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Romania: Alive Capital develops 23 MW solar power plant with energy storage component Read More »

Romania: Alive Capital develops 23 MW solar power plant with energy storage component

Since 2013, the Romanian company Alive Capital has been providing integrated management services to renewable energy producers. Recently, the company completed the development of a solar power plant with an installed capacity of 23 MW, supported by funding from the National Recovery and Resilience Plan (PNRR). The Da Vinci New Project, located in Nanov, Teleorman […]

Croatia: HROTE, ENNA and CROPEX announce wind power guarantee of origin auctions for May 20, 2025 Read More »

Croatia: HROTE, ENNA and CROPEX announce wind power guarantee of origin auctions for May 20, 2025

HROTE, ENNA, and CROPEX have announced upcoming auctions for Guarantees of Origin (GOs) to be held on May 20, 2025. The auctions will be conducted through CROPEX’s IT trading platform and will feature GOs from electricity generated by wind power plants. HROTE will offer a total of 226,961 Guarantees of Origin for electricity produced under

Romania: Hidroelectrica launches first solar project at hydropower plants on Olt River Read More »

Romania: Hidroelectrica launches first solar project at hydropower plants on Olt River

Romanian electricity producer Hidroelectrica has signed a contract to fully implement a solar energy project at its hydropower plants (HPPs) along the middle and lower Olt River. This marks the company’s first foray into solar energy and represents a key step in diversifying its renewable energy portfolio. The project aims to capitalize on the solar

Romania: ENEVO Group to build largest solar power plant in Arad Region Read More »

Romania: ENEVO Group to build largest solar power plant in Arad Region

ENEVO Group has been appointed as the general contractor for the Helios Arad solar power plant, an ambitious renewable energy project with a planned installed capacity of 85 MW—making it the largest solar facility in the region. The project is financed by Unigea Solar Projects Romania, a subsidiary of the German-based Unigea Group. Under the

Croatia: Janom Investments reaches ready-to-build stage for 30 MW solar power plant Read More »

Croatia: Janom Investments reaches ready-to-build stage for 30 MW solar power plant

Roughly a year after announcing its pilot solar project in Croatia’s Slavonia region, Janom Investments has advanced to the ready-to-build phase for a 30 MW photovoltaic plant. This marks the company’s first investment in Croatia and represents a key milestone in its strategy for regional growth. Construction is set to begin in August 2025, with

Romania: OMV confirms Neptun Deep gas production to begin in 2027, boosting EU energy security Read More »

Romania: OMV confirms Neptun Deep gas production to begin in 2027, boosting EU energy security

Austrian energy group OMV announced that gas production from Romania’s Black Sea Neptun Deep project is set to start in 2027, marking a major step forward for European energy independence. The €4 billion venture is being developed jointly by OMV’s Romanian arm, OMV Petrom, and state-owned gas producer Romgaz, with both holding equal 50% stakes.

Region: Moldova signs long-term gas supply deal with Romania’s OMV Petrom Read More »

Region: Moldova signs long-term gas supply deal with Romania’s OMV Petrom

Moldova’s state-owned energy company Energocom has signed a landmark three-year agreement with Romanian oil and gas company OMV Petrom for the purchase of natural gas. The gas will be sourced from the Neptun Deep offshore project in the Black Sea, with deliveries conducted via the virtual trading point (VTP) in Romania, ensuring a stable and

Albania: Statkraft completes feasibility study for major pumped storage project Read More »

Albania: Statkraft completes feasibility study for major pumped storage project

Norwegian renewable energy company Statkraft has completed a feasibility study for a proposed pumped-storage hydropower plant in Albania, which could have a capacity of up to 1,620 megawatts (MW). The project would expand upon the existing Moglica hydropower plant on the Devoll River, and the formal proposal has now been submitted to Albanian authorities for

Bosnia and Herzegovina: RiTE Ugljevik suffers loss, while RiTE Gacko recovers Read More »

Bosnia and Herzegovina: RiTE Ugljevik suffers loss, while RiTE Gacko recovers

In the first quarter of 2025, Coalmine and Thermal Power Plant (RiTE) Ugljevik reported a loss of approximately 2.71 million euros, marking a steep decline from the 1.84 million euro profit recorded in the same period last year. The company’s latest financial report reveals a sharp drop in revenue, which fell to 18.81 million euros

Serbia: NIS Group sees 16% profit decline in Q1 2025 amid lower oil prices and SDN listing Read More »

Serbia: NIS Group sees 16% profit decline in Q1 2025 amid lower oil prices and SDN listing

Serbian oil and gas company NIS Group recorded a net profit of €12.8 million in the first quarter of 2025, down 16% compared to the same period last year. EBITDA fell by 15% to €72.5 million, reflecting the impact of softer oil prices and ongoing international restrictions. The company allocated €47 million to capital investments,

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