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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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China shaping Azerbaijan's energy future amid US competition in Caspian region
China's foreign policy relies in no small part on its investments in other nations' energy transitions, which foster strategic alliances and increase its geopolitical clout
Moldova launches first CfD tender for wind and solar plants
The Government of Moldova launched a tender to select investors in wind and solar plants with total installed capacities of 105MW and 60MW respectively.
Cost of nuclear fuel production reaches record high as uranium conversion prices surge 46%
Energo: Cost of nuclear fuel production reaches record high as uranium conversion prices surge 46%
Paks NPP forced to scale back production due to heatwave
Output at the fourth block of the Paks nuclear power plant had to be scaled back by 80 MW on August 15 as the Danube's water temperature exceeded the 29.5 Celsius degree threshold at the monitoring site near the facility.
EPS H1 profit “great success” despite y/y decline
Serbia’s state-owned power utility, Elektroprivreda Srbije (EPS), reported a profit of RSD32.8bn (€280mn) for the first half of 2024, exceeding its initial forecasts by RSD9.4bn (€80mn).
Croatian activists threaten EU action over Una river HPP
Uzbekistan drops tax limits for solar panels
Ukraine’s $20bn renewable energy plan targets 27% share by 2030
Ukraine's ambitious National Renewable Energy Action Plan, recently approved by the government, requires an estimated $20bn in investments to achieve its goals, according to a statement released by the Ministry of Energy.
EBRD, UniCredit Bank lend €40.1mn to Bosnia’s Elektroprivreda BiH for green transition
Azerbaijan builds largest wind farm in the Caucasus
Azerbaijan is steadily advancing towards becoming a leader in renewable energy, with the goal of emerging as a key exporter of green energy to Europe.
IAEA yet to determine сause of Zaporizhzhia nuclear plant fire
The International Atomic Energy Agency (IAEA) has not yet determined the cause of the fire that broke out at the Zaporizhzhia nuclear power plant’s cooling tower on August 11.
DTEK Energy invests nearly $48mn in thermal power plant repairs and restoration
DTEK Energy has invested almost UAH2bn ($48mn) of its own funds into the repair and restoration of thermal power plants during the first seven months of 2024.
Turkey reportedly pushing for submarine electricity interconnection with northern Cyprus
IAEA confirms drone strike did not compromise Zaporizhzhia Nuclear Plant safety
The International Atomic Energy Agency (IAEA) has confirmed that a recent drone strike on the Zaporizhzhia nuclear power plant (ZNPP) in Ukraine did not compromise the nuclear safety of the facility.
Kretinsky confirms intention to take over Slovenske elektrarne
Deal would mark Enel's exit from Slovakia after almost 20 years, during which it has rowed constantly with the government and struggled to modernise the formerly state-owned utility.
Ukraine shifts to solar energy with $25mn in loans for households and public buildings
Ukraine is accelerating its transition to solar energy, with UAH1bn in loans already approved by Ukrainian banks for the installation of solar power systems in households.
Russian coal miner Raspadskaya reports decline in revenue and profit for 1h24
Russian coal miner Raspadskaya reported a significant decline in revenue and profit for the first half of 2024 on August 9, as the company disclosed a series of operating indicators and financial results under IFRS.
Cumulative capacity of Polish wind and solar power installations hits 30 GW in August
The installed capacity of Polish wind and solar power installations reached nearly 30 gigawatts as of August 1, PSE, the state manager of the country’s power grid, said on August 9.
Fortis Energy secures permits for 509 MW wind project in Serbia
Turkish renewable energy producer Fortis Energy has received preliminary permits for three wind parks in Serbia with a combined capacity of 509.4 megawatts, the company announced on August 8.
Ukraine's energy sector faces over $56bn in losses amid crisis, recovery needs top $50bn
Ukraine's energy sector has suffered direct and indirect losses exceeding $56bn due to the ongoing crisis, with the cost of recovery estimated at over $50bn.
Turkey’s Zorlu to divest Israel stakes amid media outcry over continuation of business despite Gaza war
Turkish Entek enters Romanian renewable energy market with €33mn acquisition
Entek Elektrik Üretimi (Entek Electric Production) acquired two Romanian companies that are in the process of obtaining the rights for the development of a 214.26 MWdc (171-182 MWac) photovoltaic project.
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