euros earned during the same period in 2024. According to the company’s financial report, sales revenues reached 18.7 million euros in the first three months of the year, up by
A new solar power plant with an installed capacity of approximately 28.5 megawatts has been commissioned at Holcim Hungary’s cement facility in Királyegyháza, located in southwestern Hungary near Pécs. Developed by ID Energy Group, the plant is expected to provide nearly one-third of the electricity needed for the cement factory’s operations. Holcim Hungary stated that
The future of the major submarine electricity interconnection between Crete and Cyprus, known as the Great Sea Interconnector, is now uncertain due to financial difficulties and geopolitical tensions. In response, Greek authorities and the transmission network operator ADMIE are considering an alternative plan to redirect the under-construction cable to the Aegean Sea. The situation developed
Bulgaria postpones electricity market liberalization for households Read More »
The planned liberalization of Bulgaria’s electricity market for household consumers has been postponed indefinitely, according to Plamen Mladenovski, Chairman of the Energy and Water Regulatory Commission (KEVR). The decision was made following the latest proposals submitted to the Parliamentary Energy Committee. For the time being, the liberalization process will apply only to the wholesale electricity
Bosnia and Herzegovina’s gas debt to Russia: Background and ongoing dispute Read More »
Bosnia and Herzegovina (BiH) owes Russia $104.8 million in gas debt, according to the BiH Ministry of Finance and Treasury. This amount includes $22.7 million of pre-war debt and $82.1 million accumulated during the 1992–1995 war. A commission was formed in 2006 to determine the exact amount of debt owed for gas deliveries, covering the
