Region: Heatwave drives SEE electricity prices to summer highs in Week 30 of 2025 Read More »

Region: Heatwave drives SEE electricity prices to summer highs in Week 30 of 2025

In Week 30 of 2025, electricity market prices rose significantly across most Southeast European (SEE) countries compared to the previous week. All markets recorded weekly average prices above €100/MWh, with the exception of Türkiye. This marked the highest price point since the start of summer. The price increase was mainly attributed to elevated electricity demand […]

Serbia plans to more than double gas imports from Azerbaijan to 1 billion cubic meters annually Read More »

Serbia plans to more than double gas imports from Azerbaijan to 1 billion cubic meters annually

The Serbian Energy Ministry has announced intentions to increase annual gas imports from Azerbaijan to 1 billion cubic meters, a rise of over 2.5 times the current agreement of 400 million cubic meters. Negotiations for new supply contracts are expected to begin soon, as existing agreements run through 2026 with an annual cap of 400

Serbia: US Treasury extends sanctions delay on NIS for fifth time Read More »

Serbia: US Treasury extends sanctions delay on NIS for fifth time

The US Treasury Department has postponed the activation of sanctions on Serbian oil company NIS for an additional 30 days, marking the fifth extension since January. Serbian Energy Minister Dubravka Djedović noted that securing a further, longer reprieve is currently not possible. She attributed the decision to the broader geopolitical situation and complex negotiations among

Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project Read More »

Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on renewable energy projects, has obtained a €29.3 million loan from Kommunalkredit Austria to finance the construction of a 71 MW solar power plant in Dolj County, Romania. This loan represents the second financing line from the European infrastructure lender Kommunalkredit to the

Bulgaria: Bobov Dol thermal power plant reports reduced profit despite revenue growth in H1 2025 Read More »

Bulgaria: Bobov Dol thermal power plant reports reduced profit despite revenue growth in H1 2025

The Bulgarian thermal power plant Bobov Dol posted a net profit of approximately €150,000 in the first half of 2025, down from €380,000 in the same period last year. Total revenues increased significantly by 68.8%, reaching €108.3 million compared to the first six months of 2024. However, total expenditures also rose by 69.6%, amounting to

Bosnia and Herzegovina: Bosanski Brod oil refinery reports €15.3 million net loss in first half of 2025 Read More »

Bosnia and Herzegovina: Bosanski Brod oil refinery reports €15.3 million net loss in first half of 2025

The financial report for the first half of 2025 shows that the Bosanski Brod oil refinery incurred a net loss of €15.3 million, increasing its total accumulated losses to approximately €467 million. During the first six months of 2025, turnover rose to €13.3 million, up €5.1 million compared to the same period last year. However,

Bosnia and Herzegovina: Republic of Srpska considers 40% increase in electricity distribution network fee Read More »

Bosnia and Herzegovina: Republic of Srpska considers 40% increase in electricity distribution network fee

Distribution companies in the Republic of Srpska (RS) have formally requested a 40% hike in the electricity distribution network fee. Vladislav Vladičić, Chairman of the Regulatory Commission for Energy (RERS), confirmed that the proposal has been submitted. The Commission’s next meeting is scheduled for July 31, but it is still uncertain if the fee increase

Bosnia and Herzegovina reports decline in gross electricity production in May 2025 amid shift in energy mix Read More »

Bosnia and Herzegovina reports decline in gross electricity production in May 2025 amid shift in energy mix

According to the Agency for Statistics of Bosnia and Herzegovina (BiH), the country’s gross electricity production in May 2025 amounted to 830 GWh, down from 1,072 GWh in the same month last year. Hydropower plants contributed 36.3% to the total gross production, thermal power plants accounted for 51.8%, and solar and wind power plants made

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