Energo - CEE/FSU Power
Solarbelt to construct two solar power plants in Vranje
The city of Vranje in southern Serbia has leased 205,674 square metres of land to Solarbelt, a Belgrade-based company, for the construction of two 9-MW solar power plants, according to an announcement on the city’s website on July 30.
Wind turbines and solar panels have overtaken fossil fuels to generate 30% of the EU's electricity in 1H24
Wind turbines and solar panels have overtaken fossil fuels in generating 30% of the European Union's electricity during the first half of 2024, according to a report by climate think-tank Ember, the Guardian reports.
Romania’s Nuclearelectrica ponders 100 MW gas-fired power unit
Romania’s nuclear power group Nuclearelectrica is considering investing in a power generation unit with combined cycle gas turbines with a power of approximately 100-120 MW.
Uranium prices surge on rising AI-driven power demand
Long-term uranium contract prices have surged to their highest levels in over 16 years, driven by supply uncertainties and increasing demand from utilities expanding their capacity to power rapidly growing AI data centres,
Energo: Russia prepares $25bn initiative to substitute equipment and tech in the energy sector
Russia prepares $25bn initiative to substitute equipment and tech in the energy sector
Russia’s flagship national initiative to achieve “technological sovereignty” in the energy sector, overcoming dependence on Western technology, is set to cost RUB2.14 trillion ($25bn) between now and the end of the decade.
Romania’s Prime Batteries close to completing €270mn power storage devices factory
The battery factory developed by Romanian company Prime Batteries Technology in Cernica near Bucharest will complete at the end of November its planned tenfold increase in production capacity, up to 2 GWh, after an investment of €270mn.
Net electricity production in Bosnia decreased 24.5% y/y in May
Net electricity production in Bosnia & Herzegovina amounted to 1,013 GWh in June, which is 24.5% less than in the same month of 2023, and 6.6% more than in April.
Fortis Energy to build 180 MW solar plant in Serbia
Turkey’s renewable energy producer Fortis Energy has acquired a 180 MW solar project with a battery energy storage system in Sremska Mitrovica, a town in north-west Serbia, the company announced on July 26.
Ukraine's energy sector sees improvements as EU considers boosting electricity imports
Ukraine's energy industry is showing signs of recovery following a challenging period, with the EU considering increasing electricity imports to support the country.
Serbia and Azerbaijan near green energy deal
Azerbaijan is poised to sign an agreement soon to supply green energy to Serbia, Azerbaijan's Labour Minister Sahil Babayev told local news on July 25.
Kosovo’s branch of Slovenia’s GEN-I joins ALPEX
The Albanian Energy Exchange announced on July 26 the addition of GEN-I Tirana’s branch in Kosovo as its newest bourse member for the Kosovo Bidding Zone.
Ukraine races to restore energy production capacity
Ukraine's Ministry of Energy is accelerating efforts to repair and restore its power units in 2024.
Estonia sees higher electricity prices following disconnection from Russian grid
Estonia is preparing for a significant increase in electricity prices as it decouples from the Russian electricity grid system and assumes responsibility for managing its own grid frequency.
DTEK outlines critical winter survival factors and plans to restore Ukraine's energy capacity
DTEK, Ukraine's leading energy company, has identified four critical factors essential for navigating the upcoming winter: air defences, repairs, decentralisation and imports.
Serbia sets ambitious new climate targets for 2030
The Government of Serbia has adopted a national energy and climate plan with ambitious new targets, including sourcing 45% of electricity from renewables by 2030, the Minister of Mining and Energy announced on July 25.
Romania hires US consultant Fluor Corporation for SMR nuclear project
Romanian project company RoPower Nuclear, 50% controlled and massively financed by state-controlled Nuclearelectrica, signed a $153mn (subject to revision) FEED 2 contract with Fluor Corporation for Doicesti Small Modular Reactors (SMR) project.
Premier Energy completes takeover of 80MW wind farm in Romania
The transaction by which utilities group Premier Energy (BVB: PE), controlled by Czech businessman Jiri Smejc, takes over an 80MW wind farm in Eastern Romania from Iberdrola was cleared by the Competition Council. Iberdrola exits Romania's market.
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