Bulgaria’s electricity sector reached a historic milestone in 2025, as renewable energy sources became the country’s second-largest producer of electricity, surpassed only by nuclear power. For the first time, combined generation from solar, wind, hydropower, biomass, and waste exceeded output from coal-fired plants, signaling that the energy transition has moved from concept to reality. Data […]
A major shift may be underway in the global oil market as US energy giant Chevron and private equity firm Quantum Capital Group prepare a joint bid for the foreign operations of Russia’s Lukoil. The proposed transaction is valued at approximately $22 billion, covering Lukoil’s assets outside of Russia. The move comes amid Lukoil’s efforts
Last year marked a turning point for solar power in the European Union, according to data from Eurelectric. Electricity generation from solar installations surged to more than 340 TWh, lifting solar’s share in the EU energy mix to a record 12.5 % and contributing to a reduction of overall emissions to around 45 % of
The 400 kV transmission link between Montenegro and Italy is not just another piece of cross-border infrastructure. It is a structural intervention in the Western Balkan–Italian power market, one that redefines price formation, balancing flows, investment logic and long-term system liabilities on both sides of the Adriatic. In practical terms, it turns Montenegro from a peripheral,
Europe’s grid build-out and the strategic repositioning of SEE’s power markets Read More »
The European Commission’s decision to accelerate and scale up Europe’s electricity grid expansion is not simply a technical upgrade programme. It is a structural market intervention whose consequences will be felt most sharply in peripheral but highly interconnected regions such as South-East Europe (SEE). While the stated objectives are lower energy prices, faster renewable integration
Serbia’s energy system sits at a structural crossroads. It combines large legacy baseload assets, growing renewable penetration, limited flexibility, and a transmission position that increasingly exposes it to regional volatility. Stress-testing the system is therefore not an academic exercise. It is a way to identify where physical limits, financial fragility and institutional liabilities intersect, and how
A full shutdown of nuclear power across South-East Europe would represent the most severe structural stress test the regional energy system has faced since market liberalisation. Unlike price shocks or fuel disruptions, nuclear exit would remove firm, low-marginal-cost baseload that currently anchors system stability, cross-border trade and seasonal balance. The consequences would not be linear. They would
State-owned power utilities in South-East Europe remain the structural backbone of the regional electricity system, even as private renewables, batteries and merchant assets dominate new capacity additions. What has changed is not their centrality, but the nature of their financial exposure. Today, state utilities sit at the convergence of legacy megawatts, new grid investments, lender-driven capital
Battery energy storage has not merely complemented renewable energy in South-East Europe; it has fundamentally redefined who owns assets, who finances them, who controls dispatch and who ultimately captures value. Wind turbines and solar panels still dominate the physical landscape, but economically they are no longer the centre of gravity. The decisive asset is storage,
As heavy-industry facilities and large renewable-energy projects scale across Serbia and the wider region, procurement has emerged as one of the most underestimated determinants of bankability. Investors and lenders increasingly recognise that equipment quality, conformity and traceability are not procurement-side formalities, but core asset-risk variables. In this environment, the Owner’s Engineer (OE), acting as Employer’s Representative, has assumed a central role
