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Energy & Environment
Energy Ministry launches renewables CfD scheme
Thursday, March 28, 2024
The Energy Ministry launched on Monday the renewables Contracts for Difference (CfD) scheme, a financial instrument designed to stimulate the domestic production of green energy.Early this month, the European Commission approved a EUR 3 billion (RON 15.22 billion) Romanian scheme to support onshore wind and solar photovoltaic energy facilities, in order to foster the transition to a net-zero economy, as per the Green Deal Industrial Plan.According ...
S. Korea, Romania discuss closer ties in nuclear energy, defense
Thursday, March 28, 2024
South Korea's industry ministry said Monday it has discussed ways to broaden its industrial partnership with Romania focusing on the nuclear energy and defense sectors. https://en.yna.co.kr/ reports. Industry Minister Ahn Duk-geun met his Romanian counterpart, Stefan Radu ...
Nuclear energy is back - proponents adopt declaration in Brussels
Thursday, March 28, 2024
At the first-ever Nuclear Energy Summit in Brussels, a number of countries pushed for nuclear power as a way to achieve carbon neutrality in the bloc by 2050 - but opponents warn of the risks of expanding its production. At the same time, renewable energy also remains key to the EU's energy and climate debate. How divided is Europe on nuclear power?Promoting nuclear power was long taboo in Brussels, but a high-profile Nuclear Energy Summit sent the message that atomic ...
Shanghai Electric opens branch in Romania
Thursday, March 28, 2024
A company from the Chinese conglomerate Shanghai Electric established a subsidiary in Romania. The Chinese company submitted a bid to build the photovoltaic parks developed by Petrom together with the Oltenia Energy Complex. Last month, Shanghai Electric Romania Company S.R.L. was registered at the Trade Registry, according to data from the Official Gazette. The main activity of the new company is “construction works of ...
Law promulgated: Transelectrica has authority on expropriations regarding rehabilitation of energy transport system
Thursday, March 21, 2024
President Klaus Iohannis promulgates on Wednesday, the Law approving GEO on amendment of the Electric energy and natural gas law which completes expropriations of works concerning the national transport of electricity and natural gas. The law is completed by a new aspect at article 2, paragraph 3, where the expropriator is mentioned. The Economy Ministry, through the National Company for Electricity Transport ...
Romanian-Korean cooperation memorandum in nuclear energy field
Thursday, March 21, 2024
The government approved the negotiation and signing of a Romanian-Korean memorandum to consolidate cooperation in the nuclear energy field. The memorandum will be signed by the Ministry of Trade, Industry and Energy of Korea and the Energy Ministry of Romania, according to a Government press release. “The objective of the Memorandum between the two states is to set up a frame to consolidate cooperation in the ...
Doicesti project will be 20-30% cheaper than the Utah one
Thursday, March 21, 2024
The project of small modular reactors (SMR) from Doicesti is, according to discussions with NuScale, 20-30% cheaper than the one in Utah, the minister of Energy, Sebastian Burduja, said on Monday."I don't want to advance any figure. This is the purpose of the second phase in which the project enters, to detail everything that needs to be done, the budget of the project, including arranging the financial structure that will support this investment," said ...
Romania posts surplus in electricity trade for 2023, but exports cheaper per MWh
Thursday, March 21, 2024
Given that electricity exports were significantly higher than imports in physical terms, and in value terms in 2023, Romania was in surplus. Not in terms of price per MWh, where the export price was lower than the import price. The value of Romania’s electricity exports in 2023 was 1.23 billion euros, according to the data communicated by the National Institute of Statistics at our request. In 2023, the value of Romania’s ...
Sineng Powers a 53MW Solar PV Plant in Romania With Its String Inverter Solution
Thursday, March 21, 2024
The Glodeni solar power plant, with a capacity of 53MW and powered by Sineng’s state-of-the-art string inverters, has been successfully connected to the grid and is now fully opera?ional, https://solarquarter.com/ reads. Owned by DTEK, a world-class energy enterprise, ...
EBRD lends €30.8 million to Moldova to link to European electricity grid via Romania
Thursday, March 21, 2024
The European Bank for Reconstruction and Development (EBRD) is lending €30.8 million to Moldova and its state-owned electricity company Moldelectrica to link the country’s network to that of its European Union neighbour, Romania, by constructing a high-voltage transmission line between the Moldovan city of Balti and the Romanian border, ...
