January 23, 2026
by in News

Greece adds 340 MW of wind farms in 2025, acceleration seen for this year

New wind capacity came in at 340 MW in Greece last year, with 76 onshore turbines installed, according to the Hellenic Wind Energy Association (HWEA or ELETAEN).

Installations increased by 6.4% on an annual scale and represented EUR 420 million in investment. Total wind capacity reached 5,695 MW in the country, with HWEA expecting a 900 MW rise in 2026.

Papastamatiou: 2 GW await connection

Based on these numbers, the wind sector appears to be going through rebirth, after several years of low to average installations. Currently, 1.1 GW of new projects are under construction or contracted and the majority is expected to come online within the next 18 months.

Added on top are 200 MW from previous auctions, which took place during the period 2018-2022. HWEA said that even though 1,592 MW was awarded, only 852.4 MW managed to connect to the grid by the end of 2025.

“Right now, about 2 GW of wind farms have an installation license, but have not been completed. Half of those are under construction or contracted. There are also 3 GW who have completed environmental licensing and await grid connection terms. Naturally, there are even more projects that go through the licensing jumble. All of them – especially the most efficient – constitute national wealth and can reduce energy costs for consumers,” said HWEA’s General Director, Panagiotis Papastamatiou.

Terna Energy and Vestas top the charts

The top 5 operators by capacity in Greece are Terna Energy (18.2%), MORE (13.6%), Iberdrola Rokas (7.2%), Principia (6.5%) and PPC Renewables (5.6%).

Vestas has the highest share among manufacturers, 44%. Enercon accounts for 25%, followed by Siemens Gamesa with 15.8% and Nordex, which is at 9.2%.

Notably, the day with the highest hourly wind share in power production was April 28, 2025, when wind farms supplied 97.2%. In total, these units covered more than 50% of the demand for 616 hours of the year.

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January 22, 2026
by in News

Greece adds 340 MW of wind farms in 2025, acceleration seen for this year

New wind capacity came in at 340 MW in Greece last year, with 76 onshore turbines installed, according to the Hellenic Wind Energy Association (HWEA or ELETAEN).

Installations increased by 6.4% on an annual scale and represented EUR 420 million in investment. Total wind capacity reached 5,695 MW in the country, with HWEA expecting a 900 MW rise in 2026.

Papastamatiou: 2 GW await connection

Based on these numbers, the wind sector appears to be going through rebirth, after several years of low to average installations. Currently, 1.1 GW of new projects are under construction or contracted and the majority is expected to come online within the next 18 months.

Added on top are 200 MW from previous auctions, which took place during the period 2018-2022. HWEA said that even though 1,592 MW was awarded, only 852.4 MW managed to connect to the grid by the end of 2025.

“Right now, about 2 GW of wind farms have an installation license, but have not been completed. Half of those are under construction or contracted. There are also 3 GW who have completed environmental licensing and await grid connection terms. Naturally, there are even more projects that go through the licensing jumble. All of them – especially the most efficient – constitute national wealth and can reduce energy costs for consumers,” said HWEA’s General Director, Panagiotis Papastamatiou.

Terna Energy and Vestas top the charts

The top 5 operators by capacity in Greece are Terna Energy (18.2%), MORE (13.6%), Iberdrola Rokas (7.2%), Principia (6.5%) and PPC Renewables (5.6%).

Vestas has the highest share among manufacturers, 44%. Enercon accounts for 25%, followed by Siemens Gamesa with 15.8% and Nordex, which is at 9.2%.

Notably, the day with the highest hourly wind share in power production was April 28, 2025, when wind farms supplied 97.2%. In total, these units covered more than 50% of the demand for 616 hours of the year.

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January 22, 2026
by in News

From Austria to Albania: Verbund, Nordex to deploy 105 wind turbines across Europe

Verbund Green Power has forged a partnership with Nordex Group for the potential procurement of wind turbines.

Verbund Green Power, a subsidiary of Austrian state-owned energy utility Verbund, has entered into a multiyear framework agreement with leading wind turbine producer Nordex Group for the potential procurement of wind turbines of up to 700 MW in total capacity, according to a joint press release.

The agreement runs through 2030.

