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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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Officials say modernisation of largest Kyrgyz hydro power plant Toktogul nearing completion
Greece, Romania and Bulgaria plan joint response to soaring energy prices in Southeast Europe
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
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
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
“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.
Croatian government unveils €250mn aid package to curb energy costs
Montenegro’s EPCG and KfW sign €40mn loan agreement for HPP Perucica expansion
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).
Vero shopping centre in Skopje installs rooftop solar power plant
Profit of Russian hydropower major RusHydro drops in 2Q24
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
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
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
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
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.
Ukraine close to finalising talks to buy Russian-made nuclear reactors from Bulgaria
Ukraine is in the final stage of negotiations with Bulgaria on the supply of reactors for power units No. 3 and No. 4 at the Khmelnytskyi nuclear power plant, a statement from the Ukrainian energy ministry said.
BMZ Group begins construction of €65mn lithium battery factory near Skopje
The facility, located in a free industrial zone near Skopje, is slated to become operational by May 2025. This significant foreign investment is expected to generate up to 1,000 new jobs in its later stages.
Zelenskiy reshuffles the government, sacks energy boss
Ukrainian President Volodymyr Zelenskiy reshuffled his government, sacking several prominent officials that led to others in his team to quit on September 3.
Joint venture set up in Bucharest to bring Azeri green power to Europe
High-voltage submarine cable to connect Romania and Georgia across the Black Sea, with extensions to Hungary and Azerbaijan.
Croatian energy prices to rise by 10-15%
E.On breaks ground on Hungary's largest solar farm near BMW'S new Hungarian plant
The 43-MW farm will consist of 320,000 sqm of solar panels, of which 187,000 sqm will be installed on the roofs of the factory buildings and the rest on the ground.
Slovenia's Sostanj TPP faces bankruptcy
Slovenia’s largest thermal power plant, Sostanj (Tes), is on the brink of bankruptcy, posing a significant risk to the heating supply for 35,000 residents in the Savinjska and Šaleška valleys.
Tokayev delivers state-of-the-nation address, sets nuclear power plant referendum date
Serbia considers nuclear energy as lawmakers debate overturning 35-year ban
Serbian lawmakers are debating whether to amend the nation's energy laws, overturning a 35-year-old ban on nuclear power plants, local media reported on September 3.
Rezolv Energy partners with local firms for 229-MW solar park in Bulgaria
Rezolv Energy, backed by private equity firm Actis, has selected three companies – CMC Europe, Solarpro Holding and Green Solar Energy – to construct the 229MW St. George solar park in Silistra Municipality, northeastern Bulgaria.
EIB lends €50mn to Slovenia’s Elektro Ljubljana for power grid upgrade
The European Investment Bank (EIB) is lending €50mn to Slovenia's largest electricity distributor, Elektro Ljubljana, to expand and modernise its power distribution network in central and southeastern Slovenia.
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