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Hungary: Day-ahead prices fell below 100 euros/MWh in week 25

A heat wave in late June caused Hungarian day-ahead power prices to rise beyond 224 euros/MWh; however, they swiftly declined, falling below 100 euros/MWh in the...

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Djerdap 3 pumped-storage: Bechtel-Enka qualifies as Serbia prepares planning

Serbia has advanced work on the proposed Djerdap 3 pumped-storage hydropower project, with a Bechtel-Enka consortium qualifying for the next stage of government negotiations....

Romania extends 25% diesel excise reduction until Oct. 31

Romania will keep a 25% reduction in diesel excise duty until Oct. 31, extending temporary relief for transport operators and other businesses. The decision...

R.Power completes 55-MW Lazuri solar plant in Romania; grid link by end-2026

Polish renewable-energy developer R.Power has finished construction of the 55-MW Lazuri solar plant in Romania’s Satu Mare county. Grid connection is expected before the...

Transelectrica to invest over €2.25bn in Romania grid upgrades through 2035

Romanian transmission system operator Transelectrica plans to invest more than €2.25 billion between 2026 and 2035 as part of a ten-year grid programme. The...

US extends Lukoil Bulgaria sanctions exemptions to April 2027

OFAC general licences extend operating room for Bulgarian assets The United States has extended sanctions exemptions covering Lukoil’s Bulgarian businesses until April 24, 2027. The...