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.
Bosnia and Herzegovina’s Southern Interconnection is held up by disputed state property and disagreements over project implementation. While a former BH-Gas director says completion before 2030 looks unlikely, EU-backed efficiency financing is moving through a local bank.
ELES’s proposal to end some network-charge exemptions from 2027 puts tariff treatment and project economics in focus for battery and pumped-storage developers. The dispute is an early warning for the wider southeastern European storage market.
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The revised financial projection for 2024, including a 14.2% downward revision of the net profit notified by the management of Hidroelectrica to shareholders, sent...
Power and gas utility group Premier Energy announced that the Romanian Financial Supervisory Authority approved its planned Bucharest Stock Exchange IPO that thus kicks...
Romanian independent petroleum products distribution firm JT Grup Oil confirmed the initial public offering of 10 million new shares with a face value of...
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.