According to the Agency for Statistics of Bosnia and Herzegovina, the country produced a total of 1,205 GWh of electricity in April 2025, marking an increase from 1,015 GWh recorded in April 2024. Hydropower plants accounted for 38.2% of the gross electricity production, thermal power plants contributed 53%, while solar and wind power made up […]
Albania approves 62 MW solar power plant led by Turkey’s Fortis Energy Read More »
The Albanian government has approved the construction of a 62 MW solar power plant in the village of Tac Larte, situated in the southeastern part of the country. The project will be developed by Turkish renewable energy company Fortis Energy, representing another step in Albania’s push to expand its clean energy production. The newly approved
Albania resumes costly electricity imports amid drought and high temperatures Read More »
High temperatures and a prolonged lack of rainfall have compelled the Albanian Power Corporation (KESH) to resume purchasing electricity from the international market. Over the past two weeks, KESH organized four auctions, spending a total of €14 million to cover domestic energy needs. The electricity was bought at an average price of €95 per megawatt-hour.
Albania among world’s most expensive countries for fuel despite record imports Read More »
Albania is currently ranked as the seventh most expensive country in the world for oil prices. With fuel prices exceeding $2 per liter, it stands out as the costliest in the Western Balkans by a significant margin. Serbia follows in second place within the region, but still lags far behind. When compared to countries like
Europe: EU renewable electricity share drops in early 2025 despite solar surge Read More »
In the first quarter of 2025, 42.5 percent of net electricity generated in the European Union came from renewable energy sources. Compared with the first quarter of 2024, this represents a decrease of 4.3 percentage points, down from 46.8 percent. Although electricity generation from solar increased significantly from 40.9 terawatt-hours in the first quarter of
European gas prices increased by 11.4% during the week of June 16–22, 2025, driven by geopolitical tensions in the Middle East, increased cooling demand amid hotter-than-usual weather, and reduced wind power generation across the continent. On June 19, the TTF futures for the month ahead, traded on the ICE exchange, reached €41.6/MWh, marking the highest
In Week 25 of 2025, electricity market prices rose sharply across all Southeast European (SEE) countries compared to the previous week, with average prices exceeding €80/MWh. This increase was driven by a rise in gas prices—whose futures reached their highest settlement level since April 3—and by higher demand caused by rising temperatures. The week started
Serbia is on the verge of launching its first large-scale wind power facility under the state-owned power utility EPS, with construction of the Kostolac wind farm entering its final stage. Minister of Mining and Energy, Dubravka Djedovic, announced that trial operations are expected to begin this autumn. The Kostolac wind farm, boasting a total installed
Romania: Eurowind Energy to build 220 MW solar park in Dâmbovița County Read More »
Danish renewable energy developer Eurowind Energy has announced plans to develop a large-scale solar park in Visina, Dâmbovița County. With an installed capacity of 220 MW, this will be the company’s largest project in Romania and one of the biggest solar ventures in the country. The investment is estimated at nearly 175 million euros. The
Montenegro: CGES declares 5 million euro dividend amid continued investment plans Read More »
Montenegrin electricity transmission system operator CGES will distribute a gross dividend of 5 million euros to its shareholders, following approval at the company’s annual general meeting. The dividend payout comes after financial statements confirmed a net profit of 24.8 million euros for the previous fiscal year. The remaining 19.8 million euros will be retained as