The power plants are planned in six markets

The agreement was officially signed in Verbund Green Power’s Madrid office by Dietmar Reiner, Managing Director of Verbund Green Power, and José Luis Blanco, CEO of Nordex Group.

They expressed willingness to facilitate the supply and delivery of up to 105 Nordex onshore wind turbines for Verbund Green Power’s wind projects. They are are planned in Austria, Germany, Spain, Italy, Romania and Albania, the update reads.

europe verbund nordex Dietmar Reiner José Luis Blanco
José Luis Blanco and Dietmar Reiner (photo: Verbund)

Of note, Christopher Billot, Sales Director for the Mediterranean region of Nordex Group, said at Belgrade Energy Forum 2025 that the Balkans is a key region for his company.

The deal would cover approximately 50% of Verbund Green Power’s wind project pipeline.

Blanco: We’re creating a clear path to deliver reliable, cost-efficient wind energy together with Verbund

Nordex Group CEO José Luis Blanco explained that through this multi‑year framework, the company would provide the turbine capacity to convert an ambitious pipeline into clean generation across six multi‑country markets in Europe.

“With up to 700 MW of our latest 7 MW class onshore turbines slated across Austria, Germany, Spain, Italy, Romania and Albania, we’re creating a clear path to deliver reliable, cost-efficient wind energy together with Verbund through 2030,” he stressed.

Strugl: The collaboration with Nordex strengthens our supply options as our projects mature

Blanco recalled that late last year Nordex received a first order from Verbund for nine N175/6.X turbines for Romania. “We’re expanding our footprint in this country,” he added.

According to Verbund CEO Michael Strugl, the collaboration with Nordex supports his company’s strategic objective of scaling up renewable generation across Europe.

“It strengthens our supply options as our projects mature, allowing us to secure the supply chain in a very competitive environment and deliver on Mission V targets, contributing to a secure and accelerated energy transition in our markets,” Strugl added.

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January 21, 2026
by in News

From Austria to Albania: Verbund, Nordex to deploy 105 wind turbines across Europe

Verbund Green Power has forged a partnership with Nordex Group for the potential procurement of wind turbines.

Verbund Green Power, a subsidiary of Austrian state-owned energy utility Verbund, has entered into a multiyear framework agreement with leading wind turbine producer Nordex Group for the potential procurement of wind turbines of up to 700 MW in total capacity, according to a joint press release.

The agreement runs through 2030.

The power plants are planned in six markets

The agreement was officially signed in Verbund Green Power’s Madrid office by Dietmar Reiner, Managing Director of Verbund Green Power, and José Luis Blanco, CEO of Nordex Group.

They expressed willingness to facilitate the supply and delivery of up to 105 Nordex onshore wind turbines for Verbund Green Power’s wind projects. They are are planned in Austria, Germany, Spain, Italy, Romania and Albania, the update reads.

europe verbund nordex Dietmar Reiner José Luis Blanco
José Luis Blanco and Dietmar Reiner (photo: Verbund)

Of note, Christopher Billot, Sales Director for the Mediterranean region of Nordex Group, said at Belgrade Energy Forum 2025 that the Balkans is a key region for his company.

The deal would cover approximately 50% of Verbund Green Power’s wind project pipeline.

Blanco: We’re creating a clear path to deliver reliable, cost-efficient wind energy together with Verbund

Nordex Group CEO José Luis Blanco explained that through this multi‑year framework, the company would provide the turbine capacity to convert an ambitious pipeline into clean generation across six multi‑country markets in Europe.

“With up to 700 MW of our latest 7 MW class onshore turbines slated across Austria, Germany, Spain, Italy, Romania and Albania, we’re creating a clear path to deliver reliable, cost-efficient wind energy together with Verbund through 2030,” he stressed.

Strugl: The collaboration with Nordex strengthens our supply options as our projects mature

Blanco recalled that late last year Nordex received a first order from Verbund for nine N175/6.X turbines for Romania. “We’re expanding our footprint in this country,” he added.

According to Verbund CEO Michael Strugl, the collaboration with Nordex supports his company’s strategic objective of scaling up renewable generation across Europe.

“It strengthens our supply options as our projects mature, allowing us to secure the supply chain in a very competitive environment and deliver on Mission V targets, contributing to a secure and accelerated energy transition in our markets,” Strugl added.

