Gas power plants sweep up Germany’s first capacity auction as battery storage can’t meet criteria yet
Germany awarded all 5.16 GW in its inaugural capacity auction to gas-fired power plant projects, and published another call. Battery storage is effectively ineligible until the second phase.
European power prices hit four-year highs amid gas price surge, weak wind
Average day-ahead electricity prices have surpassed EUR 400 per MWh in several countries in CEE, while the peaks have lately been the highest since the 2022 energy crisis
Bayraktar presents Turkey’s electrification-focused 2040 energy vision in runup to COP31
Ahead of the start of the UN Climate Change Conference in Antalya, Minister of Energy and Natural Resources Alparslan Bayraktar of Turkey unveiled the National Energy 2040 plan
EU and Energy Community ministerial meeting: Regional cooperation on energy security urgently needed
The Central and South-East European Energy Connectivity (CESEC) High-level group held a meeting in Zagreb
704 MW offshore wind farm in US reaches full operation despite Trump’s obstruction
The Revolution Wind offshore wind farm, developed by Ørsted and Skyborn Renewables, is selling electricity under offtake agreements with three US utilities
MOL Group indicates progress in takeover of Serbian rival NIS
The US has issued a license to MOL Group, headquartered in Hungary, for preparatory transactions for acquiring Gazprom-owned Serbian oil refiner and distributor NIS
US extends license for talks on MOL’s takeover of NIS
The US Treasury Department issued licenses to Hungarian MOL to continue talks on the acquisition of NIS, and to the Serbian company to continue operating
Jørgensen: Winter to be difficult for EU citizens, economy
European Commissioner for Energy and Housing Dan Jørgensen warned of another energy crisis and a difficult winter ahead for citizens and the economy of the EU
