Bosnia and Herzegovina: Entities reach agreement on new electricity market law Read More »

Bosnia and Herzegovina: Entities reach agreement on new electricity market law

The entities of Bosnia and Herzegovina have agreed on the text of a new law that will regulate the country’s electricity market. Along with legislation concerning the electricity regulator and transmission system, the new law lays the groundwork for establishing a Bosnian power exchange, which will be based in Mostar. This development marks a major […]

Romania: OMV Petrom and Romgaz advance Neptun Deep project with new exploration well Read More »

Romania: OMV Petrom and Romgaz advance Neptun Deep project with new exploration well

OMV Petrom and Romgaz, partners in the Neptun Deep offshore gas project, are preparing to drill a new exploration well as part of their concession agreement commitments. The companies have identified two potential drilling locations, both of which will undergo permitting, though only one site will ultimately be selected for operations. The exploration activity represents

Romania: ENNA Solar expands into romanian market with major solar project acquisition Read More »

Romania: ENNA Solar expands into romanian market with major solar project acquisition

Croatia’s ENNA Solar, part of the ENNA Group, has signed an agreement with Austria’s Kraftfeld Energy to acquire a ready-to-build solar project in Romania. The deal includes full ownership of special purpose vehicle PVP Cepheus, which developed the project in Giurgiu county. The 87.5 MW solar plant will be constructed in Mihăilești, approximately 25 km

Montenegro: EPCG reports sharp profit decline in 2024 amid hydrological and market challenges Read More »

Montenegro: EPCG reports sharp profit decline in 2024 amid hydrological and market challenges

Montenegro’s state-owned power utility EPCG recorded a net profit of €10.2 million in 2024, marking an 80.5% decrease from the €52.5 million profit achieved in 2023. The company’s pre-tax profit stood at €12.47 million, with retained earnings reaching €70.17 million by year-end. EPCG cited multiple factors for the profit slump, including unfavorable hydrological conditions that

Montenegro: EPCG cancels second tender for Otilovici small hydropower plant over bid compliance issues Read More »

Montenegro: EPCG cancels second tender for Otilovici small hydropower plant over bid compliance issues

Montenegro’s state-owned power utility EPCG has terminated its second tender for the design and construction of the Otilovici small hydropower plant after rejecting all submitted proposals. The public procurement commission dismissed bids from three consortia led by local firms Vigoris Ecotech, Permonte, and Elnos Crna Gora. While all three offers aligned with the tender’s estimated

Europe sees 30% surge in solar power in early 2025, setting the stage for a record-breaking year Read More »

Europe sees 30% surge in solar power in early 2025, setting the stage for a record-breaking year

Solar electricity generation across Europe jumped by over 30% in the first quarter of 2025 compared to the same period in 2024, signaling a potential record year for the continent’s solar energy output. Data from Ember shows that solar installations produced nearly 68 terawatt-hours (TWh) of electricity between January and March—a 32% increase year-on-year. In

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