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Energy & Environment
Photovoltaic panels worth almost 7 million euros for municipalities and public institutions
Thursday, June 13, 2024
The minister of Energy, Sebastian Burduja, signed 14 financing contracts for photovoltaic panels for municipalities and public institutions, the total value being almost 7 million euros, the ministry announced on Friday.The representatives of the ministry specify that the total value of the financed projects is 34.57 million RON (6.95 million euros), the total value granted from the Fund for Modernization being worth 29.014 million RON (5.83 million ...
OMV Petrom buys half of three Renovatio Renewable Energy Projects
Thursday, June 13, 2024
OMV Petrom acquired from Renovatio a 50% stake in three renewable energy projects totaling 130 MW. This transaction complements the one announced at the beginning of this year for the acquisition of ...
Competition Council assessing Premier Renewable Invest's intention to take over Eolica Dobrogea One
Thursday, June 13, 2024
The Competition Council is assessing the transaction through which Premier Renewable Invest Co intends to take over Eolica Dobrogea One, according to a press statement released on Thursday.Premier Renewable Invest Co S.R.L., a holding company established for the purpose of taking over Eolica Dobrogea One S.A., is part of Premier Energy Group. Premier Energy Group is active in the production, trading and supply of electricity, in the marketing of green certificates, in the ...
OMV acquires Romania’s largest charging station network
Thursday, June 13, 2024
*The company targets operating 1,000 charging points for electric vehicles in the region, by the end of 2024. OMV Petrom has completed the acquisition of Renovatio Asset Management, owner of the largest charging network for electric vehicles in Romania. The transaction was approved by the Competition Council and the Commission for Foreign Direct Investment Screening. Renovatio currently operates over 400 ...
Ratification of Framework Agreement on establishment of International Solar Alliance, approved by Government
Thursday, June 13, 2024
The Government approved, on Thursday, the ratification of the Framework Agreement on the establishment of the International Solar Alliance (ISA), signed by Romania in Dubai, United Arab Emirates, on December 3, 2023.According to a press release from the Executive, the ratification of this Framework Agreement will strengthen Romania's international cooperation with the member states of the International Solar Alliance."By associating with ISA and ...
PPC: RE Banat – tender of over 45 mln. lei for the modernization of the infrastructure in Cenad
Thursday, June 13, 2024
Retele Eelectrice Banat company, part of PPC Group in Romania, launched, through the public procurement information system, a procurement procedure for works for the modernization of medium and low voltage grids in Cenad, Timis County, for the benefit of approximately 1,600 inhabitants. The value of the tender is 45.2 million lei, without VAT. “The need to invest in the resilience and modernization of electricity grids is a current and ...
ANRE: The tariff surge for system services by 40% will have little effect on bills
Thursday, June 13, 2024
The increase in the tariff for the purchase of system services will have a small effect on the electricity costs borne by the users, in the case of an annual household consumption of 1 – 1.5 MWh, the increase in the annual bill being a maximum of 3.7 – 5.5 lei/ year, informs the National Energy Regulatory Authority (ANRE). “The tariff increase for the purchase of system services is 3.67 lei/MWh, from 9.17 lei/MWh, valid for the ...
The 66 MW Frumusita wind farm developed by Eurowind Energy has Received the construction permit
Thursday, June 13, 2024
The Danish developer and operator of wind, solar and hybrid projects, Eurowind Energy, obtained the construction permit for the Frumusita wind farm in Galati County. Planned to become operational by the end of 2025, the wind farm will integrate a total of 11 wind turbines and supply a total of 62.000 ...
Analyst: Europe's dependence on gas brings important price changes in any supply limitation
Thursday, June 6, 2024
Europe's dependence on natural gas, as high as before the crisis, brings important price changes to any supply limitation, says Dumitru Chisalita, chairman of the Smart Energy Association (AEI) in an analysis sent on Tuesday."Europe's dependence on energy imports has not changed significantly in recent years, with Europe remaining heavily dependent on energy imports. An incident at a gas pipeline in Norway has caused important price changes on the stock exchanges, just as ...
Eurowind Energy finalizes the initial foundation of the Pecineaga wind farm
Thursday, June 6, 2024
The Danish developer and operator of wind, solar, and hybrid projects, Eurowind Energy, finalized the first foundation of the 48 MW wind farm in Pecineaga. Scheduled to become operational in 2025, the wind farm in Constan?a County will incorporate a total of eight foundations corresponding to the eight turbines. This significant achievement marks a crucial step in the progress of the renewable energy project, which involved a total investment of 79 ...
