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Energy & Environment
Bloomberg News: CEZ May Continue Investing Into Foreign Renewables After 2016
Thursday, November 1, 2012
CEZ AS, the Czech Republic’s largest power producer, relaxed its 2016 deadline for installing as many as 3,000 megawatts of renewable energy sources. The company has adopted “stricter criteria” for choosing investments into wind, solar and hydroelectric projects in Romania, Poland and Germany and extended the deadline because of changing regulations in the industry, Martin Pacovsky, the head of CEZ’s foreign investments, said today in an ...
AFP:China's Guangdong mulls investing in Romanian nuclear plant
Thursday, November 1, 2012
China's Guangdong Nuclear Power Group has shown interest in building two new reactors at Romania's sole nuclear power plant, deputy economy minister Rodin Traicu said Tuesday. "The Chinese company could invest up to 40 percent of the funds needed for the third and fourth reactors," Traicu told a press conference after returning from a visit to China. He added that Guangdong could be involved in conventional areas of the work and provide electric equipment, turbines and ...
IMF: OPCOM gas trading platform to start commercial operation in March 2013
Thursday, October 25, 2012
The OPCOM electricity trading platform plans to launch a gas trading platform on December 1, 2012, in a testing/participant training mode and start commercial operation in March 2013, reads a report drawn up by the International Monetary Fund (IMF) following its 6th review of an ongoing stand-by arrangement with Romania'We are taking steps to strengthen OPCOM as a trading platform. A working group of OPCOM and large electricity consumers has designed a ...
Repower Syatems SE enters Romanian market with order for eight wind turbines
Thursday, October 25, 2012
The German company Repower Systems SE, a division of the turbine producer Suzlon Energy Ltd in India, got an order for eight wind turbines, 25 MW all in all, meant for a wind park at Margineni, Neamt County (eastern Romania), informs a press release. Repower said that on Monday they signed a contract with P E DEUS EX SRL, a project company belonging to WSB International GmbH, on delivering eight 3.2 MW turbines meant for a wind farm at Margineni, a ...
EU bioenergy policies increase carbon emissions, says leaked EU study
Thursday, October 25, 2012
EXCLUSIVE: Bioenergy production is often increasing greenhouse gas emissions in the short term even though the EU currently counts it as a carbon neutral technology, according to an unreleased EU report, which EurActiv has obtained. Bioenergy made up over two thirds of the EU’s primary renewable energy production in 2009, according to Eurostat, and will account for more than half ...
Romania imports less natural gas in first eight months of 2012
Thursday, October 25, 2012
Romania imported in the first eight months of this year an amount of usable natural gas of some 1.671 million tonnes of oil equivalent (toe), by 22% (470,700 toe) less compared with that in the same period of 2011, according to data centralized by the National Institute of Statistics.In the said period, the domestic production of natural gas totaled over 5.693 million toe, by 7,000 toe (0.1%) lower compared with that in the first eight months of last ...
SSIF Swiss Capital, BT Securities to arrange public offering of shares in Nuclearelectrica
Thursday, October 25, 2012
A consortium made up of Swiss Capital SA financial investment company as the syndicate leader and BT Securities SA has been declared the winner to arrange an initial public offering (IPO) of newly-issued shares in Romania's Nuclearelectrica nuclear power corporation, the Romanian Ministry of Economy, Trade and Business Milieu (MECMA) reported on Monday.The winning consortium will start its business as soon as the commitment letter is signed and enters ...
Suzlon Group to Supply Romanian Wind Farm
Thursday, October 25, 2012
REpower Systems (ETR: RPW), a Suzlon Group firm, has been awarded a contract to supply 8 3.2MW wind turbines to Romania, marking the first such business deal between the Indian company and Romania. The facility is scheduled to be commissioned in 2013. Financial details were not revealed, though a Romanian subsidiary – REpower Systems DTE Romania SRL – has already been set up to be headquartered in ...
Solar PV industry eyes up to 25% power share in 2030
Thursday, October 25, 2012
There are no technical barriers to the large-scale integration of solar power into the electricity grid in Europe over the long term, says a report by the European Photovoltaic Industry Association. The EPIA report predicted photovoltaics would account for 15% Europe’s electricity production by 2030, or 25% “under a paradigm shift ...
Project of reactors 3 and 4 of Cernavoda, revalued at 6.45 billion euros
Thursday, October 25, 2012
The project for the Units 3 and 4 of the Cernavoda nuclear power plant (south-eastern Romania) was revalued at 6.45 billion euros, according to the new feasibility study conducted by Ernst & Young, a document that will be discussed in the next Nuclearelectrica general meeting of shareholders, according to the company's website.The estimated project value that initially amounted to about four billion euros, does not include the interest over the construction period, nor the ...
