Eksim Energy, which operates one of the biggest solar power plants in Turkey, commissioned the first part of its Yozgat wind farm. The company based in Istanbul has surpassed 1 GW in installed capacity. Eksim Energy (Enerji) is accelerating its expan...
North Macedonia’s power utility Elektrani na Severna Makedonija has secured a EUR 1.5 million grant to strengthen its capacity and accelerate the energy transition. Elektrani na Severna Makedonija (ESM) made a major step toward a market-driven green...
The results of exploration at the Vinkovci GT-1 well have confirmed the area’s significant geothermal potential, Croatian Hydrocarbon Agency said. Maximum temperature is 131 degrees Celsius. Vinkovci is the third location in Croatia with positive res...
Russian oil producer Lukoil said it intends to sell its international assets due to US sanctions and that it has already begun reviewing bids. The company’s foreign subsidiaries include oil refineries in Bulgaria and Romania, as well as fuel retail c...
Russian oil producer Lukoil has accepted an offer from global commodities trader Gunvor Group Ltd. to acquire its international assets, which were put up for sale due to sanctions imposed by the United States over the war in Ukraine. The assets inclu...
Sofia-based Sunotec signed an agreement with oil and gas major Shell on the development of battery energy storage systems in Central Eastern Europe. Sunotec is developing projects for large solar and battery energy storage systems (BESS) in Europe wh...
The number of power purchase agreements in Europe decreased by 60% compared to the same period last year, while contracted capacity has dropped by 40%, according to RE-Source Platform. Europe’s power purchase agreement (PPA) market is facing headwind...
The Council of the European Union upheld the proposed 90% emissions cut target for 2040 ahead of the United Nations Climate Change Conference COP30 in Brazil, but with substantial workaround possibilities. In addition, the environment ministers faile...
Power utility Elektrani na Severna Makedonija estimated that it requires EUR 3 billion by 2040 to replace electricity from its lignite-fired power plants. According to member of the Board of Directors Ivan Stojanovski, the state-owned company is prep...
Public consultation is underway in Cyprus for environmental impact assessment (EIA) studies for three projects for photovoltaic units, of 14.5 MW in total peak capacity, with 40 MWh in battery storage. The developer, SAOLA, plans several such investm...
Poland-based R.Power began work on its Lazuri photovoltaic plant of 55 MW in peak capacity in Satu Mare county in northwestern Romania. The company is energizing four solar parks of more than 23 MW overall, its first operational assets in the country...
The 14th International Forum on Energy for Sustainable Development (IFESD-14) concluded yesterday with the signing of the Skopje Declaration. During the three-day summit, North Macedonia’s capital became a global center of dialogue, ideas, and vision...
Serbia’s power exchange, SEEPEX, has reached an agreement with state-owned utility Elektroprivreda Srbije to work together on strengthening the intraday electricity market. SEEPEX is proud to announce the signing of a strategic agreement with Elektro...
PPC Group has launched the construction of a battery energy storage system in the area of its Amyntaio coal plant. The company is also building BESS facilities at its thermal power plants Kardia and Meliti, as it is preparing to end coal use in Greec...
Serbia’s distribution system operator, Elektrodistribucija Srbije (EDS), plans a comprehensive restructuring to improve financial stability, operational efficiency, and investment planning capacity, in line with the country’s stand-by arrangement wit...