Restart Energy agrees grid connection for Romania’s second biggest solar park
Thursday, June 6, 2024
Agrovoltaics, a subsidiary of Romania’s Restart Energy group, has concluded an EUR 11.3 million grid connection agreement with transmission system operator (TSO) Transelectrica for the second largest solar park in the country. The 500 MW project will be financed by the US export credit agency, according to a statement from the company, https://balkangreenenergynews.com/ informs. Restart Energy ...
Transgaz, energy min sign 6.8 mln euro financing contract
Thursday, June 6, 2024
Romanian gas transmission system operator Transgaz [BSE:TGN] said that it has signed a contract with the energy ministry to receive 33.97 million lei ($7.4 million/6.8 ...
Black Sea Oil & Gas sets up new company to develop biogas plants in Romania
Thursday, May 30, 2024
A new company focused on the development of biogas plants across Romania, BSOG Energy SRL, has been set up by Black Sea Oil & Gas S.A. (BSOG), together with its shareholders, global investment firm Carlyle and the European Bank for Reconstruction and Development (EBRD), BSOG said in a press release sent on Wednesday.The newly-established BSOG Energy SRL, headquartered in Bucharest, will develop biogas plants nationwide, with each site estimated to have a capacity of at ...
State-of-the-art reactors installed at the Petromidia refinery
Thursday, May 30, 2024
Rompetrol Rafinare, member company of the KMG International Group (Rompetrol), introduced two modern reactors into the operational flow of the Petromidia refinery, part of the Middle Distillate Hydrotreating (HDV) unit, which will reach optimal operational parameters in the shortest time possible. The investment of about 16 million dollars, implemented as part of the recently completed general turnaround, will lead to increased amounts of loaded ...
Premier Energy listing increases representativeness of energy and utilities sector to 66% of BVB capitalization
Thursday, May 30, 2024
The listing of Premier Energy increases the representativeness of the energy and utilities sector to 66% of the total capitalization of the Stock Exchange, said Radu Hanga, the president of the Bucharest Stock Exchange, on Tuesday."It is the largest listing of an entrepreneurial company on the Bucharest Stock Exchange in the last 7 years. We had the Digi listing in 2017, which was bigger. If we look at the history of the Bucharest Stock Exchange, it is in the top 5 ...
Romania signs “Green Energy Corridor”, the strategic partnership in green energy development and transport
Thursday, May 30, 2024
In the application of the Agreement between the Governments of the Republic of Azerbaijan, Georgia, Romania and Hungary regarding the Strategic Partnership in the field of Green Energy Development and Transport – “Green Energy Corridor” Project, CNTEE Transelectrica SA and the other relevant parties designated at the level of each state, respectively AzerEnerji JSC, Georgian State Electrosystem and MVM Zrt., signed on Monday, May 27, in Bucharest, a Memorandum of ...
Moldovan gas market should couple with Romania
Thursday, May 30, 2024
Moldovan gas market and incumbent Moldovagaz undergo major changes related to market and transit Coupling with Romanian market would help speed up implementing daily balancing Political developments may determine the direction taken by the market Moldova’s best chance to consolidate its gas sector is to couple up with the Romanian market, the CEO of ...
The value of green lending for companies reached 5 bln. lei in March
Thursday, May 30, 2024
The “green” credits granted to companies in Romania amounted to 5 billion lei in March of this year, an annual increase of 129%, Florin Dragu, head of the service Financial Stability Directorate of the National Bank of Romania (NBR). “At the moment, “green” lending is still a market in information and also has a high potential for increasing the level of financial intermediation. The latest data, related to March 2024, ...
EBRD:Supporting renewable energy in Romania and Moldova
Thursday, May 30, 2024
EBRD becomes a minority shareholder in Premier Energy PLC in initial public offering Bank buys 11 per cent of offering, bringing 3.2 per cent ownership of the company IPO proceeds to invest in renewable energy generation in Romania and Moldova The ...
Engie Romania completes purchase of 80 MW wind park
Thursday, May 23, 2024
Engie Romania, part of French utility company Engie, said on Monday that it has finalised the acquisition of an 80 MW wind park from Czech investment firm EnerCap Group. The wind park, located in Romania's southeastern commune of Chirnogeni, Constanta county, is expected to generate around 180 GWh of electricity per year, which is enough to power about 90,000 households, Engie said in a press release. The ...