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Energy & Environment
The Government has established the National Regulatory Authority for Mining, Petroleum and Geological Storage of Carbon Dioxide
Thursday, July 4, 2024
The Government has established, on Friday, through an emergency ordinance, the National Regulatory Authority for Mining, Petroleum and Geological Storage of Carbon Dioxide (ANRMPSG), a specialized body of the central public administration, with legal personality, fully financed from its own revenues, subordinated to the Government and coordinated by the Prime Minister, through the Chancellery of the Prime Minister, through the reorganization by transformation of the National Agency for ...
Romania reduces tax on electricity imports and exports to Moldova and Ukraine
Thursday, July 4, 2024
The Romanian Energy Regulatory Authority has announced a reduction in the regulated tariff applied by the national energy system operator, Transelectrica, to all electricity import, export and transit transactions planned with the Republic of Moldova and Ukraine, https://www.ipn.md/ reports.Profit.ro ...
First investment project with external financing of Hidroelectrica, inaugurated at Poiana Rusca
Thursday, July 4, 2024
The first investment project realized with external financing, worth 5.79 million RON, was inaugurated by Hidroelectrica in Poiana Rusca, according to a press release sent on Thursday.The objective of the Rusca Micropower Plant (MHC) is to achieve a new installed capacity of 0.2 MW, which generates 1.5 GWh/year of green electricity with zero CO2 emissions.According to the cited source, out of the total of 5.79 million RON of the investment, 2.3 million RON ...
Record investments in energy cannot maintain race for 2030 world target for renewable energy
Thursday, June 27, 2024
Record investments in energy cannot keep up the race for the 2030 world target for renewable energy, according to a press release of EY Romania. Despite the investment increase of 1,800 billion dollars in green energy in 2023, including 660 billion dollars in renewable energy, investments are still level needed to carry out COP28 target to treble renewable energy ...
Listing of Electrica, a landmark moment for Bucharest Stock Exchange
Thursday, June 27, 2024
The authorities laid the foundations for the development of the local energy sector by listing the main Romanian energy companies, based on some essential principles of the capital market: trust, transparency, the application of corporate governance principles, the general director of the Bucharest Stock Exchange (BVB) Adrian Tanase declared on Wednesday."Electrica has demonstrated that the listing helps the company's success. In the last 10 ...
Romania gets almost EUR1.1bl via Modernisation Fund for energy investment
Thursday, June 27, 2024
Romania has received, via the European Union's Modernisation Fund, a first disbursement worth almost EUR 1.1 billion for investing in the development of energy distribution networks, rehabilitation/modernisation of district heating networks, natural gas transmission network, as well as investment in energy-efficient rolling stock, according to a press release of the Ministry of Energy issued on Tuesday.The amount also includes funds for future ...
Margun Enerji enters Romania to develop 150 MW solar power plants
Thursday, June 27, 2024
Margun Enerji from Turkey recently opened a subsidiary in Romania. Margun Romania Climatech, indirectly owned by Margun Enerji, wants to develop a solar power plant project with a capacity of 150 MW in Romania, according to an information from the board of directors of the parent company. The solar power plants developed by Margu in Romania would generate ...
Masdar, partner of Hidroelectrica on solar projects, buys Terna Energy from Greece
Thursday, June 27, 2024
United Arab Emirates renewable energy company Masdar has reached an agreement to buy an initial 67 percent stake in Greek company Terna Energy and is to make an offer to all shareholders for the rest of the stake, Reuters reports. Masdar made the purchase at 30 euros per share, which values the Greek renewable energy company at 2.4 billion ...
Investments of over 13.6 bln. euro for energy infrastructure modernization
Thursday, June 27, 2024
The value of investments made available to the energy system in Romania exceeded 13.6 billion euros in the last year, informs the Ministry of Energy. The Ministry of Energy has made available to the energy system a support of over 13.6 billion euros, non-refundable funds for investments in the entire energy chain. The funding sources included the Modernization ...
