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Chinese technology manufacturers and developers overtaking Serbian wind market Read More »

Chinese technology manufacturers and developers overtaking Serbian wind market

Mingyang recently announced the start of installation at the Serbia Black Peak wind farm, where it is supplying 25 units of its 6.25-172 model.  Chinese SPIC is the sole owner of 150MW wind park Black Peak. Located on high mountain terrain of eastern Serbia, Black Peak WPP is unique project developed by local company Sage and Kodar. Local […]

Montenegro: CEDIS launches €250 million investment plan to modernize electricity distribution network Read More »

Montenegro: CEDIS launches €250 million investment plan to modernize electricity distribution network

Montenegro’s electricity distribution system operator, CEDIS, has unveiled an ambitious investment program aimed at modernizing the country’s electricity distribution infrastructure. The initiative, running through 2029, reflects CEDIS’s commitment to improving the reliability, efficiency, and sustainability of power delivery across the nation. Recognizing the need for enhanced service quality, CEDIS has set a strategic goal to

Bulgaria: Bulgartransgaz seeks €102 million loan to expand gas network Read More »

Bulgaria: Bulgartransgaz seeks €102 million loan to expand gas network

Bulgarian state-owned gas transmission operator Bulgartransgaz has launched a tender to secure a €102 million loan to help fund the expansion of its pipeline network. The financing is intended to support the development of the Vertical Gas Corridor, a key project designed to connect Greece with Central and Eastern Europe and boost energy connectivity across

Romania: EDP opens 60 MW Albina solar power plant near Timisoara, boosting renewable energy capacity Read More »

Romania: EDP opens 60 MW Albina solar power plant near Timisoara, boosting renewable energy capacity

Portuguese energy company EDP has officially inaugurated a new solar facility near Timisoara, marking a major milestone in Romania’s renewable energy development. The Albina solar power plant, with an installed capacity of 60 MW, is now the largest solar project in Timis county. The Albina plant has already started generating electricity, adding valuable capacity to

Croatia: INA reports 2024 net profit of 156 million euros and approves 120 million euro dividend distribution Read More »

Croatia: INA reports 2024 net profit of 156 million euros and approves 120 million euro dividend distribution

Croatian oil company INA presented its consolidated and unconsolidated financial reports for 2024 at this week’s General Assembly meeting, alongside the independent auditor’s report. In 2024, INA reported a net profit of just over 156 million euros. From this amount, about 7.8 million euros will be placed into statutory reserves. The company plans to distribute

Bosnia and Herzegovina: Local company seeks environmental approval for 9.92 MW solar power plant in Brčko District Read More »

Bosnia and Herzegovina: Local company seeks environmental approval for 9.92 MW solar power plant in Brčko District

Micro Strategy Invest, a local company, has submitted a request for a preliminary environmental impact assessment as part of its plan to construct a solar power plant in the Vitanovici area within the Brčko District. The project, developed by Tehnoloski Eko Centar, is currently undergoing public review. The planned facility will cover approximately 8.41 hectares

Serbia: SANY to develop Alibunar wind farms with commercial operations starting in 2028 Read More »

Serbia: SANY to develop Alibunar wind farms with commercial operations starting in 2028

SANY Renewable Energy, a Chinese company entering Serbia’s renewable energy market for the first time, has announced that its wind power projects, Alibunar 1 and Alibunar 2, are scheduled to begin commercial operation in 2028. Together, the two wind farms will have a total installed capacity of 168 MW and are expected to generate around

Serbia: Srbijagas reports higher revenues but lower profit in 2024 amid debt reduction Read More »

Serbia: Srbijagas reports higher revenues but lower profit in 2024 amid debt reduction

In 2024, gas company Srbijagas saw a notable increase in operating revenues but experienced a significant decline in net profit. According to the company’s financial report, net income dropped to 71.6 million euros from 102.7 million euros in 2023. Despite the lower profitability, total operating income rose by 5% to nearly 1.55 billion euros, indicating

Slovenia: HSE plans major expansion to boost renewable energy Read More »

Slovenia: HSE plans major expansion to boost renewable energy

Hydropower plants along the Sava river in Slovenia produced just over 1,000 GWh of electricity last year, accounting for slightly more than 20 percent of the country’s total electricity generation. However, this output represents only about one-third of the river’s full energy potential, indicating significant opportunities for further development. The HSE Group, Slovenia’s main electricity

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