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July 31, 2025
by in News

With 152 MW of wind power installed in H1 2025, Greece continues low trajectory

Just 152.2 MW of wind farms were installed in Greece in the first half of 2025, thus continuing the low trajectory of recent years.

According to the Hellenic Wind Energy Association (HWEA or ELETAEN), total wind capacity in the country reached 5,507 MW at the end of June. In the first six months of the year, 37 new wind turbines were installed in Greece, with a capacity of 152.2 MW, representing a total investment of EUR 180 million.

New capacity doubled compared to the same period of 2024, but is not enough to support a more balanced renewable mix, HWEA said. In comparison, photovoltaics consistently add similar capacity in just one month on average.

The association also mentioned that currently there is 1 GW of wind projects under construction, or contracted. The majority are expected to launch operations within the next 18 months. There is another 300 MW selected through auctions for which letters of guarantee were submitted, and it is expected to reach completion. As a result, total capacity is projected to reach 6.5 GW within the period.

HWEA: Red tape is delaying 846 MW of wind projects

HWEA stressed that due to red tape, the construction of over half of the wind power capacity awarded at renewable energy auctions in the period 2018-2022 has been delayed. Namely, 1.592 MW was selected, but just 746 MW is operational today.

“If they had been completed on time, these wind projects, with a total capacity of 846 MW, would have provided more cheap energy and permanent relief to Greek consumers and the national economy,” HWEA pointed out.

Terna Energy and Vestas lead the pack

When it comes to wind energy’s geographical dispersion, Central Greece (Sterea Ellada) leads with 2.427 MW, followed by 709 MW in the Peloponnese and 535 MW in Eastern Thrace.

The top 5 market players are Terna Energy (1,034 MW – 18.8%), owned by Masdar, Motor Oil Hellas’s subsidiary MORE (774 MW – 14.1%), Iberdrola Rokas (409 MW – 7.4%), Principia (368 MW – 6.7%) and PPC Renewables (308 MW – 5.6%), which operates within state-controlled Public Power Corp. or PPC).

The most prominent wind turbine suppliers are Vestas, with 45.1% of the market, followed by Enercon, with 25.7%, and Siemens Gamesa, with 16.4%. They are trailed by Nordex, with 7.6%, GE Renewable Energy (now GE Vernova), with 3.7%, and EWT, Goldwind and Leitwind.

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June 30, 2025
by in News

Montenegrin power utility to borrow EUR 25.6 million for phase 2 of Gvozd wind farm

Montenegro’s state-owned power utility Elektroprivreda Crne Gore (EPCG) plans to take out a EUR 25.6 million loan from the European Bank for Reconstruction and Development (EBRD) to finance the second phase of the Gvozd wind farm project, with an installed capacity of 21 MW. The first phase of wind farm Gvozd, which is under construction, will have a capacity of 54.6 MW.

Announcing its request for government consent, EPCG stated that the capacity increase through the second phase of Gvozd would improve the security of electricity supply, increase the share of renewable energy in the country’s energy mix, and help Montenegro meet its international climate policy commitments.

EPCG previously announced that it expected the start of construction of the Gvozd 2 wind farm in early 2026.

The new document also states that EPCG has submitted a viability assessment of the Gvozd 1 and Gvozd 2 projects, prepared by German consultancy Fichtner GmbH & Co. KG for the purpose of securing financing from the EBRD.

The first phase of wind farm Gvozd will cost EUR 82 million

The first phase of the Gvozd wind farm, with eight turbines, is financed by an EUR 82 million loan from the EBRD. The groundbreaking ceremony was held in November 2024, and EPCG expects the power plant to enter trial operation by the end of this year. Its planned annual electricity output is 150 GWh.

A contract for the design, procurement, supply, and installation of equipment, as well as the commissioning and long-term maintenance of the future wind power plant, was signed with German company Nordex. EPCG said at the time that wind farm Gvozd would be its first large-scale power generation facility built in more than 40 years.

SCADA and ADMS will be introduced through a EUR 35 million project

In the announcement, EPCG also says it signed an agreement with the EBRD in January on financing a project to introduce the SCADA and ADMS systems into Montenegro’s power system. The implementation of SCADA (supervisory control and data acquisition) and ADMS (advanced distribution management system) is a key step towards modernizing the electricity distribution network, the document states.

