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Russia relaxes restrictions on foreign currency payments for gas

Date: 06.12.2024 Author: Richard Sverrisson, Montel
Russia relaxes restrictions on foreign currency payments for gasPhoto: TAP AG

Russia has relaxed rules on the use of foreign currency to pay for its natural gas via Gazprombank, the country's presidency announced late on Thursday.

Bulgarian 500 MW offshore wind aim “unachievable” by 2030

Date: 05.12.2024 Author: Dalibor Dobrić
Bulgarian 500 MW offshore wind aim “unachievable” by 2030Photo: DOTI 2009

Bulgaria’s ambition to install 500 MW of offshore wind by 2030 is “completely unachievable” due to political chaos and a lack of infrastructure, a senior analyst from Veyt told Montel on

Romanian political uncertainty may threaten green growth

Date: 05.12.2024 Author: Montel
Romanian political uncertainty may threaten green growthPhoto: Energija Projekt

Political uncertainty in Romania amid parliamentary and presidential elections have created investment jitters within the energy sector, which could slow down the country’s green transition, market

Lack of coal stops Bosnia and Herzegovina 300 MW power plant

Date: 04.12.2024 Author: Maja Žuvela
Lack of coal stops Bosnia and Herzegovina 300 MW power plantPhoto: www.riteugljevik.com

The 300 MW Ugljevik coal-fired power plant in Bosnia and Herzegovina (BiH) was taken offline on 30 November for an indefinite timeframe, the plant’s operator Rite Ugljevik said on Wednesday.

SEE POWER – Hungarian curve plunges amid rising supply

Date: 04.12.2024 Author: Montel
SEE POWER – Hungarian curve plunges amid rising supplyPhoto: Roman Peklaj

Electricity prices in southeast Europe slumped over the last week amid higher hydropower output, improving lignite-fired unit availability and lower demand on the back of milder weather and public

Renewables growth boosts Bulgarian intraday power trading

Date: 03.12.2024 Author: Montel
Renewables growth boosts Bulgarian intraday power tradingPhoto: Roman Peklaj

Bulgaria’s intraday power trading volumes have surged thanks to a growing capacity of intermittent renewable energy, traders told Montel.

Europe’s solar power boom slows amid negative prices – lobby

Date: 03.12.2024 Author: Enza Tedesco, Montel
Europe’s solar power boom slows amid negative prices – lobbyPhoto: Woodburn Capital

Europe’s recent boom in solar installations will slow as flagging profits due to negative prices and sluggish electrification efforts dent investment in new projects, the sector’s main lobby has

Romania’s tax repeal to boost storage usage – developer

Date: 03.12.2024 Author: Maja Žuvela
Romania’s tax repeal to boost storage usage – developerPhoto: Mercados – Aries International

The Romanian government’s decision to eliminate double taxation on energy storage facilities is expected to boost their uptake and help integrate more renewables into the market, a local developer

Kosovo urged to secure energy infrastructure after attack

Date: 02.12.2024 Author: Montel
Kosovo urged to secure energy infrastructure after attackPhoto: Montel

Kosovo needs to expedite the construction of a new reservoir and bolster security around its critical infrastructure as tensions continue to simmer in the northern region, energy expert Arben Gjukaj

Slovenian prosumer solar may drop 80% in 2025 – expert

Date: 02.12.2024 Author: Valerija Hozjan
Slovenian prosumer solar may drop 80% in 2025 – expertPhoto: pixabay.com

Prosumer solar installations in Slovenia could drop by 80% next year when the benefits of the current net metering scheme end and a new network fee is introduced, says the director of the Slovenian

Hungary plans 0.5 GW power storage to curb price spikes

Date: 02.12.2024 Author: Marcin Czekanski, Montel
Hungary plans 0.5 GW power storage to curb price spikesPhoto: Mercados – Aries International

Hungary seeks to add 500 MW battery storage by mid-2026 to help curtail power price spikes during peak hours, the country's energy minister said on Monday.

PPAs key for green targets in non-EU eastern Europe – panel

Date: 28.11.2024 Author: Maja Žuvela
PPAs key for green targets in non-EU eastern Europe – panelPhoto: Energija Projekt

Power purchase agreements (PPAs) will be pivotal in helping EU-aspirant eastern European countries achieve their 2030 green targets, a conference in Slovenian capital Ljubljana heard late on

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