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Romania: OMV Petrom’s net profit reached 281 million euros in Q1

Romanian oil and gas company OMV Petrom reported a 1.399 billion lei (281.2 million euro) net profit for the first quarter of 2024, which...

Montenegro: Pljevlja coalmine recorded 1.1 million euros profit in first six months

According to the financial report, Montenegrin coalmine Pljevlja recorded a net profit of 1.13 million euros in the first half of 2023, significantly higher compared to...

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EU proposal could transform green certificate and CBAM electricity trade in Western Balkans

A European Commission proposal to recognise renewable Guarantees of Origin from Energy Community countries could increase the commercial value of Western Balkan renewable electricity,...

EPS opens renewable M&A channel for Serbian wind, solar and hybrid projects

Serbia’s state-owned power utility EPS has opened a formal channel to acquire or partner with privately developed renewable energy projects of at least 50...

EU moves to open green certificate market to Western Balkan renewable generators

The European Commission has proposed mutual recognition of renewable Guarantees of Origin (GOs) between the European Union and the Energy Community, a move that...

World Bank-backed €50 million programme targets district heating in Pljevlja

Pljevlja transition programme and heating measures Montenegro is preparing an approximately €50 million World Bank-backed investment programme for Pljevlja. The effort targets district heating, cleaner...

Romania delays Cernavodă restart amid Danube drought, extending nuclear outage

Romania is unlikely to restart either reactor at the Cernavodă nuclear plant for at least another 10 days, pushing recovery beyond mid-September. The delay...