SCADA enables remote control, monitoring, and automation of electricity distribution, while ADMS supports the integration of renewable energy sources. Together, these systems significantly improve the reliability, efficiency, and security of the power system, EPCG explains.

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June 9, 2025
by in News

Billot: Balkans is key region for Nordex

This year Nordex Group is celebrating its 40th anniversary as one of the largest wind turbine manufacturers in the world. “We’re number one in Europe and the Balkans is actually a key region for us,” Christopher Billot, Sales Director for the Mediterranean region of Nordex Group, said at Belgrade Energy Forum 2025.

Nordex installed its first N27 turbine with a capacity of 250 kW in 1986, just one year after the company was founded. In 1995, it became the first in the world to start serial production of a megawatt-class turbine. Today, the capacity of its units ranges from 4 MW to 7 MW.

Christopher Billot noted that the company has been manufacturing wind turbines for the last 40 years.

Nordex entered the Balkans 10 years ago

“We’re number one in Europe and the Balkans is actually a key region for us where we focus intensively. We’ve been there for the last 10 years, and so far we have achieved up to 1 GW of wind turbine installation but also construction across Croatia, Montenegro, and Serbia,” Billot stated.

Nordex is spreading within the region and that’s key, in his words, for the company and its future in the region and overall.

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“We’re happy to be a silver sponsor of the Belgrade Energy Forum. This is for us a great opportunity to network and to basically partner with all the institutions, clients, and continue to grow and build the network for growth in the Balkans,” Billot stressed.

The global company has marked its 40th anniversary at the recently held Belgrade Energy Forum 2025 (BEF 2025), affirming its commitment to the region.

Helping the pioneering steps in renewables development

Nordex installed and contracted an overall 1 GW in Croatia, Montenegro, and Serbia, encompassing 222 wind turbines across 16 wind farms. Looking at the company’s portfolio, it can be said that it plays a pioneering role in the development of renewable energy sources in the region.

Here are a few examples.

In November last year, it signed an agreement with Montenegro’s state-owned power utility Elektroprivreda Crne Gore (EPCG) for its first wind farm, Gvozd, with a capacity of 54.6 MW. The contract is worth EUR 46.4 million.

A few months earlier, it was announced that Nordex would participate in the expansion of the largest wind farm in Serbia. It received an order for 22 turbines with a total capacity of 154 MW for the Čibuk 2 project. The investors are Masdar and Taaleri SolarWind III Fund.

Nordex was also a partner to Croatian state-owned Hrvatska Elektroprivreda (HEP) in building its first wind power plant. The contract for the delivery of 18 wind turbines with a total capacity of 58 MW for the Korlat wind farm was signed in July 2019.

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May 5, 2025
by in News

Nordex Group – from a sketch on the wall to a leading Western wind turbines developer

Nordex Group, one of the largest wind turbine manufacturers in the world, is celebrating its 40th anniversary. The company’s portfolio in Croatia, Serbia and Montenegro recently reached a total of 1 GW in installed capacity and projects under development, underscoring Nordex’s strong commitment to supporting Southeastern Europe’s energy transition goals.

Nordex will participate in the leading regional conference, the Belgrade Energy Forum, and take this opportunity to mark this milestone. At the event, Anne-Catherine de Tourtier, Vice-President Mediterranean, will contribute to discussions as a panelist, and the company will host an anniversary celebration.

It was back in the early eighties, in Denmark, that Flemming Pedersen and his two sons, Carsten and Jens, had a vision: develop innovative products that could generate electricity in a cost-effective way while protecting environment. To put this idea into practice, they devised a wind turbine which they first sketched on a wall.

They built the first 65 kW turbine, installed on the family property and made it work.

This was the starting signal ; in 1985, Carsten and Jens Pedersen founded Nordex A/S in Give, laying the foundations for Nordex as a company.

The founders had a vision to generate cost-effective power with no impact on the environment

A lot has changed in 40 years. Nordex Group has become one of the world’s leading Western manufacturers of wind turbines, successful around the globe and the market leader in Europe. Technology and the industry have been developed at an impressive pace.

