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Energy & Environment
KMG Rompetrol Development implementing EUR 2.2million eMobility project in Romania
Thursday, February 15, 2024
An eMobility project worth approximately EUR 2.2 million, co-financed by the European Union under the Connecting Europe Facility instrument - CEF Transport, is being implemented in Romania by KMG Rompetrol Development.The company reported on Wednesday that in November 2022 it submitted an application for financing a project on the acquisition and installation of ultra-fast charging stations for electric vehicles.They will be located within ...
Romania relaunches call for investment in battery storage for solar photovoltaic facilities
Thursday, February 15, 2024
The Ministry of Energy of Romania has reopened a competitive solicitation for battery storage for the grid integration of renewable energy, seeking “at least” 240MW and 480MWh of resources, ...
RWE and PPC to accelerate Greek energy transition by building solar projects with nearly 1 gigawatt capacity
Thursday, February 15, 2024
Investment decisions made for construction of one additional photovoltaic project with 450 MWp /432 MWac in Western Macedonia Start of construction expected the next months; commissioning in 2025 Total investment of €255.4 million planned, €127.7 million of which will be made available by RRF, and €76.6 million commercial debt on pro-rata ...
World Bank’s IFC launched the consultation for Romania’s offshore wind roadmap
Thursday, February 15, 2024
By 2036, Romania might have 3 GW in installed offshore wind capacity in the low growth scenario or 7 GW in the high growth scenario, according to the latest Romania’s offshore wind roadmap launched for consultation by the World Bank’s International Finance Corporation (IFC). One of the main findings of the report is that the levelized cost of energy (LCOE) starts at 72-93 euros per MWh in 2029 and reduces to 52-76 euros per MWh in 2035, according to the low ...
OMV Petrom has 1.5 billion lei for acquisition transactions in 2024
Thursday, February 15, 2024
OMV Petrom allocated this year 8 billion lei for investments, of which 1.5 billion lei for acquisitions, OMV Petrom’s financial director, Alina Popa, announced on Monday, during a specialized event. “We did not communicate the exact value of the transactions for ...
Green energy and carbon storage capacity give Romania unique chance to attract foreign investments
Thursday, February 8, 2024
Green energy and carbon storage capacity give Romania a unique chance to attract foreign investment or capital, including domestic, representing a competitive advantage with other economies in Europe and the world, the minister of Economy, Entrepreneurship and Tourism, Stefan-Radu Oprea, said last week."I will say first of all what I think will happen to Romania's economy, which is the target we have: a green economy, an economy with energy produced from ...
EU Commission warns Romania over landfill waste management
Thursday, February 8, 2024
Romania received a warning on Wednesday for failing to fully comply with the Landfill and Waste Framework Directives despite having already been fined by the European Court of Justice in December, euractiv.com informs. According to the Commission, Romania has successfully closed and rehabilitated 92 landfills and plans to address five more by 2026-2028. However, the situation for four others remains uncertain despite ...
OMV Petrom Ready To Drill For Gas In The Black Sea, It Is Hiring
Thursday, February 8, 2024
OMV Petrom, the operator of the Neptun Deep gas field in the Black Sea project, is prepared to kick off drilling and has started to train its team of specialists. The first well will be drilled next year, and actual production will begin in 2027. The deposits in this perimeter are estimated at 100 billion cubic meters, ten times more than Romania’s annual consumption. OMV Petrom has planned ...
OMV Petrom's earnings shrink on lower production, prices and solidarity contribution in 2023
Thursday, February 8, 2024
The net profit of Romanian energy group OMV Petrom (BVB: SNP) plunged by 61% y/y to RON 4 billion (EUR 804 million) in 2023 amid a combination of lower hydrocarbon and electricity production, lower utilization rate of the refinery and lower prices on the markets for power and petroleum products. Furthermore, the company's 2023 profit and loss statement includes the one-off element "solidarity ...
E.ON completed 161 PV projects for customers in 2023 – investments worth 30 mln. euro
Thursday, February 8, 2024
E.ON Energie Romania completed and delivered turnkey, last year, 161 photovoltaic power plants for 142 partner companies operating in various industrial branches, the total value of the projects amounting to almost 30 million euro, it is stated in a company release. The construction of the photovoltaic plants involved the installation of 74,230 photovoltaic modules on an area of 178,152 square meters, ...
