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Greece: Electricity suppliers’ windfall earnings reached 250 million euros

The latest data collected by authorities to determine windfall earnings gained by electricity suppliers between August 2022 and the end of 2023, the period...

Romania exported up to 800 MW of electricity to Ukraine last week

Romania exported electricity at an average rate of 400-500 MW last week, with peak rates of 800 MW during the evening peak, under the...

Montenegro: CGES recorded profit of 35.7 million euros

Montenegro’s Electric Transmission System (CGES) achieved an unprecedented profit of €35.7 million last year, as announced by Aleksandar Mijušković, the Chairman of the Board...

Romania: Transelectrica gets 56.2 million euros for investments in PV plants and energy storage

Romanian transmission network operator Transelectrica signed a financing contract worth EUR 56.2 million under the National Resilience Plan (NRRP), according to a report published...

Greece: US state fund DFC is considering to invest in Greece-Cyprus-Israel interconnection

US state fund DFC is interested in becoming a stakeholder in the Great Sea Interconnector, planned to link the power grids of Greece, Cyprus...

Greece: Crete-Athens interconnection to be launched in 2025

Development of an electrical grid interconnection to link the Cretan and Athenian systems is expected to be completed a year from now, while the...

Latest news

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...