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Energy & Environment
Romania's gas imports almost 20 pct up in H1, domestic production advances 1.3 pct
Thursday, August 29, 2024
Romania's net gas imports in H1 2024 amounted to 834,800 million tons of oil equivalent (toe), 19.9 percent up (+138,800 toe) from the same period of the previous year, shows data released on Thursday by the National Institute of Statistics (INS).The domestic production of natural gas in the reporting period totaled 3.8 million toe, up 1.3 percent (+48,600 toe) year-over-year.According to estimates by the National Economic Strategy and Forecasting Board (CNSP), ...
Ukrainian DTEK To Build Fourth Solar Park In Romania
Thursday, August 29, 2024
The Ukrainian group DTEK is building, through DRI, its Amsterdam-based subsidiary, a new photovoltaic energy production project in Romania. It is about a large park in Glodeni commune, Mures county, next to the 53 MW solar park that the company already owns there. The two combined projects will thus form one of the largest photovoltaic parks in the country. Glodeni II is DRI’s fourth photovoltaic project in our country, ...
Backing Romania’s green ambition with €110 million finance package
Thursday, August 22, 2024
EBRD and Raiffeisen Bank International provide €110 million package for two solar plants in Romania, with InvestEU guarantee Plants totalling 300 MW will generate 386 GW/h of renewable energy a year EBRD is a leader in green finance and strong supporter of Romania’s renewables ...
CNE Cernavoda produced and delivered in SEN a quantity of electricity of 4,756 GWh, in the first quarter
Thursday, August 22, 2024
CNE Cernavoda produced and delivered in the National Energy System (SEN) in the first quarter of 2024 a quantity of electricity of 4,756 GWh with 3.3% lower than the similar period of last year, according to a report of Nuclearelectrica sent to the Stock Exchange of Bucharest. 'The gross production of electricity of the two operational units of CNE Cernavoda was 5,178,220 MWh in the first quarter of 2024 (out of which 2,177,928 MWh in Q2 2024); out ...
Primary energy and electricity resources, down in first half year, electricity consumption up by 0.8 pct
Thursday, August 22, 2024
Romania's primary energy resources decreased by 2.9%, in the first six months of the current year, compared to the same period in 2023, and those of electric energy decreased by 1.5%, according to the data published on Tuesday , by the National Institute of Statistics (INS).In the analysed interval, the main primary energy resources totaled 15.658 million tonnes of oil equivalent (toe), down by 472,200 toe.Also, domestic production amounted to 8.535 million tep, ...
Romania Holds 2.8 Billion Cubic Meters Of Gas In Storage Facilities
Thursday, August 22, 2024
Romania currently has 2.8 billion cubic meters of gas in its underground storage facilities, which represents over 88% of the total storage capacity, according to a statement from the Ministry of Energy. The European Commission’s Implementing Regulation (EU) 2023/2633 (dated November 20, 2023) stipulates that Romania was required to have its storage facilities filled to 65% by July 1 and to 85% by September ...
BCR & Erste Group Fund Nala Renewables’ €214M Romanian Wind Project
Thursday, August 22, 2024
Nala Renewables, a global power and renewable energy investment platform and independent power producer (IPP), signed a financing package for the EUR 214 million acquisition and construction of a 99.2 MW onshore wind project. Banca Comerciala Romana SA and Erste Group AG will finance the project costs and provide ancillary facilities as sole lenders, BCR making available also the VAT facility and acting as a facility agent, security agent and account ...
Romania's energy output down in H1 amid hydropower dip
Thursday, August 22, 2024
Romania's energy output fell by an annual 5.6% in the first six months of 2024, to 8.536 million tonnes of oil equivalent (TOE), as the the output of hydropower stations fell by an annual 24.1% to 8.632 TWh, the statistical office said, citing provisional data. Romania's energy resources, including imports, totalled 15.659 million TOE in the six months through June, down 2.9% on the year, the statistical office said in a statement on Tuesday. Imports ...
Transelectrica ends first half of 2024 with net profit of 264 million RON
Thursday, August 15, 2024
National Power Grid Company Transelectrica, recorded a net profit of 264 million EON in the first half of 2024, up 63% compared to the same period of the previous year, according to a report submitted Wednesday to the Bucharest Stock Exchange.The gross result increased from 179 million RON in the first six months of 2023 to 283 million RON in H1 2024, mainly due to the increase in the volume of energy priced at the tariffs approved by ANRE, revenues from CPT transactions ...
Nuclearelectrica H1 2024 net profit declines 34.6pct to RON 843 million
Thursday, August 15, 2024
The Nuclearelectrica National Corporation (BVB symbol SNN) has reported a net profit of RON 843.135 million in the first half of 2024, down 34.6% year-on-year according to a report submitted on Wednesday to the Bucharest Stock Exchange (BVB).Operating profit (EBITDA) decreased by 27.8% compared to the same period last year, significantly influenced by a 43.2% decrease in sold electricity prices, for a similar amount of electricity sold.Operating income decreased ...
