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Oil prices fall amid continued economic growth concerns

Date: 03.02.2023 Author: Robin Newbold, Montel
Oil prices fall amid continued economic growth concernsPhoto: Montel

Oil prices were falling on Friday amid economic growth concerns, with yesterday’s upside momentum fading.

FBiH cuts renewables subsidies by 70% in 2023

Date: 02.02.2023 Author: Maja Žuvela
FBiH cuts renewables subsidies by 70% in 2023Photo: Montel

Bosnia and Herzegovina’s Federation entity (FBiH) will reduce incentives for renewable energy producers in 2023 by over 70% to EUR 3.74m, the energy ministry told Montel on Thursday.

OMV sees German gas prices at EUR 60-70/MWh in 2023

Date: 02.02.2023 Author: Christian Driessen, Montel
OMV sees German gas prices at EUR 60-70/MWh in 2023Photo: Martina Budal

Austrian energy company OMV expects German gas prices to average between EUR 60-70/MWh this year, around half the average of EUR 122/MWh last year when prices spiked in the wake of Russia’s invasion

Uniper flags lower than expected loss as gas price falls

Date: 01.02.2023 Author: Julia Demirdag, Montel
Uniper flags lower than expected loss as gas price fallsPhoto: © European Communities, 2009

German utility Uniper has flagged up a lower than expected loss for full-year 2022 – EUR 19.1bn – due to falling gas prices, it said on Wednesday.

BiH’s Etmax wins concession for largest solar park in W. Balkans

Date: 01.02.2023 Author: Maja Žuvela
BiH’s Etmax wins concession for largest solar park in W. BalkansPhoto: Montel

Renewable energy developer Etmax has won a 50-year concession to build a 500 MW solar park in the south-eastern municipality of Nevesinje, the company confirmed to Montel on Wednesday.

EPBiH issues new call for purchase, lease of land for solar farms

Date: 01.02.2023 Author: Maja Žuvela
EPBiH issues new call for purchase, lease of land for solar farmsPhoto: Montel

Bosnia and Herzegovina's (BiH) largest power utility EPBiH issued a public call on 30 January for municipalities, legal entities and individuals willing to sell or lease land for the construction of

N. Macedonia to delay launch of trading platform until Q2 2023

Date: 01.02.2023 Author: Montel
N. Macedonia to delay launch of trading platform until Q2 2023Photo: Roman Peklaj

North Macedonia is expected to set up its trading platform in Q2 2023 and not in Q1 as previously announced, according to Simon Shutinovski, the CEO of the Macedonian market operator Memo.

Elicio Wind plans to add up to 60 MW of wind capacity in Serbia

Date: 01.02.2023 Author: Maja Žuvela
Elicio Wind plans to add up to 60 MW of wind capacity in SerbiaPhoto: Interenergo

Belgian renewables developer Elicio Wind plans to expand its portfolio in Serbia by adding up to 60 MW of wind capacity, according to a detailed regulatory plan released by the northern town of

EC proposes easier access to state aid for clean tech

Date: 01.02.2023 Author: Siobhan Hall, Montel
EC proposes easier access to state aid for clean techPhoto: www.pixabay.com

The European Commission has proposed making it temporarily easier for renewable energy and industrial decarbonisation projects to access state aid.

Montenegro to launch day-ahead market on 26 April

Date: 01.02.2023 Author: Maja Žuvela
Montenegro to launch day-ahead market on 26 AprilPhoto: Roman Peklaj

The Montenegrin spot power exchange Mepx will go live on 26 April, its chief operating officer Dejan Draskovic told Montel in a telephone interview on Wednesday.

Macedonian power utility has 1.7 GW of projects in pipeline – CEO

Date: 01.02.2023 Author: Montel
Macedonian power utility has 1.7 GW of projects in pipeline – CEOPhoto: Montel

North Macedonia’s power utility ESM will add more than 1.7 GW of new capacity to the country’s energy portfolio over the next two decades, its CEO Vasko Kovacevski told a conference in Skopje on

Oil firms as Opec+ seen keeping output policy unchanged

Date: 01.02.2023 Author: Montel
Oil firms as Opec+ seen keeping output policy unchangedPhoto: Victor Habbick via FreeDigitalPhotos

Oil prices edged higher on Wednesday amid market expectations that Opec and its Russia-led allies will keep their production policy unchanged despite a rebound in demand from China.



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