Because of the expansion of renewable energy production capacity and lower prices, Enefit Green decided to focus on its core markets and sell some non-strategic development projects.
The Romanian Ministry of Energy has picked up the slack on stalled hydropower developments and plans to inaugurate the first facility in over 34 years.
Azerbaijan is increasing its gas production, which gives more potential to send higher amounts of gas to Europe, but more investment is needed on the European side, said President Ilham Aliyev.
The Romanian gas company Romgaz is entering the supply market and expanding its activities to provide energy to both residential and commercial customers.
The Supervisory Board of MAVIR, Hungarian electricity transmission operator (TSO) appointed Ferenc Szarvas as Chief Executive Officer of the company as of 1 January 2025 and elected him as a member of the Board of Directors.
EBRD announced to provide a 65 million dollars (63 million euros) loan to Türkiye’s Polat Enerji to finance the development and construction of a 77 megawatt (MW) hybrid solar and wind power facility.
The Polish energy companysigned 900 million złotys (211 million euros) agreement with the European Investment Bank (EIB) to fund its strategic investment programme to modernise its electricity distribution network and increase the capacity for connecting renewable energy sources.
The Hungarian government published a call for tender to support the digital transformation of electricity distributors . The facility will support the companies with 26.5 billion forints (63.8 million euros) to facilitate the integration of renewables.