EBRD, OTP Bank finance 102 MW wind farm in Romania with EUR 93 M
Thursday, June 27, 2024
The European Bank for Reconstruction and Development (EBRD) and OTP Bank sealed a EUR 93-million financing agreement for the construction and operation of the Urleasca Wind Farm in Braila County, Romania. Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance was the legal adviser. Urleasca Wind Farm SRL, the project company, ...
Deutsche Telekom units support 192 MW of wind in Romania via VPPAs
Thursday, June 27, 2024
Three European units of Deutsche Telekom AG have signed up to procure electricity from a 192-MW wind farm in Romania under cross-border virtual power purchase agreements (VPPAs), https://renewablesnow.com/ ...
OMV improves 2030 estimates
Thursday, June 20, 2024
The Austrian group OMV , the majority shareholder of OMV Petrom, recently announced that it had reviewed its estimates for 2030, because of the more favorable market context for oil, natural gas and refineries, Reuters informs. Before a meeting with investors to be held in London, OMV informed that in 2030 it is counting on a CCS operatinal profit of at least 6.5 ...
Gas imports went up by 13% in first 4 months of 2024. Output went up by 1.1%
Thursday, June 20, 2024
Romania imported, in the first 4 months of 2024 a quantity of 493,200 tons of natural gas oil equivalent (TEP), 13% higher (+56,70) than in the same period of 2023, according to data centralized by the National Statistic Institute (INS). The domestic natural gas output amounted to 2.569 million tep, 1.1% higher than the one of January-April 2023 (+28,600 ...
Crude oil production decreases by 3.8%, imports down by 20.2% in first 4 months
Thursday, June 20, 2024
Romania produced, in the first four months of 2024, a quantity of crude oil of 903,900 tonnes of oil equivalent (toe), by 36,100 toe less (-3.8%) compared to that in the similar period of the previous year, according to data centralized by the National Institute of Statistics (INS).In the mentioned period, the imports of steel exceeded 2.18 million tep, being 552,400 tep below those recorded in January-April 2023 ...
MORE Enters The Romanian Renewable Market
Thursday, June 20, 2024
* MORE alongside Premier Energy Group bought two photovoltaic projects in Buzau MORE alongside Premier Energy Group, through Alive Renewable Holding Limited, has acquired its first two new photovoltaic projects in Buzau County, with a total installed capacity of 86 MW and an additional 18-MWh energy storage capacity. The projects also contemplate the ...
Vestas to deliver a 192 MW full EPC turnkey project in Romania
Thursday, June 20, 2024
Vestas has received a firm order from First Look Solutions, a subsidiary ...
Shikun & Binui Invests In Wind Farm In Dobrogea
Thursday, June 20, 2024
A company controlled by the energy division of the Israeli company Shikun & Binui received the connection notice for a 376 MW wind farm. The Green Energy Dynamic company received from Transelectrica the technical approval for connection (ATR) to develop a large wind farm of 376 MW in Constan?a county, the Gold-Wind wind power plant, according to data from the ...
Electricity resources down by 1.2%, production in photovoltaic power plants up by 50% four months into 2024
Thursday, June 20, 2024
Primary energy resources decreased by 3.3%, and electricity resources decreased by 1.2% in the first four months, compared to the same period in 2023, the National Institute of Statistics announced on Friday.According to INS data, the main primary energy resources, in the first four months, totaled 10.29 million tons of oil equivalent (toe), down by 349,700 toe compared to the same period in 2023.Domestic production amounted to ...
EBRD: Supporting renewable investments in Romania
Thursday, June 20, 2024
EBRD lends €32 million for 192 MW onshore wind farm in Romania First stage of Vifor wind project will generate over 550 GWh of renewable energy a year EBRD is a leader in green finance, strongly supports Romania’s renewables ...
Works begins on Romania's tritium removal facility
Thursday, June 13, 2024
Nuclearelectrica and Korea Hydro and Nuclear Power (KHNP) have held a ceremony to mark the start of work on what will become Europe's first tritium removal facility, at Romania's Cernavoda nuclear power plant, https://www.world-nuclear-news.org/ reads. As a Candu pressurised heavy water reactor ages, tritium - an isotope of hydrogen - accumulates in its moderator and heat transport systems. Increased levels of tritium ...