Region
Huge Response to Projects for Standalone Energy Storage in Bulgaria
During this year, Bulgaria announced a call for grants for standalone energy storage units. The Bulgarian Ministry of Energy then prepared over 580 million euros in grants for these projects. The proposals received for the RESTORE program, initiated by the…
ADEX Group Acquires HUPX – A New Era in Regional Electricity Trading
The first regional energy exchange for Central and Southeast Europe, ADEX Group, has announced the successful acquisition of the Hungarian Power Exchange (HUPX), laying a solid foundation for enhancing liquidity, integration, and transparency in the electricity market in Central and…
Forests vs. Coal – What Are Montenegro’s Climate Challenges?
The recent Country Climate and Development Report – Montenegro, published by the World Bank, examines the country’s path toward achieving climate goals, emphasizing the need for strategic investments and the implementation of effective policies. Like other Western Balkan countries, Montenegro…
Supporting Bulgaria’s Renewable Energy Transition
The European Bank for Reconstruction and Development (EBRD) is lending up to 50 million euros to Tenevo Solar Technologies EAD to build and operate a fully merchant solar photo-voltaic plant in southeastern Bulgaria. The Tenevo plant is expected to generate…
Strengthening Energy Ties – Romanian Section of the Power Line to Serbia Commissioned
At the beginning of the year, a meeting was held in Athens between the energy ministers of Romania and Serbia to discuss opportunities for enhancing cooperation in the energy sector. The discussions emphasized the importance of regional connectivity in the…
Montenegro – Construction of the “Gvozd” Wind Farm Begins
The construction of the “Gvozd” wind farm has officially started in Montenegro, marking the first major production facility that Elektroprivreda Crne Gore (EPCG) is building after more than 40 years. The project, initiated in 2019, is valued at 82 million…
EBRD Supports Croatia’s Largest Solar Power Plant Operated by Hrvatska Elektroprivreda
For the construction and future operation of the “Korlat” solar power plant in Croatia, the European Bank for Reconstruction and Development (EBRD) has approved a loan of up to 31.6 million euros to Hrvatska Elektroprivreda d.d. (HEP). The planned solar…