Electricity from wind power has become cost competitive. A strong focus on innovation and cost of energy (COE) has significantly reduced the cost per kilowatt-hour, turning wind into the cheapest source of electricity in many regions.

A crucial role in protecting the planet from climate change

One thing has not changed in the four decades of the Nordex story: Developing and delivering clean power plants that make 100% renewable energy a reality for the world, is still the shared mission and driver of today’s more than 10,900 Nordex Group employees, and its valued partners and clients around the globe.

The company kicked off the 40th anniversary series by thanking its customers, suppliers, colleagues and friends who have made its journey of innovation and growth possible.

“A special thank you to the Pedersen family for following a vision and believing in a technology that was once perceived by many as an utopian dream, and today recognized as playing a crucial role in protecting our planet from climate change, safeguarding it for generations to come!” said Vice-President Mediterranean Anne-Catherine de Tourtier, who will participate at Belgrade Energy Forum next month.

The first Nordex-branded wind turbine

In 1986, just one year after the company was founded, the first Nordex-branded wind turbine started to produce energy. Developed by the visionary Pedersen brothers and Nordex’s inaugural employee, Knud Buhl Nielsen, the N27 marked the beginning of a groundbreaking journey towards sustainable energy production.

The firm rented the tallest crane in Denmark to lift the first N27 turbine in 1986

Looking back on this milestone, Carsten Pedersen fondly recalls: “The first real Nordex turbine was the N27 with a rotor diameter of 27 meters, on a 30-meter tubular tower which we erected at our factory in 1986. At that time, it was one of the biggest turbines on the market and we thought that it was really big. We had to rent the tallest crane in Denmark to erect it.”

From today’s perspective, the whole development process in the early stages of Nordex seems truly adventurous. In the absence of a computer, the design was done by hand, and the loads were calculated using a pocket calculator.

However, it’s safe to say that both processes were conducted thoroughly and expertly. “The turbine actually kept running for 30 years, as we did not dismantle it until 2016,” remembers Jens Pedersen.

Three decades since the company’s first 1 MW wind turbine

Looking back, based on the first steps with the N27, it seems that “thinking big” was the beginning of the Nordex Group natural approach. A further humble milestone was accomplished today: 30 years of producing turbines of the megawatt class. In 1995, Nordex introduced the worldwide first series-produced megawatt turbine, the N52, with 1 MW.

Today, Nordex’s Delta4000 series boasts a rated power more than 45 times that of the N27, showcasing the remarkable advancements in technology and engineering expertise. Over the past 40 years, the rotor diameter has increased 6.5-fold, reaching an impressive 175 meters, with its swept area increasing accordingly by a factor of 42. Today, Nordex wind turbines are manufactured with capacities ranging from 4 MW to 7 MW.

Anniversary celebration at BEF 2025 is affirming Nordex’s commitment to the Balkans

The global company is marking its 40th anniversary at the upcoming Belgrade Energy Forum, affirming its commitment to the Balkans.

Vice-President Mediterranean Anne-Catherine de Tourtier is one of the speakers in the panel discussion ‘Energy revolution underway – uniting efforts to deliver green, intelligent and sustainable energy solutions’.

Organized by Balkan Green Energy News, BEF 2025 will be held on May 14 and 15 in Serbia’s capital city.

Belgrade Energy Forum is a central meeting point for representatives of regional and international institutions, organizations and the business community from the region, Europe, and beyond.

Make sure you register on time via this link.

In the evening on May 14, Nordex is organizing its anniversary celebration party for all the participants at the conference.

The group is actively focusing on the Balkan market, with a robust presence across the region, currently involved in six projects in Croatia, three in Serbia, and one in Montenegro.

“We have successfully contracted 1 GW in Serbia, Croatia, and Montenegro, encompassing 222 wind turbines across 16 wind farms. Our team in the Balkans region has grown to over 30 employees, reflecting our significant investment in local talent and development,” said Managing Director for Serbia Vladimir Kolarević.

Nordex highlighted the Balkans as one of its key growth areas, with several ongoing projects in other countries within the region as well. As a crucial partner in the energy transition, the wind turbine manufacturer leverages its footprint and network in Croatia, Serbia, and Montenegro to enter new markets and drive sustainable development, according to the update.

