Romania: Nuclearelectrica sees lower profit despite strong revenue growth in Q1 2025 Read More »

Romania: Nuclearelectrica sees lower profit despite strong revenue growth in Q1 2025

Romania’s nuclear energy operator Nuclearelectrica reported a net profit of 102.7 million euros in the first quarter of 2025, marking an 8.8% decline compared to the same period last year. Despite the drop in profit, the company posted a strong operational performance, with revenues nearing 300 million euros—up 23.6% year-on-year—driven by increased electricity sales and […]

Montenegro attracts global interest in renewable energy projects and grid modernization Read More »

Montenegro attracts global interest in renewable energy projects and grid modernization

Investors from the United Arab Emirates, France, and the United States have expressed strong interest in Montenegro’s energy sector, particularly in solar and wind power, energy storage and modernizing the power grid, Energy Minister Admir Šahmanović announced. He noted that these initiatives represent investments worth hundreds of millions of euros and stressed the urgency of

Montenegro: EPCG faces major financial strain amid TPP Pljevlja shutdown and rising electricity demand Read More »

Montenegro: EPCG faces major financial strain amid TPP Pljevlja shutdown and rising electricity demand

Montenegro’s state-owned power utility EPCG is bracing for a significant financial shortfall in 2025, according to CEO Ivan Bulatović. To ensure a stable electricity supply for households and businesses, the company is expected to seek financial assistance from commercial banks. Several key challenges are driving the projected losses. The thermal power plant (TPP) Pljevlja, a

Albania: Electricity production drops in Q1 2025 amid rising imports and lower exports Read More »

Albania: Electricity production drops in Q1 2025 amid rising imports and lower exports

According to the Albanian Institute of Statistics (INSTAT), Albania produced 2,234 GWh of electricity in the first quarter of 2025, which is 9.8% less than the 2,478 GWh produced during the same period in 2024. Electricity exports totaled 738 GWh, down 10.1% year-on-year, while imports rose significantly by 43.4%, reaching 767 GWh. Hydropower remained the

Slovenia: Ljubljana’s TE-TOL reduces coal use with new gas-steam unit Read More »

Slovenia: Ljubljana’s TE-TOL reduces coal use with new gas-steam unit

Ljubljana’s main district heating plant, TE-TOL, has officially taken over a new gas-steam unit, significantly reducing its dependence on coal. With this move, coal now makes up only 20% of the plant’s fuel mix, down from 65%, marking a major step in Slovenia’s transition toward cleaner energy. Slovenia has set 2033 as its official coal

Serbia: NIS proposes €39.2 million dividend payout from 2024 profit Read More »

Serbia: NIS proposes €39.2 million dividend payout from 2024 profit

The Board of Directors of Serbian oil company NIS has submitted a proposal to the shareholders’ assembly detailing the allocation of its 2024 profit. In line with long-standing company policy, NIS intends to distribute 25% of its annual profit to shareholders as dividends—a tradition maintained consistently, except during the pandemic. According to the board’s proposal,

Hungary: MOL and MVM forge strategic oil partnership to strengthen Central Europe’s energy security Read More »

Hungary: MOL and MVM forge strategic oil partnership to strengthen Central Europe’s energy security

MOL Group and MVM Group have launched a strategic oil trading partnership aimed at expanding and stabilizing energy supply for Central Europe, particularly for landlocked countries like Hungary and Slovakia. The collaboration seeks to increase the volume of non-Russian crude processed in MOL’s refineries by up to 160,000 tons annually, contributing to regional diversification goals.

Greece: May GOs auction sees full allocation despite lower prices and holiday timing Read More »

Greece: May GOs auction sees full allocation despite lower prices and holiday timing

The May guarantees of origin (GOs) auction, held on 8 May, concluded with all available certificates sold, despite lower prices and scheduling challenges. The auction, organized in separate rounds for solar and wind energy, offered GOs linked to renewable electricity generated in the last quarter of 2024 from installations that began operating after 1 January

Croatia: CROPEX sets new record on intraday continuous market with over 23,000 MWh traded Read More »

Croatia: CROPEX sets new record on intraday continuous market with over 23,000 MWh traded

The Croatian Power Exchange (CROPEX) set a new trading record on its intraday continuous market for the delivery day of 21 May 2025, reaching a total volume of 23,176.3 megawatt-hours (MWh). Of the total, 20,697 MWh were traded in 60-minute products, while 2,497.3 MWh were exchanged through 15-minute products. This new milestone reflects the increasing

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