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Low Renewable Generation and Transmission Constraints Drive Lithuanian Power Price Surge
Cool and overcast weather last week increased electricity consumption and led to low solar power generation. Calm weather on Sunday evening and this morning caused electricity price spikes. Due to maintenance work at the Kruonis transformer substation, electricity trading between the Baltic States and the Nordic countries has been restricted until October 30. Between October 13–19, the average weekly wholesale electricity…
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METLEN inks 10-year 235 MW solar PPA with ENGIE
METLEN announces the signing of a 10-year Power Purchase Agreement (PPA) with ENGIE, a leading energy transition utility. Under the PPA, METLEN will supply solar generated power from six sites located in the United Kingdom. The power capacity of the solar portfolio, covered in the agreement, totals 235 MW, providing ENGIE with over 233 GWh of clean electricity annually. These volumes will…
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EU Council Adopts Historic REPowerEU Regulation to Phase Out Russian Gas
In recent years, the European Union has made decisive progress toward ending its dependence on Russian energy. On 6 May 2025, the European Commission unveiled a comprehensive roadmap outlining plans to completely phase out Russian gas, oil, and nuclear imports while safeguarding energy supply stability. This was followed by a formal proposal on 17 June…
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EBRD backs Croatia’s first grid-scale battery storage and virtual power plant
The European Bank for Reconstruction and Development (EBRD) is providing a direct equity investment of up to €16.8 million in IE‑Energy Projekt, a newly established joint‑stock company developing a greenfield battery energy storage system (BESS) and virtual power plant (VPP) in Šibenik, Croatia. EBRD’s investment is approved under the EBRD Direct Finance Framework non-SME. The Project also envisages…
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Cybersecurity challenges for the renewable energy sector
Author: Davide Barbieri, PhD As renewable energy becomes the backbone of global decarbonisation, the sector faces a rapidly growing but often underestimated risk: cyberthreats. Solar farms, wind turbines, and energy storage systems are now deeply digitalized and connected, and this connectivity, while enabling efficiency and smart management, also exposes critical vulnerabilities. Digital Risk The renewable…
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Renalfa IPP Completes Repowering of Kaolinovo Solar Park in Bulgaria
Renalfa IPP has completed the repowering of its Kaolinovo photovoltaic (PV) park in Northeast Bulgaria, which is now fully operational. Originally commissioned in 2012 with a capacity of 10 MWp, the Kaolinovo project has been expanded to an installed capacity of 33 MWp and now includes a co-located battery energy storage system (BESS) with 33 MW/110 MWh capacity. The project’s EPC…
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UK Government Unveils Plan to Create 400,000 Clean Energy Jobs by 2030
The UK government has announced a major initiative to boost the clean energy workforce, aiming to create 400,000 new jobs by 2030. The move is part of a broader strategy to double employment in renewable energy—across wind, solar, and nuclear—from 430,000 to 860,000 within five years. Plumbers, electricians, and welders are among 31 key roles…
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Powering the Blue and the Green: How Greece Is Aligning Energy and Maritime Decarbonisation
Greece has long been synonymous with shipping. Greek shipowners control the largest merchant fleet in the world, with around 5,700 vessels — representing 20% of global tonnage and 61% of the EU fleet. Dominant in tankers and LNG carriers, and a major player in bulk and container shipping, the Greek maritime sector generates an estimated $40…
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Greek PPC 5NC2 green SUN final terms: €775m at 4.25%
Public Power Corporation S.A. (PPC), Greece’s largest electricity supplier, has recently issued a €775 million green bond under the “5NC2 Green SUN” structure, marking a significant step in its sustainable finance strategy. The bond carries a fixed annual coupon of 4.25% and is set to mature in 2030. This issuance primarily aims to refinance PPC’s…
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Decarbonising Lithuanian Industry: Policy, Projects & Players
Lithuania is making strong strides toward decarbonising its industry through a combination of ambitious policy, green‑investment projects, growing cleantech capacity, and evolving regulatory frameworks. Key sectors — energy, transport, heavy manufacturing — are at the centre of the transition, supported by public funding, EU programmes, and private sector innovation. Key Policies & Legal / Regulatory…