The company is listed on the Frankfurt Stock Exchange, and has installed so far 57 GW of wind power capacity in over 40 markets.

In Turkey, one of its manufacturing hubs, Nordex received orders for more than 1 GW in 2024. And then 750 MW was booked in the country just in the first quarter of this year.

As for the other markets tracked by Balkan Green Energy News, a notable example is Greece, where Nordex surpassed 1 GW.

Post Views:50
April 14, 2025
by in News

Belgrade Energy Forum 2025 – 50 speakers at eight panels to track pace of SEE energy transition

The agenda of the third Belgrade Energy Forum, taking place on May 14-15, has been finalized with the addition of further prominent energy experts and companies. The conference, organized by Southeast Europe’s leading energy news portal, Balkan Green Energy News, will feature eight panels covering key topics in the energy sector, with an impressive lineup of speakers. Make sure you register on time via this link.

The Belgrade Energy Forum will once again be a meeting place for representatives of regional and international institutions and organizations, as well as the business community from across the region, Europe, and the world.

Eight panels featuring more than 50 speakers will offer an overview of the current challenges in the energy sector. Conference participants will hear in-depth analyses of the current situation, but also projections for the future. The thread that connects everything at this year’s BEF is digitalization – it permeates energy production, consumption, and storage and allows enough flexibility for the stable functioning of the energy systems of the future, where renewable energy will dominate.

Chikán: Electricity knows no borders

One of the key speakers at the conference, Alteo Group CEO Chikán Attila, will lead the company’s high-level delegation. Alteo has recently launched a regional expansion drive, aiming to establish a green platform of up to 2 GW in energy production, including operation, software, maintenance, storage, and waste management.

The Hungarian company primarily targets its home market, Slovakia, Croatia, and Serbia.

“Electricity knows no borders, therefore partnerships and collaborations among energy market players are essential, even at the regional level. Such cooperation is vital to ensuring the security and reliability of electricity supply, facilitating the integration of renewable energy sources, and providing essential digital solutions, supported by expertise and professional know-how,” Chikán stressed.

Decarbonization strategies for power generation in Southeast Europe 2040/2050

  • Dejan Paravan, CEO, GEN Energija
  • Dušan Živković, CEO, EPS
  • Eric Scotto, CEO, AKUO
  • Milutin Đukanović, Chairman, EPCG Board of Directors
  • Neda Lazendić, Country Manager, WV-International

Although at the heart of national energy systems, state-owned power utilities are faced with an environment that has changed and continues to change rapidly. The key shift is the entry of private capital into electricity production through the construction of solar power plants and wind farms.

The energy transition, at this stage, requires cooperation between state power utilities and private companies. With decarbonization as the main objective, the key challenge lies in choosing appropriate strategies and electricity generation technologies.

Moderating the panel will be Dražen Jakšić, Director of the Energy Institute Hrvoje Požar (EIHP).

“The transition to a low-carbon energy system is a key challenge for our region, demanding innovation, investment, and cooperation. As a sponsor of the Belgrade Energy Forum, EIHP is committed to fostering dialogue and driving sustainable energy solutions. I look forward to an insightful discussion,” he stressed.

Jakšić: The transition to a low-carbon energy system is a key challenge for our region, demanding innovation, investment, and cooperation

In recent years, nuclear energy has emerged as a possible alternative. There is hardly a better interlocutor on this topic in the region than Dejan Paravan, the top man of GEN Energija, the Slovenian company developing the Krško 2 nuclear power plant project.

Dušan Živković, CEO of Elektroprivreda Srbije (EPS), will tell us about the Serbian power utility’s plans when it comes to nuclear energy.

Živković: Without decarbonization, the region’s energy sector has no future

“Without decarbonization, there is no future for the region’s energy sector, and that is the biggest challenge ahead of us. It is essential to accelerate decisions and ensure sustainable project financing mechanisms that will provide energy security for every country and power utility in the decades to come. By investing in existing capacities and new renewable energy projects, EPS, as the biggest utility in the region, will make its own contribution to energy security. That’s why we have initiated a transformation process – because we need to be more profitable, more efficient, and fully prepared to tackle any challenge,” Živković pointed out.

