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net profit drop

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Romania: Hidroelectrica reports 35% drop in net profit for 2024 amid challenging hydrological conditions

Romanian electricity producer Hidroelectrica announced a net profit of 824 million euros for 2024, marking a 35% decline compared to the previous year. The...

Romania: Electrica Group reports 38% drop in profit amid supply segment losses and market challenges

Electrica Group reported a net profit of €61.6 million for the first nine months of 2024, a 38% decrease compared to the €100 million...

Romania: Hidroelectrica reports 32% drop in net profit for first nine months of 2024

Romanian electricity producer Hidroelectrica recorded a 32% year-on-year decrease in its net profit, which amounted to €710 million for the first nine months of...

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Serbia drives Southeast European power price decline as renewables narrow regional spreads

Southeast European day-ahead electricity prices fell sharply for Wednesday delivery, as stronger wind and solar generation, improved domestic output and lower import requirements eased...

Bulgaria launches 300 MWh Tesla battery project as energy storage expansion gains momentum

Bulgaria has begun construction of a 300 MWh battery energy-storage facility in Tvarditsa, marking the first stage of a broader investment programme worth more...

Bosnia and Herzegovina: ERS secures new loans as Ugljevik shutdown intensifies financial strain

Bosnia and Herzegovina’s state-owned power utility ERS has secured another €2 million in short-term financing, bringing the total amount of new borrowing arranged within...

Serbia readies €153 million gas interconnector with North Macedonia

Serbia is preparing construction of a new natural-gas interconnector with North Macedonia, adding another southern import route for gas entering Southeast Europe via Greece....

EPCG submits environmental assessment for 37.6 MW Kapino Polje B2 solar plant

Montenegro’s state-owned power utility EPCG has submitted an environmental-impact assessment for its planned 37.6 MW Kapino Polje B2 solar power plant near Nikšić, advancing...