Gas imports up 2 pct in first 11 months of 2023, production up 1.7 pct
Thursday, February 8, 2024
Romania imported, in the first 11 months of 2023, a quantity of usable natural gas of 1.995 million tonnes of oil equivalent (toe), 2% higher (+39,800) than in the same period last year, according to data centralized by the National Institute of Statistics (INS).Domestic production of natural gas in the period January-November 2023 exceeded 6.841 million toe, 1.7% higher than in the first 11 months of 2022 (+117,500 toe).According to ...
Photon Energy connects 3.8-MWp solar farm in Romania
Thursday, February 8, 2024
Amsterdam-based renewables developer Photon Energy NV (WSE:PEN) has grid-connected its tenth solar farm in Romania, powering up a facility with 3.8 MWp of capacity, https://renewablesnow.com/ ...
Burduja: NuScale has mature and secure technology
Thursday, February 8, 2024
The United States of America honors Romania’s competence in the energy sector, our country being recognized as a regional pillar of stability, energy security and economic development, says the Minister of Energy, Sebastian Burduja. He made a working visit to the USA, during which he had a series of meetings with American officials. “Tour of force in the United States. The stakes of the strategic ...
Bulgaria and Romania are working on a framework of joint energy projects, offshore wind is targeted
Thursday, February 8, 2024
The Ministries of Energy in Bulgaria and Romania are working on a general framework for joint energy projects, State Secretary in the Bulgarian Ministry of Energy Nikolai Nikolov said n Bucharest, reports BTA. “We cooperate very well with Romania. In the last six months, we have worked hard with our Romanian colleagues to set up a general framework for projects,” said Nikolai Nikolov, quoted by ...
A new restriction blocks wind turbines in Dobrogea, considered dangerous obstacles for planes
Thursday, February 8, 2024
Developers of wind projects in Dobrogea have been facing a new problem for some time, namely the lack of approval from the aeronautical authority, which recently considers that the turbines are too high and refuses to issue positive approvals for new constructions, after the change in the minimum altitude level of flight (MOCA – minimum obstacle clearance altitude), claim market sources consulted by ...
ING Study: Majority of Romanian homeowners have taken measures to improve energy efficiency
Thursday, February 1, 2024
The majority of the homeowners in Romania (83% of the interviewed ones) state that they took measures to improve the energy efficiency of their homes over the last three years, especially by improving the thermal insulation and the reduction of the energy consumption of the devices, according to a study made by Ipsos for ING in seven countries.Similarly, according to the quoted source, only 8% of the homeowners in ...
Crude oil production, down by 4.3%, imports down by 16.9% 11 months into 2023
Thursday, February 1, 2024
Romania produced, in the first 11 months of 2023, a quantity of crude oil of 2.562 million tons of oil equivalent, 114,300 toe less (-4.3%) compared to the same period the previous year, according to centralized data by the National Institute of Statistics (INS).Crude oil imports rose, in the January-November 2023 period, to 6.696 million toe, being 1.36 million toe below those recorded in the first 11 months of 2022 (-16.9%).According to the latest Energy ...
Rezolv Energy Signed The Connection Contract For A Wind Farm In Dobrogea
Thursday, February 1, 2024
Rezolv Energy, a company that develops several renewable projects in Romania, announces the signing of the contract for the connection of the future 600 MW Danube East and West wind farm in Constanta county. During the construction phase, the project will generate 250 jobs. The park will have 100 turbines. “We are delighted to announce that we have signed the grid connection agreement ...
Prosumers to become a key pillar of the renewable energy sector in Romania
Thursday, February 1, 2024
Prosumers will become an important pillar in the field of renewable energy in Romania. At the beginning of this year, their number reached 108,000. Of these, over 60% built their photovoltaic units with their own funds or bank loans, said Dan Pirsan, president of the Association of Prosumers and Energy Communities (APCE) in an interview for Energynomics. “Out ...
Nofar Energy Group expects 55 million euros from EBRD for 2 PV projects in Romania
Thursday, February 1, 2024
Nofar Energy, an Israeli renewable energy company listed on the Tel Aviv Stock Exchange, plans to borrow up to 55 million euros from the European Bank for Reconstruction and Development (EBRD) to build two photovoltaic projects in Romania with a total capacity of 315 MW. The financing involves a loan of up to €55 million to RTG Solar Energy SRL (“Iepure?ti Project – 169 MW”) and Solis Imperium SRL (“Ghimpati Project ...