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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

SEE power markets 8/9 split as solar deepens midday lows while Italy keeps premium

Day-ahead electricity prices across Southeast Europe diverged sharply for delivery on Tuesday, September 8, as stronger solar supply compressed daytime values while Italy and...

Slovenia appoints GEN leadership ahead of Krško 2 nuclear project decisions

New executives at GEN energija and GEN-I Slovenia has appointed new leadership at state-owned GEN energija and electricity supplier and trader GEN-I, changing management at...

European gas rally lifts Bulgaria’s regulated September discount to €41.60/MWh

European benchmark gas prices moved above €74/MWh on Tuesday, widening the spread versus Bulgaria’s regulated September price of €41.60/MWh. The move highlights differences in...

EPCG completes major works on €26m Gvozd 2 wind expansion in Montenegro

Montenegro’s state power utility EPCG has completed most work on the second of three turbine foundations at its 21 MW Gvozd 2 wind project,...

Greece approves €2.3bn programme for island grids, renewables and storage

Greece has secured approval for a €2.3 billion programme aimed at decarbonising its islands, with Athens directing more than €2 billion towards electricity interconnections,...