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Energy & Environment
E.ON: We want to invest more, but investments need în GreenEnergy to be recovered through tariffs
Thursday, August 17, 2023
Electricity distributors want to invest even more, but these investments are recovered through tariffs, "because nobody has a money factory at home", and freezing distribution tariffs for one year was not a wise one, throwing companies a year behind, Volker Raffel, CEO of E.ON Romania, said in an interview for Agerpres.Regarding "green" projects: "we see a strong increase in interest in our solar power generation solutions. The demand for E.ON Solar Home increased ...
Restart Energy finalised a system of photovoltaic panels worth over 340,000 euro for Cotnari
Friday, August 11, 2023
Restart Energy finalised the implementation of a system of photovoltaic panels, worth over 340,000 euro, for Cotnari S.A., informs the company for energy transition services. The project means the installation of 883 panels, on a surface of 5,000 sqm, with power of 400 kWp. The investment is going to pay off in less than four years, the quoted source ...
Energy minister: Mintia power plant investment to be completed by end-2026
Friday, August 11, 2023
Energy Minister Sebastian Burduja declared on Sunday after an on-site visit and a meeting with the new owners of the Mintia power plant that their ongoing investment in the new gas-fired power unit will be ready by the end of 2026, after a first stage which will be completed in the summer of 2025.The project will generate over 1,200 jobs during the plant's construction, and will produce safe band energy, making Mintia the most efficient power plant in ...
Midia Marine Terminal started the planned turnaround of the offshore terminal
Friday, August 11, 2023
Midia Marine Terminal (MMT), a member company of the KMG International Group, has started the overhaul works at the marine terminal located 8.6 kilometers offshore in the Black Sea, which ensures the supply of crude oil to Petromidia refinery – the largest and most complex refinery of its kind in Romania. With a transfer capacity of 16 million tons/year, the terminal is the only crude oil loading and unloading facility of this type in ...
Romania to tender 2,000 MW of renewable power capacity through EBRD-backed CfD scheme
Friday, August 11, 2023
Romania will be launching within short, with EBRD support, its first auction for a contract-for-difference (CfD) support scheme for renewable energy, the EBRD announced in a release on Friday."Onshore wind power projects and solar photovoltaic (PV) projects with a total capacity of 2,000 MW will be supported through a CfD scheme for 15 years. The auction will take place in the coming month, with successful bidders expected to be announced in November 2023. ...
OMV Petrom, Romgaz to invest up to EUR 4 billion for Neptun Deep's development phase
Friday, August 11, 2023
OMV Petrom and Romgaz will invest up to EUR 4 billion for the development phase of the Neptun Deep project, which will generate a production of about 100 billion cubic meters of natural gas, the start of production being estimated for 2027, according to a press release sent on lastThursday.According to the source, the Development Plan for the Domino and Pelican Sud deposits in the Neptune Deep perimeter has been confirmed by the Regulatory Authority.At ...
REC : EU funds - an essential resource for increasing renewable energy capacity
Friday, August 11, 2023
European funds represent an essential resource for increasing the renewable energy capacity, and Romania has approximately 30 billion euros at its disposal to use in one form or another in the energy field, president of the Romanian Energy Center (REC) and Adrem CEO Corneliu Bodea told ...
The Doicesti-Sotanga 80 MW Photovoltaic Park Has Been Commissioned
Friday, August 11, 2023
The investment is part of the Doicesti Energy Complex, which will include the SMR Power Plant and the Doicesti Photovoltaic Park. The ...
Saipem wins two contracts in Romania and Germany for overall 1.8 bln euros
Friday, August 11, 2023
Italian energy services group Saipem on last Thursday said it was awarded two contracts, in Romania and Germany, for a total value of around 1.8 billion euros ($1.97 billion). Reuters reports. The contract in Romania, which was awarded by the country's top oil and gas firm OMV Petrom, relates to the Neptun Deep Gas Development Project located in the Black ...
Romania to revive Tarnita-Lapustesti pumped hydropower plant project
Thursday, August 3, 2023
The company that manages the Romanian state’s participation in energy companies, SAPE, is carrying out consultations until August 8 in order to eventually contract a feasibility study on the Tarnita-Lapustesti reversible, pumped hydropower plant, the Ministry of ...