The state wants to bring the CEZ RWE, Iberdrola and GDF Suez companies back to the project for reactors 3 and 4 in Cernavoda
Thursday, October 18, 2012
The state wants to recall in the construction project for reactors 3 and 4 for the unit in Cernavoda the companies CEZ, RWE, Iberdrola and GDF Suez who withdrew at the end of 2010 – beginning of 2011, according to the state secretary in the ministry of economy Rodin Traicu. “By the end of the year will have the answer from these companies and the format of the project” Traicu stated at a seminar on ...
The largest solar park in Romania spreads on a surface of 10 football pitches
Thursday, October 18, 2012
Solar energy continues to draw investments,in Chirileu – Mures county the works for the largest photovoltaic park are underway to be finalised. The project placed on a surface of 8 ha of agricultural land, the equivalent of almost 10 football pitches is made up of 15,500 solar panels with installed power of 3.2 MW. The value of investments is 4.5 million ...
GE Hits Milestone Installation of 1,000th 2.5 Megawatt Series Wind Turbine
Thursday, October 18, 2012
GE Tuesday (October 16) announced the installation of its 1,000th advanced technology, 2.5 megawatt (MW) series wind turbine. The milestone unit is going to CEZ Romania for use in the 600-MW Fantanele/Cogealac wind farm, Europe’s largest onshore wind project. Earlier this year, GE announced its fleet of 2.5 MW series wind turbines had surpassed 2 gigawatts of installed capacity worldwide, enough clean electricity to ...
Samsung to develop two photovoltaic projects in Romania
Thursday, October 18, 2012
South Korea's Samsung company will develop two photovoltaic projects in Romania, Korean Ambassador for Energy and Resources Park Robyug told a conference on the energy cooperation between Romania and South Korea on Wednesday.Samsung is present on the Romanian market, one of its investments being made by South Korea's Shinheung company, which makes components for Samsung Hungary, on a 30-million-euro investment. The company is also interested in ...
PMs Ponta, Filat discuss timetable of Iasi-Ungheni gas pipeline completion
Thursday, October 18, 2012
Prime Minister Victor Ponta and his Moldovan counterpart Vlad Filat met Wednesday at the Victoria Palace of government and agreed upon the concrete timetable for the completion of the Iasi-Ungheni gas pipeline and the related management responsibilities.'The two Prime Ministers discussed the implementation of the bilateral agenda agreed upon during Victor Ponta's official visit to Chisinau in July, especially the stage of the joint energy projects. The ...
Romania could export gas, starting with 2013
Thursday, October 18, 2012
Technical tests for gas export will be completed by the end of 2012, said on Wednesday the Secretary of State in the Ministry of Economy, Rodin Traicu, in a conference on cooperation between Romania and South Korea.Romania is interconnected with Hungary, via Arad-Szeged pipeline, by which natural gas imports are made. Two pipelines with Bulgaria and the Republic of Moldova are under construction.In early June, in the context of discussions ...
Oettinger (EC): Inauguration of Brazi power plant is a good message to investors
Thursday, October 18, 2012
Inauguration of the power plant at Brazi (Prahova county, south of the country) is a good message for investors in Romania, said Günther Oettinger, European Commissioner for Energy, in a meeting with Prime Minister Victor Ponta, informs a government press release, sent on Tuesday.According to the European Commissioner, further energy market liberalization will lead to an increased Romania's energy independence.'Prime Minister Victor Ponta assured the ...
Basescu: We understand Turkmenistan needs certainties about gas exports to the EU
Thursday, October 18, 2012
Romania's President Traian Basescu on last Thursday said he appreciates Turkmenistan for its readiness to commit itself to becoming a natural gas supplier for the European market, adding that he understands the fact that Turkmenistan needs certainties about the size of its gas exports to the EU.'I have reiterated the special importance Romania is attaching to the development of the South corridor, and in this context we believe that the Nabucco project ...
Investing in regions and renewable energy sources will help deliver EU's ambitious Energy Roadmap 2050
Thursday, October 18, 2012
The Committee of the Regions (CoR) has backed the European Commission's plans to reduce energy consumption and commit to shifting towards more sustainable energy resources, but has urged that far more needs to be done to support local and regional authorities if these objectives are to be achieved. The European Commission unveiled its Energy Roadmap 2050 in December last year which seeks to achieve the EU's target of reducing greenhouse emissions to 80-95% below ...
EU: No action on 2030 renewables target is 'no real option'
Thursday, October 18, 2012
The EU needs to advance its plans for renewable energy targets for 2030 soon, but only as part of a wider climate package, a member of energy commissioner Gunther Oettinger’s cabinet said Tuesday (16 October). While no conclusion had been drawn on whether new renewables targets should be binding, “the Commissioner is quite open to this,” Jasmin Battista told a Brussels conference to launch a new report by the consultants, Althesys. ...