The energy transition, in his words, is the path EPS has chosen, and all its plans will align with that goal, based on the belief that the diversification of energy sources and new technologies are essential for achieving it. “These are just some of the key messages I will share with the participants of this year’s BEF,” said Živković.

Eric Scotto, co-founder and CEO of French company Akuo, will share the latest information on the energy transition from across the globe.

The company’s portfolio consists of 1.9 GW of power plants in operation and under construction, with a further 12 GW in the pipeline in more than 20 countries around the world, including a number of countries in the Southeast Europe region.

Integration of Western Balkans electricity markets into internal European market through market coupling

  • Anže Predovnik, Director, ADEX Group
  • Ivan Asanović, Executive Director, CGES
  • Marko Bislimoski, President, Energy, Water Services and Municipal Waste Management Services Regulatory Commission of the Republic of North Macedonia
  • Zoran Vujasinović, Policy Officer, ACER

The integration of the Western Balkans’ electricity markets with the European Union (EU) markets is a process that deserves much greater public attention than it currently receives. It is safe to say that its true importance will become evident only once it is completed.

Full integration will unlock significant synergies, maximizing the benefits of a unified market by enhancing supply security, accelerating the integration of renewable energy sources, and fostering greater competition and transparency.

Moderator Dejan Stojčevski, CTO of the SEEPEX power exchange, says the panel seeks to encourage dialogue on the importance of cross-border collaboration and market efficiency in bolstering energy security and sustainability in the region.

Bislimoski: The time for inspiring speeches is over. Geopolitical developments demand action – now!

Since market integration is largely the job of regulators, the challenges they face will be analyzed by Marko Bislimoski, president of North Macedonia’s Energy and Water Services Regulatory Commission (RKE).

He says that three things are essential for the regional integration of electricity markets into a single European market: investment, investment, and nothing but investment. In his words, the energy crisis demonstrated that limitations become a reality when governments fail to prioritize the implementation of key energy infrastructure capacities in their budgets.

“This past winter, the region faced the highest electricity prices compared to the rest of Europe. Why? Because the implementation of energy investments is not just a ribbon-cutting ceremony. Today, more than ever before, the countries of the former Yugoslavia must demonstrate maturity. These are the years when energy independence will be built through action. The time for inspiring speeches is over. Geopolitical developments demand action – now!” he stressed.

Energy revolution underway – uniting efforts to deliver green, intelligent and sustainable energy solutions

  • Aleš Prešern, VP, Head of Southeast Europe, Siemens Energy
  • Maja Turković, SVP, CWP Europe
  • Ann-Catherine de Tourtier, Managing Director Mediterranean, Nordex Group

As much as contesting the energy transition may be futile, there are still those who find such a view meaningful, especially in light of certain global political developments. That’s why it is important to give the floor to some of the transition leaders and let them testify that an energy revolution is indeed underway in the region.

The panel’s moderator Mirza Kušljugić – professor, energy expert, and one of the founders of Bosnia and Herzegovina’s Centre for Sustainable Energy Transition Centre (RESET) – goes one step further to show that change is not only happening but also accelerating.

“The key words are a new energy paradigm driven by the four Ds – decarbonization, digitalization, decentralization, and democratization. But now we also have another D: disruption, or radical change in the industry and market caused by technological innovation. Of course, we must focus the discussion – from global processes (China, the US, the EU, the Global South) to where the region stands in all of this,” Kušljugić points out, providing a perfect introduction to the panel.

Turković: It’s more important than ever to have open discussions about real solutions

Aleš Prešern, Vice President and Head of Southeast Europe at Siemens Energy, has worked in the energy sector for more than 20 years. He recalls that digitalization is key, along with grid resilience and electricity transmission.

With nearly 100,000 employees in more than 90 countries, Siemens Energy develops the energy systems of the future, ensuring that the growing energy demand of the global community is met reliably and sustainably. The technologies created in the company’s research departments and factories drive the energy transition and provide the base for one sixth of the world’s electricity generation.

As a leader in renewable energy development, CWP is actively working on several large-scale projects across the SEE region with a total capacity exceeding 7 GW, positioning the company at the forefront of the region’s energy transition. Given its global expertise and insights into the regional energy market, CWP’s contribution to this year’s conference will be invaluable.

