Montenegro: EPCG reports sharp profit decline in 2024 amid hydrological and market challenges
Montenegro’s state-owned power utility EPCG recorded a net profit of €10.2 million in 2024, marking an 80.5% decrease from the […]
Montenegro: EPCG cancels second tender for Otilovici small hydropower plant over bid compliance issues
Montenegro’s state-owned power utility EPCG has terminated its second tender for the design and construction of the Otilovici small hydropower
Hungary: MOL approves increased dividend payout amid stable financial outlook
At its annual general meeting on 24 April, shareholders of Hungarian oil and gas company MOL approved a total dividend
Croatia: Zagreb expands solar energy projects
Currently, the City of Zagreb operates a total of 2.43 MW of solar capacity across public buildings. This represents a
Bosnia and Herzegovina doubles coal exports in early 2025
Bosnia and Herzegovina (BiH) significantly increased its coal exports in the first quarter of 2025, with volumes more than doubling
Europe sees 30% surge in solar power in early 2025, setting the stage for a record-breaking year
Solar electricity generation across Europe jumped by over 30% in the first quarter of 2025 compared to the same period
Serbia: NIS seeks extended US sanctions delay as current license nears expiry
Serbian oil company NIS announced that it has submitted a new request to the US Department of the Treasury for
Romania: Nofar Energy finalizes major contract for 265 MW solar power plant
Nofar Energy has secured a comprehensive contract for a 265 MW solar power plant in Corbii Mari, Dambovita County, just
Montenegro: CEDIS allocates over €30 million for 2025 electricity infrastructure upgrades
Montenegrin electricity distribution system operator, CEDIS, has earmarked more than 30 million euros for infrastructure investments in 2025, aiming to
Montenegro faces decline in electricity production in 2024 amidst challenging hydrological conditions
Montenegro saw a notable decrease in electricity production in 2024, generating 3,447 GWh, which is a 15% drop compared to
Hungary sets record low electricity consumption amid surge in solar power
Hungary set a new record for its lowest-ever electricity consumption on Easter Monday, thanks to exceptional solar energy production, as
Greece: Balancing market contributes 21% to earnings of electricity producers in 2023
In 2023, the balancing market remained a crucial source of revenue for electricity producers, contributing approximately 21% of their total