The operator of the Greece-Bulgaria natural gas pipeline, ICGB, launched the binding phase of market testing for expanding the pipeline’s capacity from 3 to 5 billion cubic metres annually. In collaboration with natural gas transmission system operators, ICGB has published notices for the binding phase to gauge market interest in booking the pipeline’s incremental capacity, […]
Greece: PPC posts net profit of 86 million euros in Q1 Read More »
Greek energy utility PPC recorded a net profit of 86 million euros in the first quarter, up from 51 million euros in the same period of 2023. The company had a recurring EBITDA of 459 million euros, up 64 percent from Q1 2023, due to the higher contribution of distribution activity, improved integrated profitability and
Greece: US DFC interested in participating in the Great Sea Interconnector project Read More »
The US International Development Finance Corporation (DFC) has expressed an interest in participating in the Great Sea Interconnector project linking the electrical grids of Greece, Cyprus and Israel via undersea cables, Greece’s Independent Power Transmission Operator (IPTO) has said. With a capacity of 2,000 megawatts and bidirectional capabilities, the interconnector project aims to bolster energy
Serbia: Nofar Energy to develop the largest solar project in the country Read More »
The upcoming unveiling of Serbia’s largest solar park, located in Ada, will mark a significant milestone for Nofar Adria, a company primarily owned by Israeli firm Nofar Energy. With a total capacity of 26 NW, this solar facility represents a substantial investment of 30 million euros and is expected to generate approximately 33,150,000 kWh of electricity annually.
Bulgaria: Bulgartransgaz chooses contractors for the Vertical Gas Corridor expansion Read More »
Gas transmission operator Bulgartransgaz has successfully finalized the most important public procurement related to the implementation of the Vertical Gas Corridor concept, the company said in a press release. This procurement covers spatial planning, investment design, procurement of necessary materials and equipment, construction, and commissioning of new sites to expand Bulgartransgaz EAD’s gas transmission infrastructure.
Slovenia: Krsko NPP expansion project estimated at 9.3 to 15.4 billion euros Read More »
Slovenian energy group Gen-Energija said an expansion of Krsko nuclear power plant’s capacity by 1,000 MW will cost an estimated 9.3 billion euros. The estimated investment value is 9,300 euros per kW of installed power. This means 9.3 billion euros for 1,000 MW and 15.4 billion euros for 1,650 MW, Gen-Energija’s executive director for finance,
Slovenia gets 68% of its gas from Austria Read More »
In 2023 Slovenia imported 68.3% of its gas from Austria and 28.3% from Algeria, through Italy, according to data published by the Energy Agency. The agency sdded that Russian gas still represents a large share of the gas imported from Austria. Slovenia is one of five EU states that have not cut gas consumption by
Europe: Emission allowances futures reached weekly minimum price of 69.5 euros/MWh Read More »
AleaSoft Energy Forecasting reports that emission allowances futures in the EEX market for the reference contract of December 2024, settlement prices remained around €70/t during the third week of May. On Wednesday, May 15, these futures reached their weekly minimum settlement price, €69.46/t. According to data analyzed at AleaSoft Energy Forecasting, this price was 3.1% lower than the previous
Europe: Gas futures fell below 30 euros/MWh Read More »
Access to AleaSoft Energy Forecasting, TTF gas futures in the ICE market for the FrontMonth, on Monday, May 13, continued with the declines of the previous week. On that day they reached their weekly minimum settlement price, €29.58/MWh. According to data analyzed at AleaSoft Energy Forecasting, this price was 8.0% lower than the previous Monday and the
Europe: Electricity prices ranged from 13 to 96 euros/MWh in week 19 Read More »
According to AleaSoft Energy Forecasting, in the third week of May, prices in most major European electricity markets registered an upward trend between Tuesday, May 14, and Friday, May 17, reaching the highest daily price of the week on that day. However, this peak was lower than the previous week’s peak. Despite the aforementioned upward
