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Energo follows key project, policy and investment in the power sector across the FSU and CEE. This has included extensive coverage of the Czech Republic and Lithuania’s efforts to build new nuclear reactors, changing renewables policies in Poland and Romania and the privatisation and modernisation of Russia’s power sector.
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Slovakia’s power company SE obtains €3.6bn in financing
Slovakia’s largest electricity producer and operator of the country’s nuclear facilities, Slovenské elektrarne, has obtained €3.6bn in financing.
Baltic States kick off the first frequency reserve market
Heat consumption in Czechia drops by 2.6% y/y in 2024
Heat consumption in Czechia dropped by 2.6% year on year in 2024 amid warm weather.
EU helps Moldova overcome energy crisis with €310mn financial package
New package announced after Russian Gazprom’s decision to stop gas exports to Moldova sparked an energy crisis.
Baltics set for grid synchronisation with Europe
Grodno sees January sales slip as PV segment struggles
Sales of Poland’s electrical and lighting products distributor Grodno Group are expected to come in at PLN80.3mn (€19mn), down from PLN83.7mn a year earlier.
Turkey’s 2024 electricity production, consumption break records
Turkey’s electricity production and consumption reached all-time highs last year, according to Energy and Natural Resources Ministry data.
Westinghouse signs contract for feasibility study on Slovenia’s Krsko 2 project
US’s Westinghouse Electric Company signed a contract with Slovenia’s state-owned power company GEN energija to conduct a technical feasibility study (TFS) assessing the deployment of an AP1000® reactor.
OECD urges Poland to rein in deficit as spending surges
According to the latest OECD Economic Survey, Poland's progress on cutting greenhouse gas emissions has been slow, but an updated National Energy and Climate Plan for 2030 introduces more ambitious targets.
Renewable energy producer Birlesim sells 20% stake via Istanbul IPO for TRY 1.4bn
Turkey's Birlesim Grup Enerji Yatirimlari (BIGEN) has sold 116mn shares, amounting to a 20% stake, via a Borsa Istanbul initial public offering.
Kabul meeting aims to kickstart long-delayed TAP-500 power export project
The long-delayed TAP-500 project to export Turkmen electricity to Afghanistan and Pakistan was the subject of a meeting in Kabul.
EBRD to support Poland’s green transition with €200mn loan for Baltica 2 wind project
Baltica 2 offshore wind farm will be a boon for Poland, which is struggling to meet its green transition targets.
The UK, Germany and China lead global offshore wind farm roll-outs, but the rest of the world is lagging far behind.
Poland is about to double its offshore wind power generation capacity but apart from Germany and the UK, offshore wind power remains underdeveloped around the world, with the notable exception of China.
Slovenia launches €16mn renewable energy investment programme
Slovenia will launch a public call for co-financing investments in community self-sustainability of electricity from renewable energy sources for the period 2025 to 2027.
Kazatomprom secures new uranium exploration licence
Tumodo, a business travel platform serving the MENA region and India, is expanding its operations into Kazakhstan as part of its strategic growth plan, the company said in a press release on January 30.
Russia to restructure troubled hydropower major RusHydro
The Russian government is preparing a number of measures to improve the economic condition of the state hydropower holding RusHydro
Kyrgyzstan working with Kazakh company Alageum Electric to establish transformer manufacturing facility
Kyrgyzstan's energy ministry and Kazakhstan’s Alageum Electric are reportedly planning the construction of a transformer manufacturing facility that could help improve power grid resilience for Kyrgyz electricity consumers.
Korean reactor provider KHNP withdraws from Slovenia's Jek 2 nuclear project
Korean reactor technology provider KHNP has officially informed Slovenia’s Gen Energy that it will withdraw from the project to build the second unit of the Krsko nuclear plant, known as Jek 2.
EIB injects €284mn into Slovenia to boost energy transition and innovation
The European Investment Bank (EIB) Group provided €284mn in fresh financing to Slovenia last year, supporting energy transition, business innovation and capital markets, EIB said on January 30.
Ukraine secures €300mn EIB loan for hydroelectric and heating projects
Ukraine will receive €300mn in funding from the European Investment Bank (EIB) to restore three hydroelectric power plants and modernise central heating infrastructure.
Istanbul-listed Mogan invests $18mn in 33-MW hybrid solar plant
Mogan Enerji (MOGAN) has launched a 32.5-MW solar plant built at the company's 100-MW Kocatepe wind plant in Afyon province of Turkey's Aegean region to form a hybrid power complex, the company has announced.
PGE and Orsted move ahead with offshore wind farm in the Baltic Sea
Poland’s state-controlled PGE and Denmark's Orsted will build Baltica 2, a 1.5-gigawatt offshore wind farm off Poland’s northwestern coast, the companies said on 29 January.
Tashkent meeting determines core principles for Kyrgyzstan "Project of the Century" Kambarata-1 HPP
Kyrgyzstan, Uzbekistan, Kazakhstan and the World Bank have agreed on the core principles and stages of the multi-billion-dollar Kambarata-1 hydropower power plant (Kambarata-1 HPP) project.
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