Croatia had about 220 hours of negative electricity prices in the first half of 2026 as renewable generation expands. AdriaFlex is seeking partners for a 170 MW standalone battery portfolio, while wpd plans to pair a repowered wind farm with storage.
BESS Sibenik, a 60 MW / 120 MWh standalone battery in Croatia, has been commissioned, with HOPS contracting its full capacity for aFRR services since September. The project cost approximately 60 million euros and is designed to earn market-based revenue from storage and ancillary services.
Battery operators across Southeast Europe are increasingly buying solar-heavy midday electricity to sell later, with Bulgaria leading the trend. Serbia has begun recording negative day-ahead prices, creating a potential but variable source of low-cost power for storage.
Serbia’s crude supply chain remains dependent on temporary sanctions authorisations, with the operating window for NIS and corresponding JANAF activities extended to 11 December 2026. Uncertainty persists over MOL’s proposed acquisition of the Russian majority stake in NIS.
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BHP has issued termination notices for its Central Timok and Borsko exploration options in eastern Serbia, returning eight licences to Mundoro Capital when the notices take effect. The miner retains separate Trstenik and South Timok agreements, while Mundoro seeks partners to fund drilling on the returned licences.
Centerra Gold has agreed to buy 12.374 million newly issued Mundoro Capital shares for approximately C$4.08 million (€2.60 million), in a proposed placement that would give it a 9.9% stake. The funding would support Mundoro’s exploration and working capital as it seeks partners for projects in Serbia, but the deal has not closed.
Northstone Resources secured commitments for a share placement worth about EUR1.45 million to fund exploration at its Tlamino gold-silver and Timok East copper-gold projects in Serbia. The financing will support drilling and technical studies, not mine construction.
European Energy is evaluating a renewable-energy complex in Bulgaria’s Dobrich region, centred on a wind project of up to 1 GW. The concept also includes solar generation, battery storage and infrastructure for industrial users.
Croatian oil-pipeline operator JANAF halted crude transport on part of the Sisak-Slavonski Brod route after pipeline equipment was damaged near Prvca. The spill is estimated at 500 cubic metres.