Europe: Electricity prices drop in early August, while Italy and Iberian markets see sharp increases Read More »

Europe: Electricity prices drop in early August, while Italy and Iberian markets see sharp increases

In the first week of August, average electricity prices fell in most major European markets compared to the previous week. The exceptions were Italy’s IPEX market and Spain and Portugal’s MIBEL market, which rose by 3.5%, 57%, and 59%, respectively. The largest percentage drop was recorded in the Nordic Nord Pool market, down 76%. Other

Europe: Electricity demand falls in early August but forecasts point to rebound Read More »

Europe: Electricity demand falls in early August but forecasts point to rebound

In the week of August 4, electricity demand fell in most major European markets compared to the previous week. The largest declines were in Great Britain, down 7.1%, and Italy, down 6.9%, while Germany registered the smallest drop at 0.5%. France and Portugal saw decreases of 1.5% and 2.2%, respectively. In France, Italy, and Great

Serbia discusses financing and next steps for Bistrica pumped-storage hydropower project with JICA Read More »

Serbia discusses financing and next steps for Bistrica pumped-storage hydropower project with JICA

Financing for the Bistrica pumped-storage hydropower plant was the main topic during a meeting between Serbia’s Energy and Mining Minister Dubravka Djedovic and a delegation from the Japan International Cooperation Agency (JICA). The discussion took place during JICA’s fourth expert mission to Serbia and reviewed preliminary project valuations prepared by the agency’s consultants. Minister Djedovic

Romania: Simtel Team to build 60 MW solar power plant for Verbund’s Casimcea hybrid project Read More »

Romania: Simtel Team to build 60 MW solar power plant for Verbund’s Casimcea hybrid project

Simtel Team has signed an Engineering, Procurement, and Construction (EPC) contract valued at over 19 million euros, excluding VAT, with Verbund Wind Power Romania, a subsidiary of the Verbund Group, one of Europe’s leading renewable energy producers. The contract covers the design, construction, and commissioning of a 60.207 MW solar power plant in Casimcea, Tulcea

Bulgaria: Uni Energy seeks approval to acquire NIS Petrol Bulgaria Read More »

Bulgaria: Uni Energy seeks approval to acquire NIS Petrol Bulgaria

The Bulgarian Commission on Protection of Competition has received a notification from local company Uni Energy requesting approval to acquire NIS Petrol Bulgaria. Uni Energy is a Bulgarian fuel retailer owned by Ivaylo Konstantinov. The company collaborates with the Swiss group Avia International and TTN Commerce through Avia Bulgaria. By the end of 2024, Uni

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