OMV Petrom posts 80 pct lower H1 net profit
Thursday, August 3, 2023
OMV Petrom ended H1 2023 with a net profit of 944 million RON, by 80 percent lower compared to the net result of 4.646 billion RON recorded in the same period last year, shows financial data submitted to the Bucharest Stock Exchange on Friday.In Q2 2023, OMV Petrom reported a loss of 537 million RON, as to a net profit of 2.898 billion RON in Q2 2022, and of 1.481 billion RON in Q1 2023.Total sales revenues over January - June 2023 stood at ...
Neptun Deep will have rd 20 billion euros in contribution to state budget during project
Thursday, August 3, 2023
The Neptun Deep project will contribute to the future of energy security in Romania and in the region and during the project it will have a contribution to the state budget estimated at approximately 20 billion euros, Christina Verchere, CEO of OMV Petrom, said."Neptun Deep is a strategic project both for us and for Romania. The final investment decision for Neptun Deep, made in June 2023, allows us to move to the execution phase of the project. This will be ...
ANRE: 10,509 MW renewable energy projects capacity could be put into operation by 2028
Thursday, August 3, 2023
Renewable energy projects with a total capacity of 10,509 MW could be put into operation in the next period, of which 5,911 MW wind energy and 4,598 MW solar panel, according to data provided by the National Energy Regulatory Authority.Thus, according to the data submitted to ANRE by the transmission system operator (CNTEE Transelectrica SA), based on the list of technical connection approvals (TCA) and connection contracts (CC) issued for ...
Gas stocks in warehouses exceed 2.4 billion cubic meters
Thursday, August 3, 2023
Romania's natural gas stocks in storage warehouses exceeded 2.4 billion cubic meters on Thursday, and by November 1, the 90% target set for the winter of 2023-2024 will be exceeded, announced the former Minister of Energy, Virgil Popescu."Today Romania's natural gas stocks, from warehouses, have exceeded 2.4 billion cubic meters - 2403.9 million cubic meters! The degree of filling is 76.47% and by November 1 we will exceed the 90% target, for the ...
HELLENiQ Energy enters Romania’s solar power market with 811 MW in projects
Thursday, August 3, 2023
HELLENiQ Energy has entered the Romanian renewables market through the acquisition of four photovoltaic projects totaling 211 MW from Mytilineos, https://balkangreenenergynews.com/ reads. According to the deal between the ...
Works resume on Iernut power station
Thursday, August 3, 2023
Romgaz, through the Iernut Electric Power Production branch, on Tuesday handed over to Duro Felguera SA the location for the start of works to achieve the investment objective Iernut power station, a new thermoelectric plant with a combined cycle that involves gas turbines.The Iernut thermal power station is strategically positioned at the heart of Romania's national power grid. This project is designed to cover the national electricity consumption by acting ...
Coal production down 9.4% in the first five months of 2023; imports down 59.6%
Thursday, August 3, 2023
The net coal production of Romania meant, in the first five months of this year, 1.08 million tons equivalent oil, being by 9.4% (112.000 tep) smaller than that of the similar period of 2022, according to the centralized data by the National Institute for Statistics (INS). During the mentioned period, Romania imported 101,900 53 tep coal, by 150.300 tep (59.6%) lower than the quantity imported the ...
Enel Green Power Romania has commissioned its largest photovoltaic park with capacity of 63 MW
Thursday, August 3, 2023
Enel Green Power Romania, the business line dedicated to renewable energy production of the Enel Group in Romania, has commissioned Calugareni Solar PV Park, southern Giurgiu county, and has completed its takeover from Mytilineos, the company announced on Monday in a press release.Calugareni Solar PV Park covers an area of 88 hectares and has around 120,000 photovoltaic panels."With an installed capacity of 63 MW and an annual electricity ...
Danish European Energy wants to develop green hydrogen, e-methanol production plants in Romania
Thursday, August 3, 2023
Danish European Energy is contemplating developing plants for the production of green hydrogen and e-methanol in Romania after the company announced the completion this year of the world's largest production facility for the two types of fuel."National economies must reach climate neutrality not only by improving their energy mix, but also by decarbonising heavy industry and transport, addressing process differences and facilitating the expansion of ...
Orange Romania Installs Solar Panels on Data Center in Timisoara
Thursday, August 3, 2023
Orange Romania advances towards sustainability by embracing renewable energy solutions. The telecom giant expands its solar panel installations across communication centers and telecom stations, significantly reducing its carbon footprint and contributing to environmental protection, informs. Orange Romania has announced significant advancements in its journey towards sustainability in a determined ...