OMV eyes Serbia, Bulgaria for investments in renewables
OMV intends to expand its renewables business. It said Romania, Serbia, Bulgaria and Hungary have great wind and solar power potential.
Wind, solar outpace fossil fuels for first time in EU electricity mix
Wind and solar have reached a combined share of 30% of electricity generation in the EU in the first six months of 2024, according to Ember
ContourGlobal fires almost all workers from its coal plant in Bulgaria
The open market crushed the ContourGlobal Maritsa East 3 coal-fired power plant, which has been offline since February
Power utility Elektroprivreda BiH posts all-time high annual loss for 2023
A lack of coal, bad hydrology and obsolete production facilities pushed Bosnia and Herzegovina's EPBiH deep into the red in 2023
Global energy emissions, fossil fuel use hit all-time highs in 2023
Global emissions from energy increased 2% year on year in 2023, exceeding 40 gigatons of CO2 for the first time ever
Clean energy investment in 2024 to hit USD 2 trillion, nearly double compared to fossil fuels
Clean energy investment is setting new records even in challenging economic conditions, says IEA chief Fatih Birol
EU officially withdraws from Energy Charter Treaty
The EU is quitting the Energy Charter Treaty, but member states can remain as contracting parties and support its modernization
Lignite power plants are pushed out of market in Balkans
PPC's brand new Ptolemaida 5 lignite plant was effectively pushed out of the market in May as uncompetitive