Energo - CEE/FSU Power

13 June 2024

Global investment twice as much in renewables as fossil fuels, says IEA

12 June 2024

Global spending on clean energy technologies and infrastructure is on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies, said a new report by the IEA.

Ukraine’s energy sector suffers $56bn in losses due to war

12 June 2024

Ukraine's energy sector has sustained $56.2bn in direct and indirect financial losses as a result of the Russian Federation’s full-scale invasion, according to calculations by the Kyiv School of Economics (KSE).

Ukraine’s power sector close to “worst-case scenario”, says DTEK

12 June 2024

The destruction inflicted on Ukraine’s power infrastructure has left it close to the “worst case scenario”, said Dmytro Sakharuk, executive director of Ukraine’s biggest privately owned utility DTEK,

Montenegro’s EPCG and Kotor-Lovcen cable car forge green partnership

12 June 2024

Representatives of Montenegro's electricity producer EPCG, and the Žičara Kotor-Lovćen cable car, SIGNED a Memorandum of Understanding on June12, setting the stage for a cooperation towards harnessing renewable energy sources.

KSE: Damages to Ukraine’s energy sector exceeded $56bn

12 June 2024

As a result of the full-scale invasion of the Russian Federation on the territory of Ukraine, the energy sector suffered direct damages and indirect financial losses in the amount of $56.2bn.

How Masdar is transforming Azerbaijan's energy landscape

12 June 2024

The state-owned Masdar is also known as the Abu Dhabi Future Energy Company, a global leader in renewable energy and sustainable development, and has just signed off on a solar power development in Azerbaijan.

Nuclearelectrica seals €240mn project management contract for refurbishment of nuclear reactor

12 June 2024

Romania’s state-controlled nuclear company Nuclearelectrica announced it contracted €240mn project management organization (PMO) services for the preparation and implementation of the refurbishment of its Unit 1 reactor at Cernavoda nuke.

Ukraine to lease Turkish floating power plants to boost Odesa's electricity supply

12 June 2024

Ukraine is in advanced negotiations with Turkey to lease floating power plants to mitigate electricity shortages in the strategic port city of Odesa and its surrounding regions.

Russian InterRAO utility major guides for $2bn earnings in 2024

12 June 2024

Russian state utility major InterRAO guides for 2024 EBITDA to amount to RUB165bn-RUB175bn (up to $2bn) in 2024, with investment programme maintained at RUB193bn annually.

Green Genius secures €87mn in loans for solar park in Latvia’s Jekabpils

11 June 2024

Renewable energy company Green Genius concluded agreements with two German banks to raise €87 million in loans that will be used to build a solar power park in Latvia’s Jekabpils.

Ukraine looks to Europe to increase power imports this winter

11 June 2024

Russia has taken out 35 GW of Ukraine’s electricity generation capability since the beginning of the war, decreasing generation from 55 GW to 20 GW. Already Ukrenergo has introduced rolling blackouts in a dozen regions.

Romania’s Restart Energy plans to raise €6.5mn with Bucharest Stock Exchange listed bond

11 June 2024

Romania’s Restart Energy group, which is developing renewable energy projects, announced plans to issue 5-year bonds denominated in euros with a 9.5% coupon attached, “to finance the company’s accelerated development.”

Ukraine, allies invest in restoring war-damaged energy infrastructure

11 June 2024

The Ukrainian government and businesses are collaborating to restore energy facilities destroyed by Russian attacks. The extensive damage has resulted in the loss of 50% of Ukraine's power generation capacity, Prime Minister Denys Shmyhal reported.

World Bank approves $40mn for energy transition project in Armenia

11 June 2024

The investment aims to rehabilitate power transmission substations, introduce reforms to access private financing and modernise the energy sector while promoting regional cooperation.

Ukrainian biogas leader faces operational hurdles amid raw material shortage

10 June 2024

Ukraine's leading biogas energy producer, Clear Energy, is struggling to restore operations at three of its biomass thermal power plants, which collectively generate 22 MW, due to a shortage of affordable raw materials.

Ukraine faces $11bn loss from Kakhovka HPP attack

10 June 2024

Ukraine has suffered $11bn in damages following the destruction of the Kakhovka hydroelectric power plant on June 6, 2023, in an attack it attributed to Russian forces.

Baltic energy in Kremlin's propaganda eyes

10 June 2024

The energy sector in Lithuania, Latvia and Estonia is constantly under the Kremlin's propaganda spotlight, Aidas Petrosius, head of business development at Mediaskopas said, presenting the media monitoring company's study on Russian electronic media,

Ukraine reconnects nuclear plant unit amid power crisis

10 June 2024

A 1,000-MW unit at one of Ukraine's nuclear power plants has been reconnected to the grid after planned maintenance, potentially easing the country's ongoing energy crisis.

Emergency measures in Ukraine’s energy sector cast doubt on surviving through winter

7 June 2024

Russia has destroyed over 60% of the Ukraine's energy production capacity. One official told the FT that Ukrainians should prepare for "life in the cold and the dark" this winter.