Electricity consumption increases 9pct in economy, drops 14pct for population
Thursday, March 21, 2024
Final electricity consumption in Romania increased 3.2% in January 2024, compared to the same period last year, while final electricity consumption in the economy increased 9% and that of the population dropped 13.8%, according to data the National Institute of Statistics (INS) published on Friday.The official statistics reveal that in the period from 1 to 31 January 2024, compared to the first month of 2023, primary energy resources decreased 1.5% and ...
Romania delays adoption of energy and climate plan, casts doubt on renewable targets
Thursday, March 21, 2024
The Romanian government will neither adopt its National Integrated Energy and Climate Change Plan before the expected 30 June deadline nor will the country meet the EU’s renewable energy targets, an energy ministry official said on Thursda, euractiv.com reads. The Energy Ministry aims to have a revised version of the National Integrated Energy and Climate Change Plan (PNIESC) by the end of April, but a ministry official admitted it is unlikely ...
Gas imports increased by over 143% in January 2024
Thursday, March 21, 2024
Romania imported, in January 2024, a quantity of usable natural gas of 107,800 tons of oil equivalent (toe), 143.3% higher (+63,500) compared to the same period last year, according to data centralized by the National Institute of Statistics (INS) quoted by Agerpres. Domestic natural gas production totaled, in the first month of this year, 662,000 toe, being only 0.1% above that of January 2023 (+700 ...
Nofar: 1 GW of green energy can be built annually in Romania by 2030
Thursday, March 21, 2024
Nofar Energy wants to start building more than 600 MW photovoltaic parks this year and estimates that Romania has the capacity to install at least 1 GW of new renewable projects annually by 2030, said Stelian Favieli, Managing Partner of the company. “We see 2024 as a year to stabilise the market a bit. Not much will happen, but what happens now will be [crucial] for the next 5-6 years,” he said, at the ...
Noark Electric opens Romania’s first regional logistics centre for electrical equipment and components
Thursday, March 21, 2024
Noark Electric Romania, a subsidiary of Noark Electric Europe, a company that develops, manufactures and markets electrical components and low-voltage equipment for residential, commercial and industrial applications, announces the opening of its logistics centre in Romania that will serve the countries in the region. With its location in a strategic area near Bucharest, located at FM Logistic, the centre ensures high product ...
Long-term clean energy projects to generate around 20,000 jobs
Thursday, March 21, 2024
The long-term strategic projects that will ensure Romania’s energy security with clean energy will generate around 20,000 jobs during the period in which they are carried out, declared, on Thursday, in a specialized conference, Teodor Chirica, the president of the Board of Nuclearelectrica. He referred to the refurbishment of Unit no. 1 from Cernavoda, the project of Units 3 and 4, as well as the implementation of the small modular ...
OMV Petrom budgets over EUR 3 million to plant 25 urban forests in 14 Romanian cities in 2024
Thursday, March 14, 2024
OMV Petrom will budget over EUR 3 million in 2024 to plant 25 urban forests in 14 Romanian cities in 2024 under "Romania plants for tomorrow" project.At the same time, planting activities will continue in areas in need of intervention, both in urban and rural areas.In total, it is estimated that more than 560,000 saplings will be planted with the help of partner associations and volunteers. The budget for this year is EUR 3.2 million."I would like to ...
Minister Burduja reveals ceiling prices for wind, solar auctions
Thursday, March 14, 2024
Romania will publish a call for its first solar and wind power auctions within weeks, pending the green light from the government and the Modernisation Fund, Minister of Energy Sebastian Burduja estimated, https://balkangreenenergynews.com/ reports. He announced the ceiling prices in the bids for CfD market premiums would be EUR 91 per MWh and EUR 93 per MWh, respectively. Romania will be the first country to use the ...
Association of Prosumers and Energy Communities in Romania joins European Solar PV Industry Alliance
Thursday, March 14, 2024
The Association of Prosumers and Energy Communities in Romania (APCE) has been accepted as a member of the European Solar PV Industry Alliance."This membership represents a significant step in our mission to represent the interests of Romanian consumers. With this international association, APCE enters a new area with direct and direct support from this association. Under the aegis of the European Commission and international associations, APCE will intervene where there is ...
Hidroelectrica takes over UCM Resita S.A
Thursday, March 14, 2024
Today, March 11, 2024, at the headquarters of Hidroelectrica in Bucharest, the Sale Contract of the business UCM Resita S.A. was signed to Uzina de Constructii Masini Hidroenergetice S.R.L., a company whose sole partner is Hidroelectrica SA. The document is the final act of the transaction and certifies the fulfillment of all conditions by the parties, as well as the payment of the price by the buyer, namely the amount of 67,879,000 ...