OKTA’s net profit rose to 34.1 million euros in the first nine months of 2026 from 7.3 million euros a year earlier, while revenue increased 105% to 953 million euros. Expenses also climbed, rising 101% to approximately 891 million euros.
Recurring evening electricity price peaks strengthened the commercial case for flexible generation, demand response and storage across Southeast Europe. The available weekly data do not establish project returns.
EU carbon-border rules could affect the prices and revenues available to renewable projects in Serbia, Montenegro and the wider Western Balkans. Lenders may need to distinguish between domestic sales, exports under default emissions treatment and exports meeting actual-emissions evidence requirements.
Low-carbon electricity from Western Balkan renewable projects will not automatically qualify for actual-emissions treatment under the EU’s CBAM. The Energy Community Secretariat modelled €8.9 million in opportunity costs for a 130 MW wind project over six months if it had to sell locally instead of accessing higher-priced EU markets.
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Romania is expanding Black Sea gas production while adding utility-scale solar and battery storage. Neptun Deep could nearly double domestic gas output and create export capacity for neighbouring markets.
OMV Petrom's Petrobrazi refinery in Romania operated above 98% utilisation in the first nine months of 2026 and at 100% in the third quarter. High throughput supports Romanian fuel supply and positions the refinery to benefit from strong product margins.
OMV Petrom and Renovatio have commissioned three solar plants in Romania with combined capacity of 130 MW. The projects at Tandarei, Bucovat and Cazanesti...
Third-quarter refining margin and refinery operating levels
OMV Petrom reported a sharp increase in its third-quarter indicator refining margin, with the refining benchmark reaching $41.75...
OMV Petrom has completed a €115 million modernisation of the electrical infrastructure at its Petrobrazi refinery in Romania. The project is designed to prepare...
OMV Petrom plans to add a 20-MW/40-MWh battery to its Ișalnița solar project in Romania, converting the development into a hybrid renewable generation and...
Southeast Europe faces a growing power-system flexibility shortage as grids, storage and dispatchable capacity lag behind project growth and rising volatility. Country-level pressures range from heavy imports in Serbia to negative prices in Croatia and faster battery deployment in Bulgaria.
Kosovo enters its highest-demand months with the 260 MW B1 unit still unavailable, increasing reliance on electricity imports. The operator has not set a return date as regional prices and interconnector availability remain key variables.
Austria's Verbund has signed a power-purchase agreement for the first project selected in Albania's first wind auction to reach construction readiness. Commercial operation is targeted for the first quarter of 2028.
Bulgaria’s operating battery fleet was reported at 6.23 GW by late October, while EBRD and Raiffeisen are financing a new 246 MW battery at Tenevo. The reported fleet and energy-flow figures require verification against underlying data.
Buyers took 34,000 of 35,000 wind guarantees of origin offered in North Macedonia’s first auction. The sale adds a price-discovery mechanism to the country’s existing administrative framework.