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Energy & Environment
Romania to expand clean-energy production with EUR 30 million EIB support
Thursday, March 20, 2025
The European Investment Bank (EIB) is committing up to EUR 30 million to a major wind-power project in Romania, accelerating the country's green transition and energy independence, according to an EIB press release.The EIB support will co-finance a planned second onshore wind farm in Pestera, a village near the city of Constanta on Romania's Black Sea coast.According to the source, the EIB support for 'Pestera II' is a co-investment with ...
Romania to expand clean-energy production with €30 million EIB support for major new wind farm
Thursday, March 13, 2025
EIB commits €30 million to onshore wind farm in eastern Romania near Black Sea Support co-finances “Pestera II” project alongside funds managed by Copenhagen Infrastructure Partners Site near city of Constanta to have total installed capacity of up to 400 megawatts The European Investment Bank (EIB) is committing up to €30 million to a major wind-power project in Romania, accelerating the country’s ...
OMV Petrom, NewMed Energy complete stake transfer to advance exploration in Han Asparuh offshore block
Thursday, March 13, 2025
Integrated energy producer OMV Petrom announced the completion of a stake transfer between its subsidiary OMV Offshore Bulgaria and NewMed Energy Balkan, a subsidiary of NewMed Energy, to the effect that both partners now hold an equal stake of 50% in the Han Asparuh project located in the western Black Sea in Bulgaria, south of the Neptun Deep area in Romania.The partners aim to start drilling an exploration well in 2025, subject to obtaining all necessary ...
EnergyMin Burduja: Romania is closer than ever to goal of becoming energy security provider for EU
Thursday, March 13, 2025
Romania is closer than ever to the goal of becoming an energy security provider for the European Union and the growing interest of the states in the region towards the country, as the main gas producer in the European Union, is just one of the elements that confirm this new role, believes the Minister of Energy, Sebastian Burduja."At the Euro Industry Summit 2025, we spoke about the historical role that Romania is increasingly assuming: that of energy security provider for ...
Hungary Negotiates Gas Purchase from Romania’s Neptun Deep
Thursday, March 13, 2025
Hungary wants to expand its cooperation with Romania in the gas sector to diversify its energy sources, and relevant companies from the two countries are already negotiating an agreement, Hungarian Foreign Minister Peter Szijjarto said on Monday as quoted by Reuters. Szijjarto stressed that Hungary is interested in cooperation with Romania in the energy field, given that Romania is set to become a net exporter of natural gas in the coming period, ...
Romanian Investors Eye Egyptian Oil, Gas Sector
Thursday, March 13, 2025
Three Romanian companies intend to compete for the investment opportunities offered by the Ministry of Petroleum and Mineral Resources (MoPMR) for crude oil and natural gas exploration operations. Ahmed El Sokkary, Chairman of the Egyptian-Romanian Business Council, ...
Burduja: Romania consolidates its prospects as energy hub on Europe's map by participating in Green Corridor project
Thursday, March 13, 2025
Romania is strengthening its prospects as an energy hub on the map of Europe for safer, cheaper and cleaner energy by participating in the Green Corridor project, Energy Minister Sebastian Burduja wrote on his Facebook page on Monday."Today [Monday, editor's note], at the ministerial meeting in Budapest, together with counterparts from Hungary, Azerbaijan, Georgia and Bulgaria, we discussed the Green Corridor, the biggest green energy project in the European Union. It will ...
Analysis: Liberalised natural gas market is the only one that can respond to current challenges
Thursday, March 13, 2025
The liberalised natural gas market is the only one that can respond to the multiple current challenges, including price transparency and competition between different energy sources, according to Chairman of the Intelligent Energy Association (AEI) Dumitru Chisalita."The interconnected and globally functioning system, with access to multiple sources, such as gas from different regions or LNG, ensures the security of gas supply, only at the existence of a fair price. ...
Ministry of Environment: Over 160,000 Romanians will connect to natural gas network
Thursday, March 13, 2025
The government has adopted two normative acts that provide for the connection of over 160,000 Romanians to the natural gas network and compensation for aquaculture activities in protected natural areas, the investment amounting to 1.18 billion lei, the Ministry of Environment, Waters and Forests (MMAP) announced on Friday."The Executive approved yesterday (Thursday, ed. n), in a Government meeting, at the proposal of the Ministry of Environment, Waters and Forests, ...
CERONAV ensures training of personnel involved in Neptun Deep project
Thursday, March 13, 2025
The Romanian maritime training centre CERONAV (Romanian Center for Training and Development of Naval Transport Personnel) ensures the training of personnel involved in the Neptun Deep project to the highest standards, guaranteeing the safety and efficiency of offshore personnel, the institution informs in a press release sent on Friday."The successful collaboration between CERONAV and Transocean within the Neptun Deep project marks an important step for maritime ...
