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Energy & Environment
Radisson Blu Hotel Bucharest becomes the first hotel in Romania with 100% renewable energy
Thursday, February 10, 2022
Radisson Blu Hotel, Bucharest announces that starting January 2022, the electricity contract ensures 100% energy from renewable sources. Through this initiative, Radisson Blu Hotel, Bucharest also announces the extension of its Green Key certification, obtained 9 years ago. Green Key certification is an important international recognition for companies that participate intensively in tourism development by carrying out an ...
Bulgargaz has sold 37,600 MWh of natural gas to Romania
Thursday, February 10, 2022
Bulgarian has supplier Bulgargaz has sold 37,600 MWh of natural gas to Romania. There were rumors that it was almost double the amount, but they were denied by the authorities, Bulgarian Energy Minister Alexander Nikolov on Sunday denied allegations that the new management team at the Bulgarian gas supplier sold 60,000 MWh of natural gas to Romania in accordance with a series of previously agreed ...
Capping gas prices will lead to new price increases in April (Intelligent Energy Association)
Thursday, February 10, 2022
Capping the price of gas was a useless measures and, worse, will determine new price increases starting with April, according to an analysis conducted by the Intelligent Energy Association, sent, on last Monday."The median price of natural gas at the end consumer in November 2021, according to INS [the National Institute of Statistics] data, is around 220 RON/MWh. Thus, apparently, the capping of the final price of natural gas at a value of 370 RON/MWh and ...
OMV Petrom posts net profit of 2.86 billion lei last year, up 122%
Thursday, February 10, 2022
OMV Petrom posted a net profit of 2.86 billion lei last year, 122% higher than the previous year, according to a release sent on last Thursday.Sales revenues increased by 32% to 26 billion lei."Our results in 2021 are supported by a strong oil market environment, the excellent use of our assets and the increase in energy demand. However, the result of the exploitation of CCA EBIT excluding special items is below the value recorded in 2019. The ...
New gas distribution networks for 45 localities to be financed with European funds through the POIM
Thursday, February 10, 2022
The Managing Authority for the Large-Scale Infrastructure Operational Programme (POIM) in the Ministry of European Investment and Projects announced the completion of the evaluation of applications for funding submitted in the second session of the call “Development of smart gas distribution networks”. 15 ...
Visa calls for standardized seamless, interoperable payments in electric vehicle charging
Thursday, February 10, 2022
Visa has launched a call to standardize the systems for seamless, interoperable payments in electric vehicle (EV) charging points across Europe. The company believes that the European EV charging industry should commit to providing consumers with the freedom to pay with their chosen method – primarily by adopting open-loop and interoperable payments. At present, there is no widespread industry standard for payment ...
Michal Wendolowski (Bellona Europa): An EU strategy for CCS would help a lot, as the focus has changed
Thursday, February 10, 2022
Looking forward to see more development around Carbon Capture & Storage – CCS in the wider Central and Eastern European region, Michal Wendolowski, Climate Technology and Policy Manager at Bellona Europa, shared some thoughts with us at EnergynomicsTalks. We focused on Romania and Poland, with respect to what the two countries could do for tackling ...
EU Taxonomy: Commission presents Complementary Climate Delegated Act to accelerate decarbonisation
Thursday, February 3, 2022
The European Commission has Wednesday presented a Taxonomy Complementary Climate Delegated Act on climate change mitigation and ...
Enel X Romania last year brought into operation 25 photovoltaic plants with a total rated power of about 10 MW
Thursday, February 3, 2022
Enel X Romania, part of EnelX Global Retail, the international business division of the Enel Group, brought into operation 25 photovoltaic plants with total nominal power of approximately 10 MW. The photovoltaic units installed in 2021 contributed to the reduction by almost 4,000 tons/year of the carbon dioxide emissions. In 2022, Enel X Romania proposes to reach a rated contracted power of ...
Distributie Oltenia announces investments of 76 million lei, European funds for a smart distribution network
Thursday, February 3, 2022
The operator Distributie Oltenia announced on Monday that they started the project Advanced Distribution Management System, for the development of a smart network of distribution, for the benefit of the ove 1.4 million electricity users and the value of the project is 76 million lei, out of European Funds. ‘The strategic project is an advanced system of distribution management, a software platform which ensures the ...
