Energo - CEE/FSU Power

16 May 2024

Nationwide power blackout hits Ukraine amid Russian attacks

15 May 2024

The blackout, effective between 9 p.m. and midnight, was prompted by a severe electricity deficit exacerbated by Russian shelling and heightened consumption due to colder weather.

First wind farm in eastern Serbia Inaugurated

15 May 2024

Serbia’s Prime Minister Milos Vucevic attended the ceremonial opening of the 105-MW Krivaca wind farm in Golubac, in the eastern part of the country, funded by an investment of €165mn.

Montenegro plans to add 200 MW of renewables by 2026, energy minister says

15 May 2024

Montenegro plans to build 200 MW of new renewable energy capacities over the next two years, the country’s Energy and Mining Minister Sasa Mujovic said as quoted by public broadcaster RTCG.

Far right activists attack Ukrainians visiting Bulgaria to buy Russian-made nuclear reactors

15 May 2024

Ukraine wants to buy equipment Bulgaria bought from Russia for the scrapped Belene nuclear power plant project to replace occupied power infrastructure.

Russia's nuclear diplomacy binding emerging markets to the Kremlin

14 May 2024

Currently, Rosatom controls approximately 70% of the world export market for the construction of nuclear power plants where emerging powers in the global south are trying to boost their energy production and turning to Moscow for nuclear power.

Russia targets 106 infrastructure sites in Ukraine

14 May 2024

Russian forces launched attacks on 106 infrastructure facilities across nine regions in Ukraine within the past day, according to a report by the Defence Ministry's Military Media Centre issued on May 12.

Power outages gripping seven Ukrainian oblasts

14 May 2024

Consumers in seven Ukrainian oblasts are grappling with power outages as a result of Russian bombardments and technical disruptions, the country's Energy Ministry revealed in a statement.

Ukraine’s energy crisis deepens as it turns to imports to meet demand

14 May 2024

Amid relentless assaults on its energy infrastructure by Russian forces, Ukraine finds itself grappling with a deepening energy crisis, prompting a surge in electricity imports, but even imports won't cover the winter's demand for power.

Western Balkans urged to embrace renewable energy for district heating

14 May 2024

Fossil fuels are still being burned in district heating networks across the Western Balkans, despite the pressing need to prepare for the transition to green energy, finds a Bankwatch report.

Renewables surpass 30% of global electricity supply

14 May 2024

Renewable energy made up over 30% of global electricity for the first time last year, driven by a rapid surge in wind and photovoltaic solar power, according to new data from climate think-tank Ember.

Novatek to use domestic gas turbines at Arctic LNG-2

13 May 2024

Russia’s Novatek plans to use domestically-produced gas turbines to power the Arctic LNG-2 terminal, following the failure of a Chinese supplier to provide the units on time.

Premier Energy’s IPO in Bucharest heavily oversubscribed by retail investors

13 May 2024

Retail investors placed orders for 47mn shares of Premier Energy, during the first three days of the one-week IPO carried out by the natural gas and electricity utility company; more than six times the 7.5mn package initially earmarked

Ukraine facing funding shortage to repair power grid before winter

13 May 2024

Foreign financial aid to Ukraine saw a sharp decline to $1.7bn in April, complicating the urgent need to restore its power grid amid Russian attacks.

WBIF grants Albania €2.6mn for floating PV plant

13 May 2024

The Western Balkans Investment Framework (WBIF), as the EU's regional arm, has granted €2.6mn for Albania to develop a 12.9-MW floating solar photovoltaic power plant at the Vau i Dejes hydropower plant reservoir in north-western Albania.

Ukraine restricts electricity to business amid power crisis

13 May 2024

Ukraine has announced increased restrictions on energy usage for businesses and industries as the country grapples with a significant shortage of electricity amid Russian strikes.

Serbia inks €2.7bn energy deals with Chinese firms

13 May 2024

Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic announced on May 9 that two major deals, with a total value of around €2.7bn, were signed during Chinese President Xi Jinping’s visit to Serbia earlier this week.

Austria’s Energie AG acquires 29.4% stake in Slovenian renewable energy firm AAE Gamit

12 May 2024

Austria's energy company Energie AG announced that it acquired 29.4% stake in AAE Gamit, a prominent wind and photovoltaic developer in Slovenia.

UK to build uranium enrichment plant to break Russian monopoly

10 May 2024

The United Kingdom will attempt to break Russia's virtual monopoly no the production of enriched uranium used to power nuclear plants by building its own enrichment plant.

Russia attacks three thermal power plants in Ukraine, inflicting severe damage

10 May 2024

Russia launched a devastating assault on three thermal power plants owned by Ukraine's leading private energy company, DTEK, overnight on 7-8 May, causing significant destruction.

Hidroelectrica gets environmental permit for 17ha floating PV park

9 May 2024

Hidroelectrica (BVB: H2O) announced that it received the environmental permit for the first floating PV park in Romania, a 17ha installation to be placed on its accumulation lake of Ipotesti hydropower plant on the Olt river.

Construction set to begin on Mali Log wind farm in Slovenia

9 May 2024

Dravske Elektrarne Maribor, a subsidiary of Slovenia's HSE state-owned energy group, announced the signing of just under €2.5mn contract with Hmezad TMT for the construction of a wind turbine in Mali Log.

Russia hits Ukrainian power facilities in six regions with intense missile attack, imports from EU won't cover winter demand

9 May 2024

Russian forces launched an intense missile attack on Ukraine's energy infrastructure in six regions on May 8. Half of Ukraine’s power facilities are now out of action to the point where European imports won't cover this winter's demand.

Retail investors cautious on first day of Premier Energy's Bucharest IPO

9 May 2024

The orders placed by the retail investors during the first day of the one-week IPO operated by natural gas and electricity utility company Premier Energy at Bucharest Exchange summed up to 1.36mn shares out of a total of 6.25mn shares earmarked.

Azerbaijan, Kazakhstan and Uzbekistan join forces to power Europe

9 May 2024

The energy component of the Trans-Caspian and Middle Corridors are expanding, not only through oil and gas but also through green energy. Azerbaijan, Kazakhstan and Uzbekistan have joined forces to supply Europe with power.

Japanese company joins HPP project in Serbia

9 May 2024

Japan's International Cooperation Agency has officially joined the Serbian Reversible Hydro Power Plant Bistrica project