Croatia: INA Group posts strong Q1 2025 results with 197% surge in net profit Read More »

Croatia: INA Group posts strong Q1 2025 results with 197% surge in net profit

INA Group reported a net profit of €35.4 million in the first quarter of 2025, reflecting a sharp 197% increase compared to the same period in 2024. The company’s net sales revenue rose by 14% year-on-year to €916.3 million, while clean CCS EBITDA (excluding special items) climbed 38% to reach €88 million. Capital investments for […]

Europe sees over 30% surge in solar electricity in Q1 2025, setting stage for record year Read More »

Europe sees over 30% surge in solar electricity in Q1 2025, setting stage for record year

Solar electricity production in Europe jumped by more than 30% in the first quarter of 2025 compared to the same period in 2024, marking a strong start to what could be a record-breaking year for solar energy in the region. According to data from Ember, Europe generated nearly 68 terawatt hours (TWh) of solar power

Bosnia and Herzegovina: Insufficient coal for inefficient thermal power plants Read More »

Bosnia and Herzegovina: Insufficient coal for inefficient thermal power plants

Bosnia and Herzegovina (BiH) has become increasingly dependent on imported electricity due to insufficient coal production and outdated thermal power plants, says energy expert Almir Muhamedbegović. The country’s electricity generation has fallen by 15% from 2021 to 2024, and it now lacks enough power to meet domestic demand. As a result, electricity imports surged by

Region: Southeast European electricity market sees price drop amid gas retreat and renewable surge Read More »

Region: Southeast European electricity market sees price drop amid gas retreat and renewable surge

In Week 17 of 2025, wholesale electricity prices declined across most Southeast European (SEE) countries, mainly due to a drop in natural gas prices and an increase in renewable energy generation. Spot prices across continental Europe have more than halved since early 2025, driven by a significant fall in regional gas costs, which are down

Europe: Electricity demand drops in most markets, temperatures and holidays impact consumption in April 2025 Read More »

Europe: Electricity demand drops in most markets, temperatures and holidays impact consumption in April 2025

During the fourth week of April, electricity demand saw a decline across most major European markets. Italy experienced the largest drop, with a decrease of 14%, followed by Portugal and France, which recorded decreases of 6.0% and 3.4%, respectively. Belgium and Germany showed the smallest declines, with 0.6% and 0.5% reductions. Germany’s demand continued its

Europe: Solar energy production hits new milestones, while wind power declines in April 2025 Read More »

Europe: Solar energy production hits new milestones, while wind power declines in April 2025

During the week of April 21, solar photovoltaic energy production saw increases across all major European electricity markets, reversing the declines observed the previous week. The Portuguese market experienced the highest growth, rising by 62%, followed by Italy and Spain, with increases of 38% and 33%, respectively. The German market saw the lowest growth at

Serbia: Revitalization of Bajina Basta pumped-storage hydropower plant progresses as planned Read More »

Serbia: Revitalization of Bajina Basta pumped-storage hydropower plant progresses as planned

The second phase of the revitalization of Serbia’s Bajina Basta pumped-storage hydropower plant (HPP) is progressing smoothly, with equipment dismantling completed and testing currently underway. HPP Bajina Basta plays a vital role in the operations of Electric Power Industry of Serbia (EPS) and the country’s national electricity grid. The refurbishment aims to enhance the plant’s

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