Competition Council authorized takeover of wind energy producer Ecoenergia by Premier Energy
Thursday, February 3, 2022
The Competition Council authorized the transaction by which Premier Energy PLC, Cyprus, takes over the wind energy producer Ecoenergia SRL, Romania, according to a press release of the competition authority sent on Tuesday. Premier Energy is a company that carries out only holding type activities, and owns directly and indirectly, shares in various companies in Romania and ...
ENEL ENERGIE AND ENEL ENERGIE MUNTENIA WILL ISSUE, RECALCULATED, THE BILLS THAT INCLUDE THE ELECTRICITY COMPENSATION SCHEME
Thursday, February 3, 2022
The eligible Enel Energie and Enel Energie Muntenia customers benefit from the provisions of the compensation scheme for the electricity and natural gas consumption in the cold season 2021-2022, which is also reflected in the bills issued in December and January, for the period consumption November, December and partly January. For the consumptions included in the electricity compensation ...
Oltenia Energy Complex welcomes European Commission's decision to approve restructuring aid
Thursday, February 3, 2022
The leadership of the Oltenia Energy Complex (CEO) welcomes the decision of the European Commission, announced on January 26, to approve the restructuring aid of up to 2.66 billion euros (13.15 billion RON) ensuring the revitalisation and long-term viability of one of the key companies of the National Energy System.According to the president of the Oltenia EC Directorate, Daniel Burlan, quoted in a company statement, "the decision of the ...
AFEER: Energy suppliers will have losses since drawing up bills
Thursday, February 3, 2022
Energy suppliers will have losses once they start drawing up the bills, because the price established through the new bill compensating ordinance is smaller than the company's costs, according to a press release sent by the Romanian Power Suppliers Association (AFEER) on Friday.AFEER considers that helping consumers, especially household consumers, during cold season is useful, and necessary, but it needs to be made as simple and clear as ...
Bosch expands its energy efficiency and green energy production projects in Blaj
Thursday, February 3, 2022
Bosch plant in Blaj reduces its energy consumption generated by its operations by approximately 10 percent. In 2021, the Blaj location was taking the first step towards producing its own green energy by installing photovoltaic panels, thus paving the way for a more sustainable production activity. In addition, the company is encouraging the transition to electromobility by installing, at the end of 2021, two charging stations for electric vehicles for factory employees ...
Finacon will update the energy efficiency plan of Timisoara
Thursday, February 3, 2022
Finacon International Consulting SRL from Bucharest will perform the management services from the energy efficiency improvement program (PIEE) for Timisoara, according ...
European Commission approves restructuring aid of up to 2.7 billion euros for Oltenia Energy Complex
Thursday, January 27, 2022
The European Commission (EC) has approved, in accordance with EU state aid rules, Romania's plans to provide a restructuring aid worth up to 2.66 billion euros (13.15 billion lei) to Oltenia Energy Complex, announces the EC Representation in Romania.According to a release from the EU executive, the measure will allow the company to finance its restructuring plan and restore its long-term viability."The restructuring plan presented by Romania and ...
TSO Transgaz plans joint venture with FII3M for H2 projects
Thursday, January 27, 2022
Transgaz (BVB: TGN), the natural gas transport system operator (TSO) in Romania, got shareholders' approval for hiring a legal consultancy firm in order to analyze and negotiate the legal, financial and commercial conditions for the association with the Investment Fund of the Three Seas Initiative (FII3M) to attract total funding of up to EUR 626 mln for developing natural gas and hydrogen mixed transport infrastructure projects.The estimated value of the legal ...
The state must decide on the investment in the refurbishment of reactor 1 at the Cernavoda nuclear power plant
Thursday, January 27, 2022
The Ministry of Energy, as the majority shareholder (82.5%) of the nuclear company Nuclearelectrica (SNN), the operator of the Cernavoda nuclear power plant, will have to decide in about a month whether to approve the company's final investment decision on the refurbishment of one of its two reactors (Unit 1). The project involves the shutdown of the reactor for two years - in 2027-2029. At this moment, such a shutdown ...
EDP Renováveis seeks expansion in Romania by takeovers and organic growth
Thursday, January 27, 2022
The Portuguese group EDP Renováveis (EDPR), the fourth-largest producer of renewable energy in the world and an important player in Romania, is developing a new 70 MW wind farm in the eastern part of the country and seeks to take over several photovoltaic parks and wind farms in other parts of the country. EDPR currently operates in Romania photovoltaic parks with a total cumulative installed capacity of over 520 ...