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Fitch: EUs Latest Guidelines Add Price Risks for Renewables Projects

Fitch: EU's Latest Guidelines Add Price Risks for Renewables Projects

The European Commission's latest guidelines on support for renewable energy will weaken the risk profile of new projects by exposing them to both price and volume risks, Fitch Ratings says. In the longer term, however, the guidelines should help provide a stable regulatory environment by reducing the risk of incentives becoming unsustainable.

Romania Aims to Raise up to $1.0 bln in Electrica IPO

Romania Aims to Raise up to $1.0 bln in Electrica IPO

Romanian plans to raise between $800 million and $1.0 billion (576.3-720.4 million euro) in the initial public offering (IPO) of state-owned power supplier and distributor Electrica, a government draft decision showed.

South Stream Transport Says No Re-routing Offshore Pipeline Planned

South Stream Transport Says No Re-routing Offshore Pipeline Planned

Dutch-based South Stream Transport BV, a joint venture established for the planning, construction and operation of the offshore section of the South Stream gas pipeline through the Black Sea, said on Wednesday there are no plans to change the routе of the offshore pipeline.

E.ON Plans 91 mln euro Investments in Romania in 2014

E.ON Plans 91 mln euro Investments in Romania in 2014

German utility E.ON plans to invest 406 million lei ($125.6 million/91 million euro) in Romania this year mainly in upgrading its gas and electricity distribution networks, its Romanian arm said on Tuesday.

Escalera Signs MOU with AOR Albanian Oil Refinery

Escalera Signs MOU with AOR Albanian Oil Refinery

Escalera International Co. LLC, a subsidiary of Escalera Resources Co. has signed a Memorandum of Understanding ("MOU") to enter into an Energy Joint Venture headquartered in Tirana, Albania.

Bulgarias Energy Companies Request Double Digit Hike

Bulgaria's Energy Companies Request Double Digit Hike

Up to 28 % higher electricity prices from 1 July were requested by Bulgaria's energy development companies. This became clear from the words of DKEVR President Boyan Boev, Standart daily reports.