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Energy & Environment
Study: Switching all consumption to electric leads to the highest costs for citizens
Thursday, April 25, 2024
Switching all consumption to electric leads to the highest costs for citizens, while the lowest costs are obtained in the situation of partial switching to electric cars, heating with heat pumps of new buildings and individual houses and development of district heating networks, reveals the results of a study conducted by the Intelligent Energy Association (AEI).Thus, the first study on the energy conversion of a city in Romania into full-electric, conducted by the ...
Delgaz Grid reports damages of over 2.7 million RON of fraudulent energy consumption, in Q1
Thursday, April 25, 2024
About 400 cases of potential fraudulent consumption, of approximately 5.9 million kWh, with a damage of over 2.7 million RON, were identified in the first quarter of this year, according to statistical data published by Delgaz Grid on Friday.The energy inspection, a specialized structure within Delgaz Grid, identified in the first quarter of this year a number of 395 cases of fraudulent consumption, 201 of which were for natural gas, and 194 for the electricity network. The ...
Gas imports up 18,2%, production increases by only 2%, two months into 2024
Thursday, April 25, 2024
Romania imported, in the first two months of 2024, a quantity of usable natural gas of 207,200 tons of oil equivalent (toe), 18.2% higher (+31,900) compared to the same period last year, according to centralized data by the National Institute of Statistics (INS).The domestic production of natural gas totaled, in the mentioned period, 1.283 million toe, being 2% more than in January-February 2023 (+24,900 toe).According to the estimates of the National Commission ...
Renera Energy’s new ambitious project in Romania
Thursday, April 25, 2024
Renera Energy Romania, a subsidiary of the Renera Group, is tackling a new and ambitious project: a 37-ha floating photovoltaic system with an estimated power of 50 MW, https://energyindustryreview.com/ ...
Oil giant bp coming to Romania
Thursday, April 25, 2024
The English oil giant bp, with annual revenues almost as much as Romania’s GDP, is preparing to enter our country, where it will invest in solar energy. The largest solar energy developer in Europe, the British company Lightsource BP, is preparing its entry into Romania, after the control of the business will be fully taken over by the British oil giant bp (formerly British Petroleum), an annual business of over 200 billion ...
Hidroelectrica and Masdar expand scope of collaboration agreement
Thursday, April 25, 2024
Hidroelectrica and Masdar have agreed to expand the scope of the joint venture company (JVC) to be established, so that it includes the implementation of on-shore and floating solar photovoltaic projects, as well as the implementation of storage systems of energy in batteries, under conditions of technological exclusivity, for a period of three years."As regards the exclusive collaboration, it can be extended for an additional period of three more years, under the ...
EPG, WWF Romania launch project to designate renewable acceleration areas in Romania, Bulgaria and Hungary
Thursday, April 25, 2024
Energy Policy Group (EPG) and WWF-Romania (World Wildlife Fund) have launched the RENewLand project, which proposes a model for an intersectoral and multidisciplinary approach to designate areas suitable for accelerating wind and solar energy in Romania, Bulgaria and Hungary."With the adoption of the new Energy Law in 2023, Romania has simplified the authorisation procedures for wind and solar energy projects. The European Union has allocated non-reimbursable financial ...
Premier Energy completes acquisition of CEZ Vanzare
Thursday, April 18, 2024
Premier Energy, one of the most important suppliers and distributors of natural gas in Romania, announces the completion of the acquisition of CEZ Vanzare, as a result of which the regional customer portfolio of the entire Premier Energy group rises to 2.4 million domestic and non-domestic customers, the company informs in a release, sent on Monday.Once the acquisition is completed, CEZ Vanzare receives a new identity and becomes Premier Energy ...
Transelectrica inaugurates 400 KV High-Voltage Power Line: Iron Gates-Resita
Thursday, April 18, 2024
The Transelectrica SA National Electric Energy Transport Company inaugurated last night, through a ceremony organized in the Portile de Fier/Iron Gates Power Station, the 400 kV Overhead Electric Line Portile de Fier – (Anina) – Resita, according to a press release. The investment project had a total value of 150 million lei, from own funds, the works being executed by the ELECTROMONTAJ S.A. Association. BUCURESTI – ROMELECTRO ...
Electricity consumption, up by 3% in first two months
Thursday, April 18, 2024
Final electricity consumption in the first two months of 2024 was 8.616 billion kWh, 1.7% higher than in the same period in 2023, while domestic production totaled 2.971 million toe, down 23,000 toe (-0.8%), according to data published on Monday by the National Institute of Statistics (INS).The final consumption of electricity in the economy increased by 3%, public lighting increased by 12%, and population consumption decreased by 2.6%.Between January 1 and ...
