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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

Bulgaria: Consumer Protection Commission launches investigation into Lukoil fuel pricing practices Read More »

Bulgaria: Consumer Protection Commission launches investigation into Lukoil fuel pricing practices

The Consumer Protection Commission (CCP) has launched a thorough investigation into the pricing strategies used by Lukoil for its fuel sales, with the aim of determining whether consumers’ economic interests have been adversely affected in the retail fuel market. This decision follows a joint exchange of information between the CCP and the Commission for the

Bulgaria: PPC Group expands renewable energy portfolio with 88 MW solar power plant acquisition Read More »

Bulgaria: PPC Group expands renewable energy portfolio with 88 MW solar power plant acquisition

PPC Group is strengthening its renewable energy presence in southeastern Europe by securing ownership of a solar power plant upon completion of its construction and commissioning. Located in central Bulgaria, the solar installation will have an installed capacity of 88 MW. The project is currently under construction by Chint Green Energy, a subsidiary of the

Bulgaria: KEVR approves slight decrease in wholesale natural gas price for June 2025 Read More »

Bulgaria: KEVR approves slight decrease in wholesale natural gas price for June 2025

The Bulgarian Commission for Energy and Water Regulation (KEVR) has approved a 0.1% reduction in the wholesale price of natural gas for June 2025. The new wholesale price stands at approximately €32.8 per megawatt-hour (MWh), excluding VAT and excise duties. This follows a previously approved 14.2% price decrease for May. KEVR stated that Bulgaria’s natural

Bosnia and Herzegovina faces major financial crisis over unpaid energy debt and potential arbitration Read More »

Bosnia and Herzegovina faces major financial crisis over unpaid energy debt and potential arbitration

Bosnia and Herzegovina (BiH) is facing a serious financial challenge following the missed payment deadline for a significant debt owed by the coal mine and thermal power plant (RiTE) Ugljevik to Slovenia’s electricity transmission operator, ELES. The outstanding amount currently totals 67 million euros. If this issue remains unresolved, it could lead to an international

Serbia: Egesa Enerji launches first solar projects with 8.6 MW capacity Read More »

Serbia: Egesa Enerji launches first solar projects with 8.6 MW capacity

Turkish company Egesa Enerji has begun work on two solar power plant projects in Serbia’s Vojvodina province, in the towns of Aradac and Odzaci. The total installed capacity will be 8.6 MW—4.2 MW in Aradac and 4.4 MW in Odzaci. Local firm Solarna Energija Buducnosti will supply the necessary solar equipment, including photovoltaic panels, inverters,

Romania: OMV Petrom restarts fuel production at Petrobrazi refinery after planned maintenance Read More »

Romania: OMV Petrom restarts fuel production at Petrobrazi refinery after planned maintenance

Romania’s top oil and gas company, OMV Petrom, has resumed fuel production at its Petrobrazi refinery near Ploiesti after a scheduled 20-day shutdown. The pause was used for inspections, infrastructure upgrades, and maintenance work worth around 20 million euros. A key part of the overhaul included installing a new catalyst in the diesel hydrotreater unit

Bosnia and Herzegovina: EFT Group maintains profitability despite revenue drop at Stanari thermal power plant Read More »

Bosnia and Herzegovina: EFT Group maintains profitability despite revenue drop at Stanari thermal power plant

The coal-fired thermal power plant Stanari, operated by the EFT Group, recorded a net profit of 19.7 million euros in 2024. The plant generated revenues of 116.4 million euros, down from 140 million euros in 2023. This decline in income significantly affected profitability, as net profit fell from 42 million euros the previous year. Despite

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