Romania: Black Sea Oil & Gas launches new biogas business Read More »
Black Sea Oil & Gas SA (BSOG) and its shareholders, global investment firm Carlyle and the European Bank for Reconstruction and Development (EBRD) announce that it has launched BSOG Energy SRL, a new company focused on developing biogas production plants across Romania. Headquartered in Bucharest, Romania, BSOG Energy will develop biogas plants across Romania with […]
Serbia: EPS to invest 450 million euros in Kolubara lignite mine Read More »
EPS is investing 450 million euros in new equipment at the Kolubara coal mine to increase its production capacity, the energy ministry Dubravka Djedovic Handanovic said in a press release. The investment also involves the launch of replacement production capacities to enable the exploitation of coal from surface mines, as well as the construction of
Western Balkans: Alcazar receives 490 million USD to finance renewables Read More »
Luxembourg infrastructure fund Alcazar Energy Partners II has reached a final closing of US$490 million after successfully acquiring the project rights for its first two wind farms in the Western Balkans, totaling 456 MW. Since first closing in November 2022, the fund has attracted eight additional investors, including the US International Development Finance Corporation (DFC).
Greece: PPC posts net profit of 86 million euros in Q1 Read More »
Greek energy utility PPC recorded a net profit of 86 million euros in the first quarter, up from 51 million euros in the same period of 2023. The company had a recurring EBITDA of 459 million euros, up 64 percent from Q1 2023, due to the higher contribution of distribution activity, improved integrated profitability and
Romania: Romgaz prepares 1.5-billion-euro MTN scheme to finance Neptun Deep project Read More »
Romania’s natural gas company, with Rothschild Bank as its adviser, hired JP Morgan to lead the consortium of banks that will intermediate the sale of bonds on the foreign market under an MTN scheme aimed to finance the Black Sea gas project, Neptun Deep, local media reported. The MTN scheme would reportedly have a size
Serbia: Krivaca wind farm commissioned Read More »
The Krivaca wind farm stands as a testament to Serbia’s growing commitment to renewable energy. Situated in Eastern Serbia, it is one of the largest wind farms in the region and the first of its kind in the area. This significant investment, valued at 165 million euros, facilitates an annual production of 310 GWh of green energy, capable
Albania: Karavasta Solar Park produced 45 GWh in Q1 Read More »
Renewables company Voltalia said its Karavasta Solar Polar Power Plant in Albania delivered 45 GWh of electricity in the first quarter of 2024. Revenues generation at a high price for the power plant of Karavasta, and the indexation of selling prices to inflation have contributed to a 20% year-to-year surge in the company’s energy sales
Serbia: MK and Alfi commissioned 106 MW Krivača wind park Read More »
MK Group and Alfi Renewables inaugurated Krivača Wind Park in eastern Serbia. At 105.6 MW in capacity, it is the first such facility in the country south of the Danube as well as the Sava River. The construction of the Krivača wind farm Began in May 2021. It is the first RES project in Serbia with
Serbia: First equipment for Kostolac wind farm delivered Read More »
Elektroprivreda Srbije said the first equipment for the 66 MW Kostolac wind farm, including three blades and two tower segments, has arrived at the construction site. The remaining equipment is scheduled to arrive over the coming months, with all deliveries expected to be completed by the start of October. Installation work will start progressively, EPS
