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profit drop

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Bulgaria: TPP Bobov Dol reports 87% drop in profit for H1 2024

In the first half of 2024, the Bulgarian thermal power plant Bobov Dol reported a net profit of approximately €380,000, a significant decrease from...

Hungary: MOL’s net profit dropped by 74% in Q2

Hungarian MOL Group recorded an earning before interest, taxes, depreciation and amortization (EBITDA) of 1.125 billion dollars in the first half of 2023. In Q2, EBITDA...

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SEE power prices jump as weekday demand returns, Serbia tops €300/MWh

Southeast European day-ahead electricity prices surged on Monday, October 19, as the return of weekday demand, weaker renewable generation forecasts and continued reliance on...

Greece unveils €200 million battery storage scheme as project pipeline grows

Greece is preparing a €200 million battery-storage support programme as the country seeks to accelerate the deployment of standalone batteries and renewable-linked storage. The...

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...