Energo - CEE/FSU Power
Fortis Energy and PowerChina to jointly develop wind and solar projects in Serbia
Partnership between Fortis Energy and PowerChina aims to develop projects with a combined capacity of over 850 MW.
Deal points to Tajik, Kazakh cooperation in getting uranium, rare earths out of the ground
US Westinghouse and French EDF file complaint with Czech anti-trust office over nuclear tender
Westinghouse argues that tender winner KHNP does not have the right to export its technology.
Kursk nuclear power plant at risk as front line approaches – IAEA
The head of the International Atomic Energy Agency (IAEA), Rafael Grossi, warned that the danger of an accident is rising at the Kursk nuclear power plant (NPP) as the fighting in the Kursk incursion is only 30 km away from the facility.
Estonia’s Sunly raises €300mn to finance projects in Poland and Baltics
Estonian renewable energy company Sunly secured €300mn in debt financing to accelerate the construction of 1.3 GW of solar, wind, storage and hybrid parks across the Baltic States and Poland.
Romania's Electrica reports 40% y/y decline in H1 profit
Romanian power supplier and distributor Electrica reported on August 27 that its consolidated net profit plunged by 40.3% year on year to RON102.1mn (€20.5mn) in the first half of 2024, as a result of declining revenues in its supply division.
Ukraine rocked by power outages after the largest Russian drone and missile barrage of the war
Russia launched one of its most massive missile and drone assaults on Ukraine early August 26, targeting energy infrastructure across the country. Earlier plans to export electricity will likely be put on hold as Ukraine grapples with power outages.
Serbia explores nuclear energy collaboration with IAFA experts
Serbia's Ministry of Mining and Energy is in early talks with the International Atomic Energy Agency (IAEA) to explore the peaceful use of nuclear energy.
North Macedonia’s gross power generation drops 15.3% y/y in June
North Macedonia’s gross electricity generation declined by an annual 15.3% to 426.2 GWh in June, with domestic production accounting for 100% of the gross domestic consumption, according to statistics office data.
Kosovo to opens new call for energy efficiency subsidies for homes
Kosovo Prime Minister Albin Kurti announced on August 26 that applications for energy efficiency subsidies for individual homes will open on e-Kosova portal starting August 27. The new round of funding aims to support an additional 1,300 families.
Poland to earmark over €1bn for nuclear power plant project in 2025
Poland will secure PLN4.6bn (1.08bn) to advance the country’s first-ever nuclear power plant project next year.
Hungary sets ambitious targets in reviewed National Energy and Climate Plan
Hungary prepared a draft of its NECP in the summer of 2023 and will submit the final version in the autumn of 2024, after getting feedback from the European Commission.
Romania’s solar power output up 63% y/y to 6.1% of total in H1
The power generated by Romania’s solar power installations, including the prosumers, rose by 63% y/y to 1.67TWh – or 6.1% of total electricity output in H1. The share of solar power in total production rose from 3.4% in the same period of 2023.
Slovak PM Fico to discuss nuclear investments with South Korea
The announcement follows the unveiling of Fico’s trip abroad this autumn, which will also include a joint cabinet session in the Ukrainian town of Mukachevo near the Slovak border in October, a trip to Serbia and a trip to China on November 1.
Lazo Uzuncev appointed general director of North Macedonia’s state-run power producer AD ESM
Russia faces possible power shortage due to the impact of sanctions, but plans 11 new nuclear power stations to meet demand
Moscow may face blackouts and significant electricity shortages in the coming years thanks to sanctions unless major investment is made into expanding generating capacity, according to a development scheme prepared by Russia's System Operator.
Energo: Romania’s renewable energy resurgence
OPINION: Romania’s renewable energy resurgence
EBRD Southeast Europe head of energy Georgios Gkiaouris on powering Romania’s green ambitions through highs and lows.
Serbia moves to lift 35-year ban on nuclear power plants
The government is considering nuclear energy as a viable option to reduce carbon emissions and bolster energy independence.
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