Rompetrol Rafinare's results, declining in the first half of 2024
Thursday, August 15, 2024
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), recorded, in the first half of 2024, a gross turnover of 2.1 billion dollars and an operational result (EBITDA) of almost 45 million dollars, indicator that measures the company's profitability before deducting depreciation, interest, fees and taxes. The financial results were influenced by the planned shutdown of the Petromidia refinery, between March and May 2024, but ...
Romgaz H1 consolidated net profit up by almost 9 pct from previous year
Thursday, August 15, 2024
National Gas Company Romgaz posted a consolidated net profit of RON 1.837 billion for H1, 8.99 percent or RON 151.57 million higher year-over-year, shows a report sent on Wednesday to the Bucharest Stock Exchange.According to the cited source, a positive influence on this result came from the cancellation, starting from 2024, of the solidarity contribution (in H1 2023 this amounted to RON 970.92 million).The company's total revenues decreased by RON 1.013 ...
Retele Electrice companies continue to invest in medium voltage network infrastructure
Thursday, August 15, 2024
Bucharest – Retele Electrice companies are organizing a tender through the public platform SEAP for the acquisition of medium voltage three-phase reclosers, with the goal of ensuring a modern electrical network capable of meeting the growing demands of consumers and current challenges. With a maximum value of 19,320,000 lei, this strategic investment aims to both strengthen and modernize the medium voltage network, as well as improve resilience, ...
Oil Terminal ends first half of 2024 with net profit of over 36 million RON
Thursday, August 15, 2024
Oil Terminal recorded a net profit of 36.233 million RON in the first half of this year, 42.7% higher than in the similar period of 2023, according to financial data submitted on Monday to the Bucharest Stock Exchange.The company's gross profit for the period amounted to 41.419 million RON (+41.8%). Turnover increased by 36.1% to 231.01 million RON, while total revenues rose by 34.8% to 232,548 million RON. Expenses totaled 191.13 million RON (up 33.4%),As of ...
Vestas wins 99 MW project in Romania
Thursday, August 15, 2024
Vestas has received a 99 MW order from OX2 for an undisclosed wind energy project in Romania, https://www.vestas.com/ reads. Vestas will deliver 16 V162-6.2 MW wind turbines. The order also includes supply, delivery, and commissioning of the turbines. Upon completion, Vestas will ...
PPC signs agreement to acquire Evryo Group’s 629MW RES Romanian portfolio
Thursday, August 8, 2024
600MW onshore wind, 22MW hydro, 1 MW solar, 6MW batteries in operation About 145MW pipeline assets Affirmation of PPC Group’s strong commitment to the green energy transition- RES portfolio in Romania to double after completion Diversification of PPC Group’s RES portfolio with the addition of large scale wind ...
RON 138 ml worth of industrial energy efficiency financing contracts signed
Thursday, August 8, 2024
The Ministry of Energy signed on Wednesday 27 financing contracts worth a total of RON 138.25 million, as part of NRRP Investment 5, Component 6 Energy - Industrial sector energy efficiency, the Ministry said in a release, affirming its commitment to supporting the industrial sector through financing contracts for the modernization of equipment, industrial process constructions, and the implementation of a dedicated energy consumption management system."Through this ...
EnergMin Burduja: There's no replacing coal-fired power generation with photovoltaic panels or wind power plants
Thursday, August 8, 2024
Energy Minister Sebastian Burduja said at Iron Gates I, that coal-fired power generation cannot be replaced by photovoltaic panels or wind power plants, but by gas production.According to Burduja, at the moment there are delays in the process of replacing the coal-fired power plants at Isalnita and Turceni, but it is important not to close the coal-fired groups without putting something in place."In the restructuring plan for the Oltenia Energy Complex (CEO), ...
Syndicated loan worth approximately 1.93 billion RON for Transgaz
Thursday, August 8, 2024
SNTGN Transgaz SA, the technical operator of the National Gas Transmission System, has signed a syndicated loan agreement worth RON 1.93 billion (rd 390 million euros), to ensure the financing of the investment projects included in the Development Plan of the National Gas Transmission System, the company says in a release sent to the Bucharest Stock Exchange, on Thursday.UniCredit Bank coordinated the syndicated loan as Coordinating Mandated Main Arranger, Bookrunner, ...
Retele Electrice Secures 191M Lei In EU Funds For Infrastructure
Thursday, August 8, 2024
The Ministry of Energy and the companies Retele Electrice Muntenia, Retele Electrice Banat and Retele Electrice Dobrogea (part of the PPC Group in Romania) have signed three new non-reimbursable financing contracts through the Modernization Fund, for projects targeting the electricity distribution infrastructure in Ilfov, Calarasi and Arad counties. The three investment projects that will be carried out by the electricity distribution operators have ...