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Energy & Environment
Minister Burduja: We can put 735 MW of clean energy capacity into operation by the end of next year
Thursday, July 20, 2023
Romania will have access to more clean energy in the coming years, and by the end of next year, capacities of 735 MW of installed power could be put into operation, according to the Minister of Energy, Sebastian Burduja."We are building the Romania of the Future every day. Today we signed the financing contracts for 8 photovoltaic parks, strategic investments supported by 70% of the Modernization Fund. Hundreds of millions of euros for Romania's green ...
Romania's primary energy output, up 3.4 pct in first 5 months of 2023
Thursday, July 20, 2023
Romania's primary energy output increased by 3.4% in the first five months of the year, compared to the same period in 2022, while imports decreased by 6%, the National Institute of Statistics (INS) reported on Monday.According to INS data, domestic production totaled 7.688 million tonnes of crude oil equivalent (toe), up 251,900 toe (+3.4%) compared to the period 1 January - 31 May 2022, while imports totaled 5.857 million toe, down 374,400 toe ...
Romania urged to submit reports on achieving 2020 energy efficiency objectives
Thursday, July 20, 2023
The European Commission has decided to to send reasoned opinions to Croatia, Hungary, and Romania for failing to comply with reporting obligations under Regulation (EU) 2018/1999 on the Governance of the Energy Union and Climate Action.In particular, the European Commission is calling on Croatia to fully report on the achievement of its 2020 targets for energy efficiency and share of energy from renewable sources in the dedicated E-platform. It is also ...
EIB to support Green Deal Industrial Plan with €45 billion in additional financing
Thursday, July 20, 2023
EU Bank raises size of its REPowerEU package by 50%, expands eligibilities to finance manufacturing in state-of-the-art Strategic Net-Zero Technologies Additional funding is expected to mobilize over €150 billion in investment by ...
EnergMin Burduja urging Romanians to invest in capital market, Hidroelectrica
Thursday, July 13, 2023
The interest of retail investors has also been visible in the listing of Hidroelectrica and we very much insisted that the tranche for retail investors be 20% of what was listed, Energy Minister Sebastian Burduja said on Wednesday at the listing of the Hidroelectrica company with the Bucharest Stock Exchange (BVB)."I want to thank the Proprietatea Fund and Franklin Templeton for this agreement to make as many shares available to Romanian investors, to the ...
Isarescu, about listing of Hidroelectrica: Bucharest Stock Exchange is taking its maturity exam today
Thursday, July 13, 2023
The Bucharest Stock Exchange is taking its maturity exam with the listing of Hidroelectrica, a leader in electricity production and the main supplier of technological services needed in the national energy system, the governor of the National Bank of Romania, Mugur Isarescu, said on Wednesday."We are honored to host the event occasioned by the stock market listing of Hidroelectrica, a leader in electricity production and the main provider of ...
Romania's primary energy production expected to grow by 5.6pct annually in 2023-2026
Thursday, July 13, 2023
Romania's primary energy production should grow by an average annual rate of 5.6% in 2023-2026, according to the latest estimates of the National Economic Strategy and Forecasting Board (CNSP).The production of hydroelectric power for the year 2023 should have an estimated value of 1.707 million tons of oil equivalent (toe), while in 2024 it should decrease by 10.4%, under normal weather conditions, while the production of wind power for the year 2023 should ...
Schneider Electric Unveils an Industry-First Free Carbon Calculator for
Thursday, July 13, 2023
Schneider Electric™, the global leader in the digital transformation of energy management and automation, unveiled a new framework to help companies understand the full environmental impact of enterprise data centers. The framework, detailed in a ...
Romania announces new framework for hydrogen energy integration
Thursday, July 13, 2023
The Romanian parliament has recently adopted a new law on the integration of hydrogen from renewable and low-carbon sources in the industry and transport sectors. The long awaited Hydrogen Law establishes obligations on fuel suppliers to provide fuels from renewable sources and sets minimum percentages of hydrogen from renewable sources in fuel used in Romania, ...
First photovoltaic and wind power plant in Romania concluded in Tulcea
Thursday, July 13, 2023
Parapet, a construction company in the solar energy sector with offices in Cluj-Napoca and Nuremberg, and Blue Line Energy, a renewable energy producer and ESRE license holder since 2007, announce the completion of the construction of a 1.1 MW photovoltaic power plant, installed inside the Be?tepte wind park, Tulcea County. It is the first hybrid project to produce energy from renewable sources in the country, according to data from the national electricity transmission ...