Maja Turković, Executive Vice President of CWP Europe, says that BEF 2025 is a key gathering of leading experts driving the energy transition in Southeast Europe.

“As this shift gains momentum, it’s more important than ever to have open, action-driven discussions about real solutions to the challenges and opportunities ahead,” says Turković.

PPAs as a key to renewable energy growth in SEE

  • Nikola Gazdov, Chairman, Association for production, storage and trading of electricity – APSTE
  • Natalija Ljubić, Manager PPA & BESS Transactions, Pexapark
  • Ivana Đurović, Category Manager Renewable Energy, Knauf Group

Power Purchase Agreements (PPAs) are, like flexibility, a tool for fixing the imperfections of renewable energy sources, and they are recognized as a key mechanism within the new electricity market design. They ensure price stability, attract new investment, and accelerate the decarbonization of industry.

Is the region ready for PPAs? What are the dominant models? What is the current market practice? How are PPAs viewed by financial institutions? What do they offer to end consumers and what to investors in new power plants? Answers to these questions will be sought at the panel moderated by Mislav Slade-Šilović, Energy, Utilities & Resources Consulting Leader for Southeast Europe and member of the core PPA team at consultancy PwC.

Experience with PPAs for more than 500 GWh of electricity

Slade-Šilović’s experience in concluding PPAs for the production and consumption of over 500 GWh of electricity per year in the SEE region will certainly be of help.

Nikola Gazdov, Chairman of Bulgaria’s association for electricity production, storage, and trading (APSTE) and member of the Board of Directors of the European solar industry association SolarPower Europe, has no shortage of experience either. As CEO of three companies – Enery Element GmbH, Element Power Group, and Renergy – he is involved in the development of a large number of projects.

Pexapark, a company that provides logistics to businesses in the renewable energy market, is synonymous with PPAs in Europe. Natalija Ljubić is the Manager for PPA and BESS Transactions at Pexapark, which has helped conclude contracts for facilities with a combined capacity exceeding 35 GW.

The views of electricity buyers – without whom there would be no PPAs – will be conveyed by Ivana Đurović, Category Manager for Renewable Energy at Knauf Group.

Market flexibility: the backbone of a resilient energy system

  • Roman Bernard, CEO, NGEN
  • Luka Renko, COO, KOER
  • Alteo Group representative
  • Nikolaj Candellari, Project Manager and Market Intelligence, CyberGrid
  • Marko Zarić, EMS

Moderating the panel will be Elena Boškov Kovač, co-founder and CEO of Blueprint Energy Solutions, and a leading voice on market flexibility in Europe.

She will host representatives of the sector’s leading companies: NGEN, Alteo, KOER, CyberGrid, as well as Serbia’s transmission system operator Elektromreža Srbije (EMS).

“Excited to moderate a high-impact panel on ‘Market Flexibility: The Backbone of a Resilient Energy System’ at the Belgrade Energy Forum 2025,” says Boškov Kovač, whose work has shaped smart grid strategies and digitalization innovation agendas across the EU and under ETIP SNET.

As Europe accelerates its shift to renewables, market flexibility is emerging as the cornerstone of reliable, affordable, and decarbonized energy systems. With the European flexibility market promising to unlock over EUR 20 billion in savings, this session will explore how digital tools, flexible assets, and new market designs are unlocking value and resilience across the grid.

Slovenia’s NGEN is the technology sponsor of BEF 2025

Slovenian energy company NGEN, the technology sponsor of the conference, has managed to establish itself as a significant player in European markets in just five years of operation and is now ready to enter the Western Balkans’ markets.

Specializing in premium battery storage systems and smart energy solutions, the company is developing systems with a total capacity of 1.6 GWh in European countries. Its founder, Roman Bernard, will be speaking at the panel.

Also taking part in the panel will be Luka Renko, COO of KOER, a pioneer in virtual power plants in the region.

Rounding off the lineup of exceptional panelists will be Nikolaj Candellari, who is responsible for project management at CyberGrid. The software company was acquired a few years ago by Austria’s EVN, one of the first to demonstrate that greater integration of renewable energy sources, battery storage, and prosumers is not possible without digitalization and software solutions.

In a nutshell, this innovative company stands for the digitalization of the energy sector, with a focus on virtual power plants.

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