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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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Kazakhstan to reduce electricity imports from Russia
Kazakhstan has announced plans to reduce its electricity imports from Russia, Kazinform reported on February 27, citing Deputy Minister of Energy Sungat Yessimkhanov.
Wind energy covered mere 1% of Czech energy consumption in 2024
The share of the wind energy on European consumption increased to 20% in 2024, while the share in Czechia has stagnated in recent years, the Czech Press Agency wrote, quoting figures from the WindEurope report.
State financing of Paks NPP expansion in jeopardy after CJEU advisor sides with Austria
The European Union Court of Justice may overturn a previous ruling that upheld the European Commission’s approval of Hungary’s state aid for the expansion of the Paks nuclear power plant.
Rail link to supercharge Mongolia’s coal exports to China
Mongolian trade minister tells bne IntelliNews the mega-project is a “game-changer” due to his country’s historic reliance on trucking.
As Turkey knocks $3.5bn off energy import bill, researcher points to expansion of domestic renewables production
Turkey in 2024 curbed its energy imports to $65.59bn from $69.11bn in 2023, with the decrease amounting to 5.1%.
Serbia begins cooperation with EDF on nuclear energy development
Serbia has begun cooperation with French energy giant EDF in developing its nuclear energy capabilities, following a historic policy shift in November 2024 that lifted a moratorium on nuclear energy development.
Fortis partners with Pomega for battery storage at North Macedonia’s Oslomej solar plant
Fortis Energy, a prominent player in the renewable energy sector, signed an agreement with fellow Turkish company Pomega Enerji Depolama Teknolojileri for the installation of a 62 MW/104 MWh Battery Energy Storage System (BESS) at Oslomej plant.
Naftogaz secures Norwegian financing for gas purchases as private traders enter market
Ukraine’s state energy firm Naftogaz has secured external financing for gas imports, while private energy traders are also ramping up their involvement in the country’s energy supply.
Ukraine’s energy import costs outstrip export revenues by 44 times in 2024
Ukraine’s energy import costs in 2024 exceeded its export revenues by a factor of 44 in 2024.
Kazakhstan to integrate over 600 MW of renewable energy capacity in 2025
Kazakhstan has opened its rare earth and rare metal deposits to international competition, inviting companies from the US, the EU and China to bid for mining rights at government-held auctions, Kursiv reported on February 26, citing Kanat Sharlapaev.
Slovak government to declare Chinese JV Gotion battery plant a strategic investment
Croatia to invest €50mn in geothermal exploration
North Macedonia’s electricity exchange begins trading in euros
Uniper CEO: No contact with Russian Unipro management, sale depends on timing
German energy giant Uniper has had no contact with the management of its Russian subsidiary PJSC Unipro, CEO Michael Lewis said, as the company remains locked out of operational control of the asset.
Kazakhstan officially confirms Almaty Region site for nuclear power plant construction
Turkey’s Kazancı plans to invest €1bn in North Macedonia's energy sector
North Macedonia's Prime Minister Hristijan Mickoski says Kazancı's investment will strengthen energy independence and tackle air pollution.
Russian coal major Raspadskaya posts 83% profit drop in 2024
In 2024 Russian coal miner Raspadskaya posted 21% IFRS revenue decline year-on-year to $1.7bn due to continued decline in coking coal prices, with an EBITDA decline of 58% y/y to $291mn.
Kosovo’s Elen Energy wins contract for 3 MW solar plant
Kosovo’s company Elen Energy has secured a significant project for the construction of a 3 MW photovoltaic plant in the eastern municipality of Istog.
North Macedonia’s gross power generation down 16.7% y/y in 2024
North Macedonia’s gross electricity generation fell by an annual 16.7% to 5,685 GWh in 2024, with domestic production accounting for 70.2% of the country’s gross domestic consumption.
EU to fully integrate Ukraine and Moldova into energy grid by end of 2026
Ukraine and Moldova’s energy markets will be fully integrated into the European grid by the end of 2026, European Commission President Ursula von der Leyen announced on February 24.
Transnistria raises energy prices as Russia replaces subsidies with loans
The authorities of the unrecognised pro-Russian separatist region of Transnistria in Moldova have decided to double natural gas prices and increase electricity prices by 50% for local consumers.
INTERVIEW: Integrating AI with data and experience
AI is rapidly gaining traction in the oil, gas, and renewable energy sectors, as companies seek cost reductions, emissions control and safety improvements.
Serbia’s second renewables auction attracts global investment
Serbia successfully allocated its full 424.8-MW quota in the second round of its renewable energy auction, supported by the EBRD.
Turkey’s Vestel Ventures buys stake in US-based Splitvolt
Vestel Ventures, the venture capital arm of Turkish electronics giant Vestel, has taken a stake in US-based Splitvolt, a company that provides energy efficiency and electric vehicle (EV) charging solutions.
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