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Energy & Environment
The homes of the future: 59% of people want smart technology in their new homes
Thursday, October 24, 2024
According to a study by the ifo Institute, it is expected that around 1.58 million new homes will be built across 19 European countries by 2025. Plus, with rent payments increasing year on year, more people than ever are looking to get onto the property ladder and new builds are an attractive option for many. However, our expectations when it comes to new build homes have shifted somewhat over the past few ...
Romania spends 1.2 pct of GDP on environmental protection in 2023
Thursday, October 24, 2024
Environmental protection expenditures at the national level amounted to 19.8 billion RON in 2023, equivalent to 1.2% of the Gross Domestic Product (GDP), according to data published on Friday by the National Institute of Statistics (NIS).According to the official statistics, in Romania, the highest environmental protection expenditures were recorded in the field of waste management at specialized producers (70.3% of total expenditures in the field of waste management), ...
First solar panel factory opens in Covasna county
Thursday, October 24, 2024
KBK Kraft Project will build in Sfantu Gheorghe, Covasna county, the first photovoltaic panel factory in Romania. The company signed a contract with the Ministry of Energy on Thursday to receive a 19.3 million euro financing from the National Resilience and Recovery Fund (PNRR), according to a press release from the ministry. KBK Kraft Projekt is a construction company from Bra?ov established in 2018, with an annual turnover of over 11 million ...
Rompetrol Downstream launched “hei Truck Caravan”
Thursday, October 24, 2024
Rompetrol Downstream launches “hei Truck Caravan”, a new concept aimed at promoting the hei brand and creating a “mobile laboratory” for the gastro segment in Rompetrol gas stations. Depending on customer preferences, selected assortments could be found nationwide. “This is a premiere for Romania, being the first initiative of its kind by a company specialized in fuel distribution. Customers have the opportunity to find ...
Iohannis in Brussels stresses importance of affordable energy prices
Thursday, October 24, 2024
President Klaus Iohannis stressed the importance of affordable energy prices, the need to stimulate connectivity and to remove structural bottlenecks in energy transmission networks at the European Council meeting on last Thursday.The main topics on the European Council meeting agenda were the situation in Ukraine, developments in the Middle East, the European Union's competitiveness and migration management.The agenda of the leaders also included discussions on ...
Greenpeace Romania seeks clarifications about Energy minister's alleged criminal complaint against environmental NGOs
Thursday, October 24, 2024
Greenpeace Romania representatives express their disappointment at the decision of Energy Minister Sebastian Burduja to challenge and restrict the "peaceful and legitimate activity of environmental organizations", despite his claims to share the common goals of strengthening Romania's energy security, accessibility and sustainability.In an open letter this Thursday, Greenpeace called for clarifications from Energy Minister Sebastian Burduja and Justice Minister Alina ...
Electrica gets non-repayable financing worth EUR 3.4 million for electricity storage project
Thursday, October 24, 2024
Romania's Electrica company has got non-repayable financing worth approximately EUR 3.4 million, under the National Recovery and Resilience Plan (PNRR), for the development of an electricity storage project at Fantanele, Mures County, the company informed on last Thursday.The total value of the project is estimated at EUR 21.8 million, including approximately 20% non-repayable financing.The initiative construction of electricity storage ...
Romania needs many heat pumps to reach decarbonisation target
Thursday, October 17, 2024
Romania needs a lot of heat pumps in the coming years to achieve its decarbonisation target in the heating and cooling sector, Sorin Elisei, director general at the Ministry of Energy, told a specialist event on Wednesday."On the electricity side, we are starting to do well. In 2030, Romania has an 87% reduction in emissions in the energy sector as against 1990 - and that is largely due to the "coal fault", so to speak, the elimination of coal, just as we set our targets under ...
Gov't changes calculation method for oil royalties payable by non-state-owned oil terminals
Thursday, October 17, 2024
The government approved on Wednesday the change in the method for the calculation of the oil royalty payable to the state budget by non-state-owned oil terminals, increasing the due percentage rate to 3% of their pre-tax revenues.According to a release from the Executive, a rule set forth in the Petroleum Law is thus implemented. Constanta Port oil operator Midia Marine Terminal SRL falls under the scope of these provisions.The Romanian state ...
Energy production in photovoltaic solar power plants up 60.5% in first eight months
Thursday, October 17, 2024
Energy production in photovoltaic solar power plants amounted to 2.57 billion kWh in the first eight months of this year, up 60.5% compared to the same period last year, according to data the National Institute of Statistics (INS) published on Monday.The figures for solar energy produced in photovoltaic installations include prosumers.On the other hand, output from wind power plants totaled 4.10 billion kWh, down 16.9% (835.9 million kWh) compared to the ...
