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Energy & Environment
Financing for energy efficiency in industry – call for projects open until February 15 at the Ministry of Energy
Thursday, January 26, 2023
Up to February 15, industrial companies are expected to submit applications for funding through NRRP for integrated investments aimed at increasing energy efficiency in industry. The first call under the NRRP I5 measure, concluded in September 2022, attracted 14 calls for funding and led to the modification of eligibility conditions in response to market requests. The budget of the entire support scheme ...
A new start for the energy performance of buildings – Mc001/2022 has been approved
Thursday, January 26, 2023
On January 17, 2023, it appeared in the Official Gazette no. 46 MDLPA order no. 16/2023 for the approval of the technical regulation “Methodology for calculating the energy performance of buildings, reference Mc001-2022”. The majority of specialists expect a “paradigm change that will lead to an increase in quality in the building sector”, according to Prof. Dr. ...
Romgaz’s operating revenues for 2023 are estimated at over 10.3 billion lei
Thursday, January 19, 2023
Revenues from exploitation of the National Society for Natural Gaz Romgaz for 2023 are estimated at the level of 10.324 billion lei, according to the draft of the budget for income and expenses to be approved by the shareholders on 20th February.The revenues from gas delivered from domestic production by Romgaz (without associations, without the gas for electricity production) fundamented on the basis of the quantities of natural gas estimated to be ...
Romgaz is expected to pay over 906 million lei, in the account of the solidarity tax
Thursday, January 19, 2023
The National Society for Natural Gas Romgaz is going to pay 906.104 million lei in the account of the solidarity tax, the sum being included in the draft of the budget for income and expenses on 2023, to be approved by the shareholders on 20th February. Thus, according to the draft, published on the company site, under the chapter expenses with taxes, taxes and similar liabilities are included: expenses on royalties ...
Romania, Bulgaria to build two hydropower plants on Danube
Thursday, January 19, 2023
* Bulgaria hopes the two new power plants – to be jointly operated by the two neighbouring states – will boost its energy independence and be up and running with five or six years, https://balkaninsight.com/ reads. Romania and Bulgaria plan to build two hydropower plants on the Danube to be used jointly on the model of the Iron Gates ...
Romania slashes rooftop solar module VAT rate to boost domestic uptake
Thursday, January 19, 2023
Romania has announced a reduction in value-added tax (VAT) for solar PV modules, reducing the tax from 19% to 5% as of this week in a move designed to boost self-consumption and solar uptake across the country, https://www.pv-tech.org/ ...
Final electricity consumption down 6.8 pct in first eleven months of 2022
Thursday, January 19, 2023
Final electricity consumption totaled 47.386 billion kWh in the first eleven months of last year, down 6.8% compared to the corresponding period of 2021, while final consumption of electricity in the economy decreased by 5.9%, informs the National Institute of Statistics (INS) on Monday.Public lighting decreased by 4.1%, and population consumption went down by 9.3%.The export of electricity was 6.542 billion kWh, an increase of 1.198 billion kWh. ...
EnergMin Popescu: Romania is interested in becoming active within World Green Economy Organization
Thursday, January 19, 2023
Energy Minister Virgil Popescu says that he has told Director General of the World Green Economy Organization Abdul Rahim Sultan that Romania is interested in becoming active within the organisation to speed up its transition to a sustainable green economy."Today, I had a working meeting with AbdulRahim Sultan, the general director of The World Green Economy Organization (WGEO). I made known Romania's interest in becoming active within the organisation to ...
Nuclearelectrica expects drop in profit in 2023
Thursday, January 19, 2023
Nuclearelectrica [BSE: SNN], the operator of Romania's sole nuclear power plant (NPP) Cernavoda, said that it is expects its net profit to fall by 38.5% this year to 1.56 billion lei ($342 million/ 316 million euro) due to an energy solidarity tax introduced by the government. The company estimates that its spending will increase by 60% to 5.8 billion lei in 2023, mostly due to a 2.5 billion lei ...
MOL Romania expands fuel retail network with 14 new stations
Thursday, January 19, 2023
The sites were completed as part of an investment project the retailer managed alongside the National Road Infrastructure Management Company. MOL Romania has completed an investment project for the opening of 14 new service stations throughout several highways. With these inaugurations, the fuel retailer has completed the service concession contract signed with the National Road Infrastructure ...