Energy sector development to achieve climate neutrality will benefit people
Thursday, July 13, 2023
Developing the energy sector to achieve climate neutrality will bring benefits to the population, both in terms of energy availability, prices, and also in terms of social welfare and social security, senior official with Romania's Ministry of the Environment, Waters and Forestry (MMAP) Ionut-Sorin Banciu told an informal meeting of EU environment ministers on Tuesday."Developing the energy sector to achieve climate neutrality will bring benefits to the ...
Just energy transition for communities: From risk to opportunity - Galati, case study in the context of a just green transition
Thursday, July 13, 2023
Six counties in Romania, collectively responsible for 65% of national greenhouse gas emissions, will benefit from more than €2.2 billion in non-reimbursable funds through the Just Transition Operational Programme (POTJ) to mitigate the negative social effects of the transition to a low-emission economy, according to a study by the Friedrich Ebert ...
Hidroelectrica IPO values group at EUR 9.5bn
Thursday, July 6, 2023
Romania’s Hidroelectrica SA on Wednesday announced the pricing of its initial public offering (IPO) at RON 104 per share, implying a market value for one of the largest hydropower producers in Europe of RON 46.8 billion (USD 10.3bn/EUR 9.5bn). The IPO will see Fondul Proprietatea SA, an alternative investment fund managed by Franklin Templeton International Services SARL, sell roughly 78 million shares. Including the overallotment, the volume ...
E.ON: Demand for prosumer solar installations increased by 65% in the first five months
Thursday, July 6, 2023
Between January and May 2023, demand for panels dedicated to residential prosumers continued to grow, recording a 65% advance compared to the same period last year, E.ON officials claim. Thus, the company has installed almost 300 photovoltaic systems for customers in the residential segment – about 3 per working day. In total, since the launch of the E.ON Solar Home solution, E.ON has installed more than 1,000 photovoltaic systems at home ...
PNE sells 208 MWp TotalEnergies, it has another 1 GW under development
Thursday, July 6, 2023
PNE announces that it has successfully agreed with TotalEnergies Renewables SAS on the sale of five photovoltaic solar projects in Romania. The projects under development have a combined total size of 208-megawatt peak (MWp). The parties to the transaction have agreed not to disclose the purchase price. PNE shall remain responsible for further project development until the ready-to-build stage is achieved. According to the company, the agreement ...
Rompetrol opened two new integrated service centers on A1, near Recas
Thursday, July 6, 2023
Rompetrol Downstream - the retail division of the KMG International Group in Romania, recently opened two new integrated service centers on the A1 Highway (Nadlac - Sibiu section), near the town of Recas in Timis County (km 481+646 left and right). The investment required for the construction of the two gas stations amounted approximately 6.3 million dollars. These two gas stations are part of a package of 12 gas stations that Rompetrol will open on ...
Black Sea Oil&Gas seeking authorisation for first energy corridor Black Sea's Romanian sector
Thursday, July 6, 2023
Black Sea Oil & Gas SA (BSOG), together with its partners in the Midia Natural Gas Development Project (MGD), Petro Ventures Resources and Gas Plus Dacia, has reported the start of the authorisation of an energy corridor in the Romanian sector of the Black Sea along the MGD Project infrastructure.According to a BSOG press statement released on Tuesday, of a designed capacity of 3 GW and a length of 126 km, this first step concerns the authorisation of the first ...
Energy minister signs financing agreement for Electrocentrale Craiova, part of milestone 133 of PNRR
Thursday, July 6, 2023
The Minister of Energy, Sebastian Burduja, and the general director of the Craiova Power Plant Company, Dan Vasile, on Thursday signed the financing agreement for the project "New capacities to produce electric and thermal energy on natural gas in high-efficiency co-generation of 295 MW for Societatea Electrocentrale Craiova SA."This financing is part of the National Recovery and Resilience Plan (PNRR) - investment measure I.3, milestone 133, which is related to payment ...
Employers' assoc: Keeping cap on electricity price reimbursements delays market rebound, detrimental to customers
Thursday, July 6, 2023
Keeping in place the cap on electricity cost reimbursements delays the rebound of the market to the detriment of customers, as the measure is discretionary and unconstitutional, the ACUE Federation of Electric Utility Employers' Associations (ACUE) says in a press release."The ACUE Federation is deeply concerned about the decision to keep in place the cap on the cost of suppliers for the purchase of electricity. Ever since the establishment of this cap, ACUE has warned that ...
Ministry of Energy announces European Commission's last requests to be implemented according to terms in regulation
Thursday, June 29, 2023
The latest requests and observations of the European Commission for the completion of milestones 129 and 133 of the National Recovery and Resilience Plan (PNRR) will be implemented according to the terms provided in the regulation, the Ministry of Energy informs through a press release.The European Commission (EC) issued on Tuesday a positive preliminary evaluation of the second payment request requested by Romania within the PNRR, after analyzing and finding that our ...