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Romania: Transelectrica reports €52.8 million net profit for H1 2024, sees revenue growth and increased operating costs

Romanian electricity transmission system operator Transelectrica recorded a net profit of €52.8 million in the first half of 2024, marking a substantial 63% increase...

Greece: All four Ariadne Interconnector bidders qualified for the second round

All four bidders for the purchase of a 20% stake in Ariadne Interconnector have qualified for the second binding round following the Greek Regulatory...

Hungary: 155 million euros for energy storage subsidies

Hungarian Government plans to launch in June a 155 million euros subsidy scheme for investments in energy storage, according to the Ministry of Energy....

Greece, Ministry of Energy is planning to set up deadlines for renewable energy projects

Greek Ministry of Energy is planning to set up deadlines for renewable energy projects which have obtained connection permits from the transmission system operator...

Hungary: Gas-fired power plant Dunamenti, operated by MET Group, has launched an electrode boiler power-to-heat project

As the share of weather-dependent renewable energy generation increases in Hungary’s energy mix, temporary overproduction adds additional constraints to the electricity network, requiring network...

Hungary, MEKH approved MAVIR’s electricity transmission network upgrade plan

The Hungarian Energy and Public Utilities Regulatory Office (MEKH) has approved the 1.04 billion euros worth plan for the upgrade of the national electricity...

Latest news

Slovenia net generation down 13% in August as imports increase

Slovenia’s net electricity generation fell 13% year on year in August to 919 GWh. Production was also 7% lower than in July. The month’s...

Serbia launches $600 million gas network modernisation with World Bank support

Serbia has secured a $600 million World Bank framework for a gas-system overhaul. The programme is planned as a decade-long modernisation of Serbia’s gas...

Bulgargaz obtains 10-year wholesale gas licence for Serbia

Bulgargaz, the Bulgarian state-owned gas supplier, has secured a 10-year wholesale gas licence in Serbia. The permit authorises the company to conduct commercial gas...

North Macedonia generation drops 22% in July as renewables rise

North Macedonia’s gross electricity generation declined 22.3% year on year to 460,035 MWh in July, even as hydro and wind output increased. The month’s...

MVM begins foundations for 1 GW combined-cycle plant at Tiszaujvaros

Hungarian state-owned utility MVM has started foundation work on a new 1,000 MW combined-cycle gas-fired power plant at the former Tisza II site in...