Eurostat: Romania, the third largest oil producer in the EU
Thursday, April 18, 2024
The largest oil producers in the European Union were, in 2022, Italy (4.5 million tons), Denmark (3.2 million tons) and Romania (3 million tons), according to data published on Monday by Eurostat. According to this source, EU crude oil production continued to decline in 2022, despite a significant increase in oil prices following the Russian invasion of Ukraine. EU oil production fell in 2022 to a ...
Econergy launches commercial operations for 92MW Parau PV project in Romania
Thursday, April 18, 2024
Econergy has announced that its 92MW solar park in Parau, Romania, has started commercial operations, marking the latest step in the company’s growth as a leading European Independent Power Producer. The project, which has begun supplying electricity to the grid and will reach full flow in the coming weeks, will provide green electricity to around 70,000 households, contributing to a reduction in CO2 emissions of ...
Prosumers credit energy suppliers, free of charge with over 50 million euros, in 2023
Thursday, April 18, 2024
The prosumers credited the energy suppliers for free and without interest, in 2023 only, with over 50 million euros, under the conditions in which, in 2021, according to OUG 143, the prosumers had "at their disposal the injected energy for a maximum period of 24 months"."Following a questionable interpretation of the legislation in force, the National Regulatory Authority in the Energy Area (ANRE) imposed on prosumers a mandatory period of 24 months to benefit from the ...
National Energy Dispatch's data show electricity storage demand is 4,000 MW
Thursday, April 18, 2024
According to the data provided by the National Energy Dispatch, the demand for electricity storage is 4,000 MW until 2030, half of which will come from batteries and half from pumped storage hydropower plants, the minister of Energy, Sebastian Burduja declared on Friday.According to the minister, Romania must do what it should have done for decades, namely pumped storage hydropower plants, because "we are the only country in the EU with the geography that ...
Greenvolt Group enters Romanian renewable energy market
Thursday, April 18, 2024
Greenvolt Group, an international operator in the renewable energy market through multiple technologies, enters the Romanian market in the Distributed Generation segment. The decision to enter Romania, the 10th country in the Group’s expansion plan (Portugal, Spain, Italy, Greece, France, Poland, Irland, UK, Germany) at the European level on this segment, stems from an awareness of the fundamental role that distributed generation ...
Renera Energy Romania starts developing a 50 MW floating photovoltaic park in Romania
Thursday, April 18, 2024
Renera Energy announces the start of the development phase for the largest floating photovoltaic park in Romania. The company plans to build a power plant with an estimated installed capacity of 50 MW on 37 hectares of water in the county of Braila. Renera is a European group of companies headquartered in Basel, Switzerland. With around 200 ...
AEI finalized the National Register of houses without electricity
Thursday, April 18, 2024
About 11,611 Romanians are not connected to the electricity grid in 2024, according to the Intelligent Energy Association (AEI). This is also due to the fact that most adults are between 50 and 96 years old, the average being at the limit of life expectancy in Romania. Worryingly, a number of 4,777 children live in these houses without electricity. About 87% of houses inhabited without electricity do not have a cadastre, which makes it difficult to ...
56 million euro contract, signed by Transelectrica, for investments in efficiency and modernization of electric transport network
Thursday, April 11, 2024
The Transelectrica National Electric Power Transmission Company signed a financing contract in the amount of 56.2 million euros, through Romania's National Recovery and Resilience Plan (PNRR), on Tuesday, for the installation of photovoltaic power plants and storage facilities in 29 power stations, the modernization of the Smart SA subsidiary, the optimization of the communications network managed by Teletrans subsidiary and the creation of a data ...
Selection process of Doicesti site for implementation of SMR is in accordance with IAEA security standards
Thursday, April 11, 2024
The selection process of the site at Doicesti, southern county of Dambovita for the safe development of the first power plant with small modular reactors in Romania complies with the approach recommended by the International Atomic Energy Agency (IAEA), informs SN Nuclearelectrica SA."The IAEA's SEED (Site and External Events Design) follow-up mission concludes that the site selection process at Doicesti complies with the approach recommended by the IAEA for ...
PPC records €1.5 bn EBITDA on a pro-forma basis reinstating dividend distribution at €0.25/share
Thursday, April 11, 2024
1.1 GW of RES capacity additions and 0.9 GW of lignite out RES projects of 2.8GW in the Ready to build or Under construction stage, corresponding to approximately 70% of the residual capacity needed to achieve the target of 2026 Reduction of CO2 emissions by 34% and improvement in CDP score by four notches to ...