Investments of 10 million euros in assembly factory for renewables industry components in Jiu Valley
Thursday, March 13, 2025
RenewAcad, a brand belonging to Wind Power Energy, launched on Wednesday, in Petrila, Hunedoara County, a project to establish an assembly plant for renewable energy industry components, the investment value being about 10 million euros, with the financing being provided by the Just Transition Program."The Petrila factory will be built on the former industrial platform of the Petrila Mine and will produce components for batteries for energy storage, robots for cleaning ...
Hidroelectrica, Romgaz, Nuclearelectrica state-owned companies to pay dividends from profit
Thursday, March 13, 2025
Hidroelectrica, Romgaz and Nuclearelectrica are the first three state-owned companies to distribute dividends from profits to the national budget in 2023, Deputy Secretary General of the Government Adrian Tutuianu said on Thursday.He added that the report on the activity of public enterprises for 2023 was presented on Thursday at a government meeting. Before Law 187/2023, the report was prepared by the Ministry of Finance, but it is currently the responsibility of the ...
U.S. company Expro, awarded major contracts for Neptun Deep project
Thursday, March 6, 2025
Expro, a leading provider of energy services has been awarded major contracts from OMV Petrom, totalling more than 10 million USD for the Neptun Deep gas project in the Black Sea, a company press release informs.The contracts involve a series of Expro technology and services to support the project in offshore Romania. The two contracts mark the latest stage in Expro's growth in Romania. Recent investments by the company include opening a new office in ...
Minister Burduja:We end cold season with almost 1 bn cubic meters of gas in storage
Thursday, March 6, 2025
Romania ends the cold season with almost one billion cubic meters of gas in storage and from March 12, on certain storages, the injection cycle will restart, the Minister of Energy, Sebastian Burduja announced on Wednesday."Romania is ending the cold season with almost one billion cubic meters of gas in storage and, from March 12, as I was informed, the injection cycle will restart on certain storage facilities. So, we are starting to refill them. Moreover, ...
Business opportunities in Central America for Romanian companies in renewable energy sector
Thursday, March 6, 2025
The renewable energy industry, mainly offshore wind energy, has been identified as the main area in which the business communities of Romania and the Republic of Panama can cooperate, given the European experience of Romanian entrepreneurs, according to a press release from the Chamber of Commerce and Industry of Romania (CCIR).As part of the economic mission carried out in Central America, the CCIR leadership and representatives of the companies that are ...
Hidroelectrica: Establishing different offers for prosumer end customers is based on objective and fair reasons
Thursday, March 6, 2025
The establishment of different offers for end customers with prosumer status is based on objective and fair reasons, considering the impact produced by prosumers on the balance of the network and the additional costs that this impact implies, claim Hidroelectrica representatives, in a press release sent on Tuesday.The energy producer thus responded to the press release issued on Monday by the Association of Energy Prosumers and Communities (APCE), ...
Eurowind to Build Europe’s Largest Wind Farm in Romania
Thursday, March 6, 2025
Danish developer Eurowind has submitted an application to Transelectrica for the connection of a huge wind farm to be built in Botosani County. With a capacity of almost 1,200 MW, it would be the largest onshore wind farm in Europe at this time. The project is at an early stage. The Botosani Wind Power Plant (WPP) project will actually be a complex of nine parks located in ...
MET group begins construction of a solar park in Romania
Thursday, March 6, 2025
Swiss-based company with Hungarian roots, MET Group, is expanding its presence in the Romanian renewable energy market, https://ceenergynews.com/ reads. The company is constructing an 80 megawatt-peak (MWp) solar project in Rascaeti, Dambovita ...
Ministry of Energy: 105 new financing contracts of over 167 million RON for energy investments
Thursday, March 6, 2025
The Minister of Energy, Sebastian Burduja, signed, on Friday, financing contracts of over 167 million RON with 105 other public entities for investments in new capacities to produce electricity from renewable sources for self-consumption, financed from the Modernization Fund, informs a press release sent on Saturday.According to the quoted source, the approach reflects the commitment of the Ministry of Energy for a sustainable energy future, ...
Rompetrol Rafinare's results in 2024, influenced by turnaround, volatile quotes and margins
Thursday, March 6, 2025
Rompetrol Rafinare, member company of the KMG International Group, recorded, in 2024, a consolidated gross turnover of 4.9 billion dollars and an operational profit (EBITDA) of 174 million dollars. At the same time, the company significantly improved its net result, compared to that of 2023, which was still negative (78.4 million dollars, of which over 74% was generated by the petrochemical ...