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Energo follows key project, policy and investment in the power sector across the FSU and CEE. This has included extensive coverage of the Czech Republic and Lithuania’s efforts to build new nuclear reactors, changing renewables policies in Poland and Romania and the privatisation and modernisation of Russia’s power sector.
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Novatek to use domestic gas turbines at Arctic LNG-2
Russia’s Novatek plans to use domestically-produced gas turbines to power the Arctic LNG-2 terminal, following the failure of a Chinese supplier to provide the units on time.
Premier Energy’s IPO in Bucharest heavily oversubscribed by retail investors
Retail investors placed orders for 47mn shares of Premier Energy, during the first three days of the one-week IPO carried out by the natural gas and electricity utility company; more than six times the 7.5mn package initially earmarked
Ukraine facing funding shortage to repair power grid before winter
Foreign financial aid to Ukraine saw a sharp decline to $1.7bn in April, complicating the urgent need to restore its power grid amid Russian attacks.
WBIF grants Albania €2.6mn for floating PV plant
The Western Balkans Investment Framework (WBIF), as the EU's regional arm, has granted €2.6mn for Albania to develop a 12.9-MW floating solar photovoltaic power plant at the Vau i Dejes hydropower plant reservoir in north-western Albania.
Ukraine restricts electricity to business amid power crisis
Ukraine has announced increased restrictions on energy usage for businesses and industries as the country grapples with a significant shortage of electricity amid Russian strikes.
Serbia inks €2.7bn energy deals with Chinese firms
Serbian Minister of Mining and Energy Dubravka Djedovic Handanovic announced on May 9 that two major deals, with a total value of around €2.7bn, were signed during Chinese President Xi Jinping’s visit to Serbia earlier this week.
Austria’s Energie AG acquires 29.4% stake in Slovenian renewable energy firm AAE Gamit
Austria's energy company Energie AG announced that it acquired 29.4% stake in AAE Gamit, a prominent wind and photovoltaic developer in Slovenia.
UK to build uranium enrichment plant to break Russian monopoly
The United Kingdom will attempt to break Russia's virtual monopoly no the production of enriched uranium used to power nuclear plants by building its own enrichment plant.
Russia attacks three thermal power plants in Ukraine, inflicting severe damage
Russia launched a devastating assault on three thermal power plants owned by Ukraine's leading private energy company, DTEK, overnight on 7-8 May, causing significant destruction.
Hidroelectrica gets environmental permit for 17ha floating PV park
Hidroelectrica (BVB: H2O) announced that it received the environmental permit for the first floating PV park in Romania, a 17ha installation to be placed on its accumulation lake of Ipotesti hydropower plant on the Olt river.
Construction set to begin on Mali Log wind farm in Slovenia
Dravske Elektrarne Maribor, a subsidiary of Slovenia's HSE state-owned energy group, announced the signing of just under €2.5mn contract with Hmezad TMT for the construction of a wind turbine in Mali Log.
Russia hits Ukrainian power facilities in six regions with intense missile attack, imports from EU won't cover winter demand
Russian forces launched an intense missile attack on Ukraine's energy infrastructure in six regions on May 8. Half of Ukraine’s power facilities are now out of action to the point where European imports won't cover this winter's demand.
Retail investors cautious on first day of Premier Energy's Bucharest IPO
The orders placed by the retail investors during the first day of the one-week IPO operated by natural gas and electricity utility company Premier Energy at Bucharest Exchange summed up to 1.36mn shares out of a total of 6.25mn shares earmarked.
Azerbaijan, Kazakhstan and Uzbekistan join forces to power Europe
The energy component of the Trans-Caspian and Middle Corridors are expanding, not only through oil and gas but also through green energy. Azerbaijan, Kazakhstan and Uzbekistan have joined forces to supply Europe with power.
Turkey’s Yıldırım launches construction of 150 MW solar farm in Kosovo
Turkish energy company Yıldırım Energy launched the construction of its 150 MW solar farm in Kosovo, an investment of €43mn.
Premier Energy seeks to raise over €135mn with Bucharest IPO
Power and gas utility group Premier Energy's IPO kicks off on May 8, raising funds for its expansion into renewables in Romania and Moldova.
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