Hidroelectrica is to collaborate with Emirati company to produce renewable energy
Thursday, January 19, 2023
Masdar company from the United Arab Emirates and Hidroelectrica company will collaborate for the production of renewable energy, with discussions at technical level already being in progress, and TAQA company is also interested in the development of energy transport infrastructure projects, Energy Minister Virgil Popescu wrote on Friday, on his Facebook page."Within the working visit to the United Arab Emirates, where the 13th session of the International ...
President Iohannis promulgates law on regulation of offshore oil operations
Thursday, January 19, 2023
President Klaus Iohannis promulgated, on last Thursday, the normative act that modifies and supplements Law no. 165/2016 regarding the safety of offshore oil operations.According to the explanatory, the initiative aims at the implementation and correct application of EU Directive 2013/130 on the safety of offshore oil and gas operations and modification of the EC Directive 2004/35.The law aims to define specific terms for offshore activity, terms that ...
President Iohannis promulgates law on 5pct VAT on delivery, installation of heat pumps, photovoltaic, solar panels
Thursday, January 19, 2023
On last Thursday, President Klaus Iohannis promulgated a law that provides for cutting the value-added tax (VAT) rate from 19% to 5% on the delivery of heat pumps, photovoltaic and solar panels.The law stimulating investment in energy efficiency supplements Article 291 (3) in Fiscal Code Law 227/2015 by reducing the VAT rate levied on the supply of heat pumps, photovoltaic panels and solar thermal panels from a standard 19% to 5% in order to reduce the consumption ...
Nofar Energy to invest 500 mln euro in Romania
Thursday, January 19, 2023
Israel's Nofar Energy intends to invest 500 million euro ($543 million) in the next two years to develop solar energy projects in Romania, it said. Nofar Energy already has in its portfolio projects in Romania with a total capacity of over 600 MWp, which it will implement in the second part of 2023 and will deliver energy into the national system starting 2024-2025, it said in a press release on ...
European Energy – Local green projects of 1 GW in the medium term, increased interest in Power-to-X
Thursday, January 19, 2023
European Energy is pursuing its expansion of activities in Romania, having under development a pipeline of 984MW renewable energy with 859MW in solar and 125MW wind. The first solar park project of 20MW is ready to build and the construction is scheduled to start within 2023. We have also received grid connection approval for another 125MW PV project which is well under project development progress and several more projects are following within the next years, ...
EPG: Romania needs 15 GW of offshore wind power, it must partner with Bulgaria
Thursday, January 19, 2023
Offshore wind power has a major role to play in Europe’s goals to reduce dependence on fossil fuel imports and decarbonization by 2050, at a time when the European Union’s (EU) interests in energy security and climate goals are aligned. The same principle is also valid for Romania, which would need the development of 15GW of offshore wind energy capacities in the Black Sea, i.e. the exclusive economic zone (EEZ), in order to achieve climate neutrality by ...
PM Ciuca met with representatives of state-owned gas company Romgaz
Thursday, January 12, 2023
Prime minister Nicolae Ciuca met on Tuesday at the Victoria Palace of Government with representatives of state-owned gas company Romgaz to look into aspects related to gas production and the commissioning of new wells, a government release informs.According to the cited source, the involvement of Romgaz in the Black Sea offshore projects, including Neptun Deep, was presented at the meeting, as well as the development of the project of the Iernut power plant ...
E.ON built a photovoltaic plant of 1.1 MW for Transparent Design
Thursday, January 12, 2023
E.ON Energie Romania built a photovoltaic unit of 1.1 MW for Transparent Design, the biggest processor of flat glass in Romania, investment of almost 1.6 million euro ensuring almost 25% of the energy necessary for the plant in Popesti Leordeni, Ilfov county. The plant will produce 1,460 MWh of electricity per year. The carbon dioxide emissions will be ...
Romgaz allocates 3.7 million lei for works of installation for fire prevention devices
Thursday, January 12, 2023
The National Society for Natural Gas Romgaz allocates a budget of 3.7 million lei, without VAT, for works of installation for fire prevention devices and announces the launching of a public bid for which offers can be sent until the 9th February 2023.According to an announcement published on the Electronic System of Public Acquisitions (SEAP), the objective of the bid represents design, supply, installation and commissioning of a gas-fire-smoke detection system at ...
Lukoil studies potential sale of assets in Romania and Moldova
Thursday, January 12, 2023
The energy company Lukoil is assessing this possibility in relation to EU sanctions on Russian oil firms after the country’s invasion of Ukraine, https://www.petrolplaza.com/news ...