Energo - CEE/FSU Power

12 September 2024

Berlin upsets Kremlin plan to deliver Turkey’s first nuclear plant by blocking parts supply

11 September 2024

Announcing delays, Turkish energy minister says Russia’s Rosatom has turned to China to source required components. Non-delivery could be sanctions issue.

Russia pressing Central Asian states to embrace nuclear power

10 September 2024

Hoping to drum up some much-needed cash to help fuel the Kremlin’s war effort in Ukraine, Rosatom, Russia’s state-controlled nuclear entity, is hyping atomic energy as a “green” solution to Central Asia’s power problems.

Serbia's NIS and China's Sinopec sign agreement on green energy

10 September 2024

Serbia's oil and gas company NIS signed a memorandum on scientific and technological cooperation with China's Sinopec Petroleum Engineering Corporation on September 9.

Greece, Romania and Bulgaria plan joint response to soaring energy prices in Southeast Europe

10 September 2024

Greek energy minister says not enough interconnections to transfer power from Central to Southeast Europe.

Romania ready to launch EU-funded CfD scheme for 5GW wind and solar power plants

10 September 2024

Romania’s Energy Minister Burduja approved the final draft of the 15-year Contracts for Difference (CfD) scheme, aimed to support the development of photovoltaic and wind projects with a capacity of 5MW based on €3bn financing from the EU.

Czech energy utility CEZ bosses sell their company shares

10 September 2024

Four top managers from the majority state-owned Czech energy utility sold their shares worth CZK21mn (€0.84mn) earlier this month.

Not even “cancer explosion” warnings deterring Turkey from coal power expansion, says HRW

9 September 2024

“I have asthma, and my doctor says I need clean air. But there is no clean air. We are all ill here,” relates villager living near plant fed by “carbon bomb” mine.

Montenegro’s EPCG and KfW sign €40mn loan agreement for HPP Perucica expansion

8 September 2024

Montenegro's state-run power producer, EPCG, said on September 6 that it secured a €40mn loan from the German Development Bank (KfW) to fund the installation of the A8 unit in the Perucica hydro power plant (HPP).

Profit of Russian hydropower major RusHydro drops in 2Q24

7 September 2024

Russian state hydropower holding RusHydro posted a 7.2% year-on-year increase in revenues to RUB127.5bn in 2Q24, while EBITDA decreased by 3.7% y/y to RUB34bn.

AGP-Europe signs long-term solar power deal with Rezolv Energy

6 September 2024

Ardagh Glass Packaging-Europe (AGP-Europe), a division of the Ardagh Group, has announced the signing of a long-term virtual power purchase agreement with Rezolv Energy’s St. George solar photovoltaic project in Bulgaria.

Poland wants renewables to make up 56% of electricity mix in 2030

6 September 2024

Poland aims for 56% of its electricity to come from renewable sources by 2030, Climate and Environment Minister Paulina Hennig-Kloska said on September 5.

Montenegro’s EPCG adopts battery electric storage systems project

5 September 2024

The board of directors of Montenegrin power company EPCG have approved the proposal for the development of battery electric storage systems (BESS) project.

Lower energy prices weigh on leading Hungarian alternative energy company

5 September 2024

Hungarian alternative energy company Alteo Group reported a 15% decline in revenue to HUF49.7bn (€130mn) in the first half, primarily due to decreasing global market prices.