Bulgaria affirms continued operation of coal plants through winter, delays market liberalization Read More »

Bulgaria affirms continued operation of coal plants through winter, delays market liberalization

Bulgarian Energy Minister Zhecho Stankov confirmed that coal-fired power plants and coal-based heating facilities will remain in operation throughout the upcoming winter. He emphasized that there will be no shutdowns or restrictions imposed on these energy sources. Stankov announced that Bulgaria has submitted a detailed proposal to the European Commission, which includes an indefinite postponement […]

Bulgaria: IBEX sets new daily record on intraday market with over 22,500 MWh traded Read More »

Bulgaria: IBEX sets new daily record on intraday market with over 22,500 MWh traded

The Independent Bulgarian Energy Exchange (IBEX) set a new daily trading record on its intraday market segment using the continuous trading mechanism for the delivery day of 21 May 2025. A total of 22,546.78 megawatt-hours (MWh) were traded, marking a new high. Of this amount, 17,547 MWh were exchanged through 60-minute products, while 4,999.78 MWh

Europe: ACER urges flexible LNG strategy as EU balances energy security and climate goals Read More »

Europe: ACER urges flexible LNG strategy as EU balances energy security and climate goals

The Agency for the Cooperation of Energy Regulators (ACER) has released a report highlighting recent changes in the European LNG market and offering strategies to manage risks related to fluctuating prices and supply. With uncertainty surrounding the EU’s climate goals, future gas consumption remains unclear. LNG demand could vary by up to 90 billion cubic

North Macedonia: Makpetrol increases dividend to €68.3 per share after strong 2024 performance Read More »

North Macedonia: Makpetrol increases dividend to €68.3 per share after strong 2024 performance

North Macedonian fuel retailer Makpetrol has announced a gross dividend of approximately 68.3 euros per share for 2024, marking an increase from the previous year. The decision was approved by shareholders and reflects the company’s improved financial results. The total dividend payout for 2024 will amount to around 6.91 million euros. In comparison, the gross

Greece: PPC Group reports €450 million adjusted EBITDA in Q1 2025 amid seasonal challenges Read More »

Greece: PPC Group reports €450 million adjusted EBITDA in Q1 2025 amid seasonal challenges

PPC Group has published its financial results for the first quarter of 2025, reporting an adjusted EBITDA of 450 million euros. The figure reflects the impact of seasonal factors, particularly unfavorable weather conditions in Greece and Romania that reduced renewable energy output. Lower rainfall and weak wind conditions led to a decline in generation across

Greece: Alpha Bank backs €316 million solar power investment Read More »

Greece: Alpha Bank backs €316 million solar power investment

Greek Alpha Bank has committed to financing the construction of four new solar power plants in Greece, with a total capacity of 267 megawatts. These projects will be developed by local subsidiaries of the investment fund managers Foresight and Mirova. The financing package, coordinated solely by Alpha Bank, includes support from Greece’s Recovery and Resilience

Bosnia and Herzegovina: Legal reforms urgently needed for electricity distribution unbundling Read More »

Bosnia and Herzegovina: Legal reforms urgently needed for electricity distribution unbundling

A meeting was recently held at the headquarters of power utility EPBiH, bringing together key representatives from the energy sector to address the ongoing legal unbundling of electricity distribution from other energy-related activities. This separation, however, depends on amendments to existing legislation, as the creation of new distribution companies cannot proceed under the current legal

French firm Akuo Energy signs power purchase agreement for Serbia’s largest wind farm, Bela Anta 2 Read More »

French firm Akuo Energy signs power purchase agreement for Serbia’s largest wind farm, Bela Anta 2

French renewable energy company Akuo Energy has finalized a power purchase agreement (PPA) with Serbia’s state-owned utility EPS for the Bela Anta 2 wind farm. The agreement covers the full 80 MW capacity of the project and includes responsibilities for network balancing. Bela Anta 2 is developed by Matrix Power, a wholly owned subsidiary of

Romania: Ministry of Energy launches study to identify offshore wind farm zones in the Black Sea Read More »

Romania: Ministry of Energy launches study to identify offshore wind farm zones in the Black Sea

The Romanian Ministry of Energy has announced a public call for expressions of interest to conduct a comprehensive study aimed at identifying and mapping potential offshore wind farm zones in the Black Sea. This initiative supports Romania’s broader strategy to prepare for maritime concessions dedicated to offshore wind energy development. The study’s primary goal is

Romania: Solar power plant Glodeni Solar nears final approval for commercial operation Read More »

Romania: Solar power plant Glodeni Solar nears final approval for commercial operation

A Romanian company owned by Ukraine’s DTEK group is set to receive final approval for commercial operation of its 60 MW Glodeni Solar power plant, which has been connected to the national electricity grid since January. The plant is operated by DRI, a DTEK subsidiary dedicated to expanding renewable energy projects within the European Union.

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