Damen Shipyards Mangalia Signs Ship Repair Deal, Delivers For Neptun Deep Project
Thursday, October 17, 2024
Damen Shipyards Mangalia announced the signing of a new ship repair contract for the crude oil tanker “M/T Nusa Merdeka,” along with the successful delivery of the first two Conductor Anchor Node (CAN) structures for the Neptun Deep project in the Black Sea. These developments come shortly after the yard secured two additional repair contracts for the “M/T Tahiti” and “M/T Hadal Sally.” These achievements are especially noteworthy given that the ...
EnergMin Burduja: Romania has one of the highest levels of energy poverty among EU countries
Thursday, October 17, 2024
Energy poverty is still a thing in Romania, with the country having one of the highest levels among the member states of the European Union, according to Energy Minister Sebastian Burduja."Romania has, unfortunately, one of the highest levels of energy poverty among the European Union states. Although many of us take for granted the fact that we can turn on the light, the TV or the microwave when we get home, the heat from the radiators, the hot water, the truth is that ...
Romgaz, E.ON Energie Romania conclude sales-purchase agreement for natural gas worth 3.84 M RON
Thursday, October 17, 2024
National gas company Romgaz on Thursday concluded with E.ON Energie Romania a sales and purchase agreement for natural gas worth 3.845 million RON (without VAT), according to a report submitted to the Bucharest Stock Exchange (BVB) on Friday.The agreement provides for the sale and purchase of natural gas for the period November 1, 2024-April 1, 2025, and a Bank Guarantee Letter was established as a guarantee.The payment must be made within ...
Romania, Egypt boost economic ties with focus on energy, investment
Thursday, October 17, 2024
Romania and Egypt have agreed to deepen economic ties, with a focus on energy cooperation, investment, and promoting trade, according to a statement from the 4th session of the Romanian-Egyptian Joint Committee for Economic, Scientific, and Technical Cooperation, https://www.dailynewsegypt.com/ ...
WWF: Romania did not complete energy and climate plan it was supposed to send to EC by June 20
Thursday, October 17, 2024
Romania failed to complete an energy and climate plan that it should have submitted to the European Commission by June 30, 2024, claim WWF-Romania experts, in a press release sent on Friday.According to this source, the member states of the European Union (EU) must present an energy and climate plan that aims to reduce greenhouse gas emissions by at least 55% by 2030 and, although the deadline for submitting the plan was June 30, 2024, Romania has not yet completed this ...
Romania about to roll out CfD scheme for nuclear & offshore wind energy, power storage
Thursday, October 17, 2024
With Romania about to launch its first Contracts for Difference (CfD) scheme, it is very important that it works very well right from the beginning, so that new CfD arrangements for other technologies such as nuclear, battery storage or offshore wind energy follow, Energy Minister Sebastian Burduja said on Thursday.Romania's move towards such financial agreements "means that, following a bidding process, fixed electricity selling prices will be set for 15 years for ...
EnviMin champions transparent tie-breaking criteria for enrollment with Green Home solar PV installation program
Thursday, October 10, 2024
Environment Minister Mircea Fechet said that next year's enrollments in the "Green Home" solar photovoltaic installation program should be assigned a bigger budget, according to "certain well-established criteria, and transparent tie-breaking assessment factors known to everyone", emphasizing that the "first come, first served" principle has reached its limits.The minister made these clarifications at a press conference on Wednesday at the Victoria Palace of Government, ...
Danish-Romanian Jantzen Renewables appoints new CEO
Thursday, October 10, 2024
Danish-Romanian green energy project developer Jantzen Renewables, part of Denmark's Jantzen Group, said on Monday it has appointed Razvan Popa as its chief executive officer (CEO). Previously, Popa served as partner and head of transactions at the company, having played an important role in the development and sale of the 710 MW Helios 1 photovoltaic (PV) cluster, Jantzen Renewables said in a press ...
Competition Council Authorizes OMV Petrom S.A. Service Outsourcing
Thursday, October 10, 2024
The Competition Council has authorized the transaction through which OMV Petrom S.A. intends to outsource certain services to the partnership formed by Eugen Trans S.R.L. and Rohrer Oil & Gas Services S.R.L., along with the employees who provide these services. Thus, the services to be outsourced will include transport planning, loading, unloading, and transporting equipment from one location to another, as well as certain logistical operations, ...
Romgaz inaugural EUR 500 ml EMTN issue sees massive success
Thursday, October 10, 2024
The inaugural EUR 500 million debt security issue launched by national gas company Romgaz under the Euro Medium Term Notes (EMTN) Program was a historic success, the Energy Ministry said in a release, pointing out that this transaction proves Romgaz's ability to attract important investments from international markets and strengthens the company's position as a strategic player in the Romanian and regional energy sector.The first, EUR 500 million EMTN tranche was launched ...