November 21, 2024
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Europe: Geopolitical tensions drive gas prices to yearly highs

Rising geopolitical tensions significantly impacted global gas prices, with European gas futures reaching their highest levels in nearly a year. This surge was mainly...

Electricity market trends in Southeast Europe: Week 46, 2024

In Week 46 of 2024, electricity prices in Southeast Europe (SEE) surged compared to the previous week (Week 45). The increase in electricity demand...

Slovenia: Krško nuclear power plant exceeds October 2024 electricity production targets

In October 2024, the Krško nuclear power plant, jointly owned by Slovenia and Croatia, generated 520,450 MWh of net electricity, exceeding its planned output...

Serbia: EPS faces rising procurement costs and declining profits amid energy challenges in 2024

Serbia’s state-owned power utility, EPS, spent approximately €370 million on electricity procurement in the first nine months of 2024, a significant increase from €213...

Serbia: Solar panel installation underway at Petka solar power plant

The installation of solar panels is currently underway at the Petka solar power plant, located on an 11.6-hectare site. Once completed, the plant will...

Romania: Electrica Group reports 38% drop in profit amid supply segment losses and market challenges

Electrica Group reported a net profit of €61.6 million for the first nine months of 2024, a 38% decrease compared to the €100 million...
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Romania: Rompetrol Rafinare reports $66.7 million net loss in 2024 amid operational and market challenges

Rompetrol Rafinare, a member of the KMG International Group, reported a higher consolidated net loss of $66.7 million for the first nine months of...

Romania: CCE Holding launches largest solar power plant in Europe

Last week, CCE Holding commissioned its largest solar power plant in Europe to date: a 40 MW facility in northwestern Romania, marking a major...

Greece: New 877 MW gas-fired power plant in Komotini set for trial operations

A new gas-fired power plant in Komotini, northeastern Greece, co-developed by GEK-Terna and the oil refiner Motor Oil, is preparing to begin trial operations...

Bosnia and Herzegovina secures €103 million loan for Poklecani wind farm construction

The Council of Ministers of Bosnia and Herzegovina has approved a loan of 103 million euros from the European Investment Bank (EIB) to support...
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