Hungary: MOL approves increased dividend payout amid stable financial outlook Read More »
At its annual general meeting on 24 April, shareholders of Hungarian oil and gas company MOL approved a total dividend payout of 0.68 euros per share. This includes a base dividend of HUF 165 per share from 2024 profits and an additional special dividend of 0.27 euros per share, bringing the total dividend fund to […]
Serbia: NIS seeks extended US sanctions delay as current license nears expiry Read More »
Serbian oil company NIS announced that it has submitted a new request to the US Department of the Treasury for a special license, seeking to delay the full enforcement of US sanctions, which are scheduled to take effect on 28 April. The request aims to ensure the company can continue its operations without disruption beyond
Romania: Nofar Energy finalizes major contract for 265 MW solar power plant Read More »
Nofar Energy has secured a comprehensive contract for a 265 MW solar power plant in Corbii Mari, Dambovita County, just west of Bucharest. The contract covers all phases of the project, from engineering to long-term operations and maintenance. This large-scale development is one of the biggest solar projects in Romania. The project will be developed
Montenegrin electricity distribution system operator, CEDIS, has earmarked more than 30 million euros for infrastructure investments in 2025, aiming to improve the country’s electricity distribution network and meet necessary supply standards. This year’s investment is approximately 6 million euros higher than the previous year, demonstrating the company’s growing ambitions and the increasing complexity of its
Serbia: Fortis Energy to build 110 MW solar power plant with storage Read More »
Turkish renewable energy company Fortis Energy has announced plans to construct a 110 MW solar power plant near the town of Sid in northwestern Serbia. The Erdevik solar project will also feature a 31.2 MWh energy storage system, enhancing grid stability and energy reliability. The project reached a key milestone in January 2025, receiving approval
Albania: SOCAR to begin supplying natural gas to Korca Read More »
The State Oil Company of Azerbaijan (SOCAR) is set to launch natural gas supply operations in the Albanian city of Korca, marking the first phase of a larger initiative aimed at establishing a comprehensive gas distribution network throughout the city. The project will prioritize support for local businesses and enterprises. Albanian Prime Minister Edi Rama
Albania: KESH partners with AFD to modernize Drin River hydropower plants Read More »
Albania’s state-owned energy company, KESH, has signed a cooperation agreement with the French Development Agency (AFD) for a technical assistance grant valued at €800,000. This grant aims to support operational improvements and enhance oversight of the three major hydropower plants along the Drin River. Through this partnership, AFD will deliver specialized technical expertise to advance
North Macedonia: Alcazar Energy and IFC partner on 400 MW wind project Read More »
Luxembourg-based renewable energy investor Alcazar Energy Partners has signed a development support agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to advance a major wind power project in North Macedonia. The agreement will provide development funding for the initial phase of the Stip wind farm, a 400 MW project
Albania: Karavasta solar power plant powers renewable future Read More »
Last week, French renewables developer Voltalia officially commissioned the Karavasta solar power plant, the largest solar installation in both Albania and the Western Balkans, with a total capacity of 140 MW. The project marks a major step in Albania’s efforts to diversify its energy sources and expand its domestic production capacity. This milestone is part
Romania: Hidroelectrica launches €20 million tender for Pascani hydropower project Read More »
Romanian state-owned electricity producer Hidroelectrica has allocated approximately €20 million (excluding VAT) for advancing the Pascani hydropower plant (HPP) project on the Siret River. The investment focuses on acquiring and installing hydromechanical systems for four gates of the spillway dam. The contract encompasses a full turnkey solution, including design services, construction work, as well as
