Recurring evening electricity price peaks strengthened the commercial case for flexible generation, demand response and storage across Southeast Europe. The available weekly data do not establish project returns.
North Macedonia’s day-ahead market traded 186,900 MWh in October, while its average market-clearing price rose 49.3% from September to EUR 224.74/MWh. Tighter regional conditions lifted wholesale power costs across Southeast Europe.
INA’s completed upgrade at its Rijeka refinery increases diesel yield and crude flexibility. The project could strengthen fuel supply and refinery economics across nearby Adriatic markets.
Bosnia and Herzegovina’s ERS selected an El Promet-led consortium to build and finance the Hrgud wind farm under a fully financed 81.9 million euros offer. The utility chose it despite a rival construction bid that was 300,000 euros lower.
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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.