Blue 1, a 50 MW solar power plant developed by Albanian companies Matrix Konstruksion and Blessed Investment near Fier, generated 118 GWh of electricity in its first year of operation. According to operations and maintenance partner Abkons, the output matches the developers’ annual forecast and can supply around 14,750 households. The facility has been fully […]
ICGB, the operator of the Greece-Bulgaria gas interconnector (IGB pipeline), will launch two new cross-border capacity routes to improve regional energy security and expand direct transmission access from northern Greece to Ukraine. The new pathways, Route 2 and Route 3, were developed in cooperation with the transmission system operators of Greece, Bulgaria, Romania, Moldova and
Europe: Brent oil and TTF gas prices fall in early August while EU CO2 futures rise Read More »
In the first week of August, Brent oil Front Month futures on the ICE market reached a weekly high of $68.76 per barrel on Monday, August 4. Settlement prices then followed a downward trend through Thursday, August 7, when they hit the weekly low of $66.43 per barrel, the lowest since June 6. On Friday,
In the first week of August, average electricity prices fell in most major European markets compared to the previous week. The exceptions were Italy’s IPEX market and Spain and Portugal’s MIBEL market, which rose by 3.5%, 57%, and 59%, respectively. The largest percentage drop was recorded in the Nordic Nord Pool market, down 76%. Other
Europe: Electricity demand falls in early August but forecasts point to rebound Read More »
In the week of August 4, electricity demand fell in most major European markets compared to the previous week. The largest declines were in Great Britain, down 7.1%, and Italy, down 6.9%, while Germany registered the smallest drop at 0.5%. France and Portugal saw decreases of 1.5% and 2.2%, respectively. In France, Italy, and Great
Europe: Solar power hits August records while wind production declines Read More »
In the week of August 4, solar photovoltaic energy production increased across all major European electricity markets, continuing the growth trend from the previous week. The German market recorded the largest increase at 36%, followed by a 10% rise in the Italian market. The smallest increase was seen in the French market, at 0.1%, while
Financing for the Bistrica pumped-storage hydropower plant was the main topic during a meeting between Serbia’s Energy and Mining Minister Dubravka Djedovic and a delegation from the Japan International Cooperation Agency (JICA). The discussion took place during JICA’s fourth expert mission to Serbia and reviewed preliminary project valuations prepared by the agency’s consultants. Minister Djedovic
Simtel Team has signed an Engineering, Procurement, and Construction (EPC) contract valued at over 19 million euros, excluding VAT, with Verbund Wind Power Romania, a subsidiary of the Verbund Group, one of Europe’s leading renewable energy producers. The contract covers the design, construction, and commissioning of a 60.207 MW solar power plant in Casimcea, Tulcea
Greece: US LNG approaches Russian pipeline supplies amid rising demand Read More »
US liquefied natural gas (LNG) is increasingly approaching Russian pipeline gas volumes in Greece after a year-on-year rise of more than 70 percent. From January through early August 2025, a total of 19.3 TWh of LNG was delivered to the Revythoussa and Alexandroupoli terminals, with US shipments accounting for over 80 percent of that total.
Bulgaria: Renalfa IPP launches first 69 MW of Tenevo solar complex Read More »
Renalfa IPP has commissioned the first 69 MW of the 238 MW Tenevo solar complex in southeastern Bulgaria, along with all necessary assets for connection to the national 400 kV transmission network. The project, developed by Tenevo Solar Technologies, pairs the solar field with a 315 MW/760 MWh battery storage system that is currently under
