Western Balkans

/LONDON, December 22, 2025, 10:00 GMT, RENEWABLE MARKET WATCH™/ The European Bank for Reconstruction and Development (EBRD) is set to provide a significant sovereign-guaranteed loan amounting to €37 million to Elektrani na Severna Makedonija (ESM), which is North Macedonia’s state-owned electricity generation utility. This crucial funding will support the ambitious development, construction, and operational rollout […]

/ATHENS, GREECE, November 3, 2025, 10:00 CET, RENEWABLE MARKET WATCH™/ Mantasia Energy has received approval from the Greek Ministry of Energy and Mineral Resources to double the green hydrogen production capacity at its flagship hybrid renewable project near Kara Hassan (Mantasia), Domokos. The permitted upgrade increases the electrolyser unit from 50 MW to 100 MW, […]

/TIRANA, ALBANIA, October 30, 2025, 9:00 CET, RENEWABLE MARKET WATCH™/ The Albanian Energy Regulatory Authority’s (ERE) data show that in the first eight months of this year, Albania added two solar photovoltaic power plants totaling 150 MW and a hydropower plant totaling 48.9 MW to its transmission grid. The country hosts Karavasta, the region’s largest […]

/SOFIA, BULGARIA, March 6, 2025, 9:30 CET, Terna Energy/ TERNA ENERGY Group is developing a significant new investment in Bulgaria. This investment involves the design, procurement, and construction of a 130 MW photovoltaic power plant in the Vratitsa area in Burgas, Bulgaria.

/BELGRADE, SERBIA, February 21, 2025, 10:00 CET, GGF, RENEWABLE MARKET WATCHTM/ In the second round of auctions for the allocation of market premiums for renewable energy projects (RES) announced by the Ministry of Mining and Energy in November 2024, investors applied for 41 projects. The offered quota of 424.8 MW for solar and wind power plants was significantly exceeded. The total capacity of the power plants that received incentives is 645 MW, and the total planned investment value is 782 million euros.

/LONDON, February 12, 2025, 9:00 GMT, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable overview of the solar photovoltaic power sector of Western Balkan countries for the period 2025 ÷ 2034. Newly installed PV capacity in this region will exceed 17 GW in the next 5 years. The number of fully permitted and ready-to-build projects is promptly increasing. The rooftop solar PV market segment in many countries is not developed and is forecasted to experience significant growth soon. Energy demand in the region is constantly increasing, according…

/PODGORICA, MONTENEGRO, February 11, 2025, 11:00 CET, GGF, RENEWABLE MARKET WATCHTM/ The Green for Growth Fund (GGF) has established a partnership with Lovćen Banka, Montenegro by signing of loan agreement of EUR 3 million. This loan facility will enable Lovćen Banka to expand its green lending portfolio, providing dedicated financing to businesses investing in sustainable practices and smaller-scale renewable energy projects, boosting the region’s resilience and energy independence.

/LONDON, January 17, 2025, 14:00 GMT, RENEWABLE MARKET WATCHTM/ Arctech, a global leader in solar tracking and racking solutions, has partnered with NORINCO International, a subsidiary of China North Industries Corporation. As part of this agreement, Arctech will provide its advanced 1P single-axis solar tracking system, the SkyLine II, for a 125 MW solar project near Stolac, Bosnia and Herzegovina (BiH). This partnership marks a significant milestone for Arctech's expansion into the European solar market.

/VIENNA, January 6, 2025, 9:00 CET, Renalfa IPP/ A 258 MWac (megawatt alternating current) photovoltaic (PV) project in Teleorman, Romania was acquired at the end of 2024 by Renalfa IPP, a Vienna based leader in renewable energy development and investment. This acquisition aligns with Renalfa IPP's strategic commitment to advancing sustainable energy solutions across Central and Eastern Europe (CEE). The project is also a significant milestone in the expansion of Romania's renewable energy portfolio. Commercial operation of the Teleorman project is scheduled for 2027. It will contribute to Romania’s decarbonisation…