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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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Ukraine delays distribution of EU funds for energy infrastructure due to “bureaucratic obstacles”
Moldova may host Ukraine’s gas-fired power generation units
Moldova has expressed its readiness to supply electricity to Ukraine within the framework of the "gas for electricity" project.
Caspian Sea can propel Azerbaijan to forefront of offshore wind power
In 2022, the Global Wind Energy Council ranked countries based on their offshore wind energy potential. Azerbaijan joined the top four alongside Australia, Sri Lanka and Turkey.
Ukrnafta secures EBRD loan to invest $1bn in power plants
Ukrnafta, Ukraine's leading oil and gas company, will receive a loan from the European Bank for Reconstruction and Development and invest $1bn in constructing power plants as part of its transformation into a multi-energy company.
Belgium’s Bekaert buys 100GWh in advance from Rezolv Energy’s wind farm in Romania
The Belgian company Bekaert, specialising in steel wire processing and surface coating technologies, has signed a Virtual Power Purchase Agreement to buy 100 GWh of electricity from the wind farm that Rezolv Energy is developing in Romania.
European Commission clears NPP expansion project in Romania
New reactors at the Cernavoda nuclear power plant are expected to avoid the emission of 20mn tonnes of CO2 per year.
Putin talks trade and energy with Mongolian counterpart Ukhnaagiin at SCO summit
Russian President Vladimir Putin held in-depth negotiations with his Mongolian counterpart, President Ukhnaagiin Khurelsukh, in the former Kazakh capital of Alamaty during the Shanghai Cooperation Organization (SCO) summit on July 3.
Armenia discusses new US-designed nuclear plant to replace Metsamor
Armen Grigoryan, secretary of Armenia's Security Council, revealed the talks at a conference in Yerevan, stressing the need for a legal framework to move the project forward.
DTEK Renewables to pledge Ukraine's largest solar plant as €325mn Eurobond collateral
The DTEK group is set to pledge Ukraine’s largest solar power plant as collateral to secure a €325mn Eurobond.
Kosovo to launch first wind energy tenders for 150 MW capacity
Kosovo’s Ministry of Economy has announced plans on July 2 to initiate the country's first tenders for wind energy, aiming for a total capacity of approximately 150 MW.
Hidroelectrica awards €188mn hydropower plant refurbishment contract
Romanian state-controlled hydropower company Hidroelectrica awarded a €188mn contract for the refurbishment of its major hydropower plant Vidraru to an association formed by Romanian companies Electromontaj, Butan Grup and Croatia's Koncar.
IMF downgrades Ukraine's economic outlook, predicts electricity shortage until 2026
The IMF has downgraded its economic growth forecast for Ukraine for 2024 and 2025, citing the impact of ongoing Russian attacks on the country's energy infrastructure.
Turkey hikes electricity prices by 38%
Global access to energy starts to fall for the first time in a decade, says IEA
Population growth means that for the first time in a decade access to global energy has begun to fall despite the massive investment going into clean energy to fight the climate crisis, the International Energy Agency said in a new report.
Moldova to launch tender for 165MW of PV and wind farms
The tender for the construction of large-sized PV and wind farms with a total installed capacity of 165MW in Moldova will be launched in the first week of July.
Russia’s coal sector battered by sanctions
Russia's coal industry, one of the country's largest raw materials sectors, is on the brink of financial collapse as it grapples with the severe impact of international sanctions.
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