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Energy & Environment
Turkish companies expand presence in solar power market in Romania
Thursday, February 13, 2025
Through its subsidiary Entek Elektrik, Turkish oil refiner Tüpra? completed the acquisition of a 214.3 MW photovoltaic project north of Bucharest, https://balkangreenenergynews.com/ reads. Defic Globe, YEO’s Istanbul-based joint ...
First files accepted for Photovoltaic Green House, posted on AFM website
Thursday, February 13, 2025
The Administration of the Environmental Fund (AFM) posted on Tuesday the first list of files accepted within the " Photovoltaic Green House" Program - 2024 session."During today's Approval Committee meeting, we approved the first 20,836 beneficiaries - individuals registered in the 2024 Photovoltaic Green House Program. They can start installing photovoltaic panels, thus contributing to reducing electricity bills and the transition to sustainable ...
Hidroelectrica reports less electricity in 2024 compared to 2023
Thursday, February 13, 2025
Hidroelectrica Group reports a gross electricity production of 14,224 GWh in 2024, down by 22% compared to 2023, of which 13,928 GWh represents gross production obtained from hydro sources, according to preliminary data posted on Monday on the Bucharest Stock Exchange website.Net electricity production represents 13,864 GWh (minus 21%), of which 13,576 GWh from hydro sources (minus 22%).Electricity production from wind sources was 288 GWh ...
Verification at Depogaz over announced cutback in gas withdrawal program, EnergMin assures no risk of gas shortage
Thursday, February 13, 2025
Romania's gas storage facilities are filled at 43.4% of capacity, which represents 1.35 billion cubic meters, and there is no risk of gas shortages or malfunctions in the supply of the population, Energy Minister Sebastian Burduja assures.He said that he decided to send the Control Body to underground storage operator Depogaz starting Friday to verify whether the rules are being respected, including the withdrawal program."Romania has 1.35 ...
PM Ciolacu: RON 90 million from selling CO2 certificates to be used for three major investment projects
Thursday, February 13, 2025
Prime Minister Marcel Ciolacu says that the government today will approve three major investment projects designed for the green transition, worth almost RON 90 million.The money is derived from the sale of greenhouse gas emission certificates attributed to Romania, Ciolacu said at the beginning of a government meeting."Three-quarters of the money will finance works on the Bucharest metro to the Otopeni Airport," the prime minister ...
Conclusion of E.ON Energie Romania's takeover by MVM only when full set of assessments performed
Thursday, February 13, 2025
The process for the purchase of gas and electricity provider E.ON Energie Romania by Hungary's MVM will be examined with utmost rigor and the final decision will be made only after all the necessary assessments are performed, Energy Minister Sebastian Burduja said."We do not comment on the estimates of the Hungarian company. The acquisition process will be concluded, if this happens, when all the analyses are ready. The acquisition process will examined with ...
Competition authority head expects MVM - E.ON deal to be referred to CSAT
Thursday, February 13, 2025
The deal by which Hungary's state-owned MVM Group intends to acquire from E.ON gas and electricity provider E.ON Energie Romania will probably be put up for discussion in the Supreme Council for National Defence (CSAT), Competition Council president Bogdan Chiritoiu told a press conference on Thursday."This investigation will probably end up on CSAT's table. I think this is what will happen. (...) Having also seen some public stances of members of the ...
OMV Petrom Group posts net profit increase of 4pct up to 4.2 B RON in 2024
Thursday, February 6, 2025
OMV Petrom Group posted a net profit increase of 4% last year, up to 4.2 billion RON, but with an operating result from CCA exploitation, except for special elements, having decreased by 52%, to 5.7 billion RON, amid lower commodity prices and a negative impact of the regulatory environment on the gas and power activity."Our operational performance was very good in 2024: hydrocarbon production was above plan, with the smallest decline in the last 7 years, and the refinery ...
Second Romania-Serbia power line operational, cross-border capacity jumps 80%
Thursday, February 6, 2025
With the commissioning of a second system within the new interconnection between Romania and Serbia, the cross-border electricity transmission capacity surged 80% – from 500 MW to 900 MW in each direction, https://balkangreenenergynews.com/ ...
Romania has reduced greenhouse gas emissions the most since 1990, by 77 pct
Thursday, February 6, 2025
Romania is the European Union member state that has reduced its greenhouse gas (GHG) emissions the most compared to 1990 levels, by 77%, compared to 31% EU average, according to Energy Minister Sebastian Burduja."Smart Deal or Green Deal? It's my duty to present the figures and call things like they are, even if this bothers some. Energy transition is not about unconditional sacrifice, but about building for a better future. And we cannot build a clean, truly ...
Premier Energy separates its natural gas supply and distribution activities in Romania
Thursday, February 6, 2025
Premier Energy has separated its natural gas supply and distribution activities in Romania, in accordance with European requirements, the company announced on Monday, in a statement.Thus, since February, the supply of natural gas is operated by the new entity Premier Energy, while NeoGas Grid becomes the company responsible for the distribution of natural gas within the group."The steps to separate the two types of services began in the second half of last year ...
Metlen Energy & Metals SA Approved to Enter Romania’s Power Market
Thursday, February 6, 2025
The National Energy Regulatory Authority (ANRE) approved on Tuesday the right to participate in the Romanian electricity markets for Metlen Energy & Metals SA, a company from Greece. It is one of the largest companies in Greece and covers two sectors of activity, energy and metallurgy. It has a turnover of over 5 billion euros and over 6,583 employees in Greece and abroad. The group was founded in 1990, after the transformation of a ...
Orange Romania secures wind power under ten-year vPPA with Engie
Thursday, February 6, 2025
Telecommunications company Orange Romania has signed a ten-year virtual power purchase agreement (vPPA) with Engie Romania to procure aroud 40 GWh of wind energy per annually, a joint press release said on Monday, https://renewablesnow.com/ informs. The contracted power will ...
Green Energy Corridor joint venture incorporated with Romania's Trade Register
Thursday, February 6, 2025
National Power Transmission Company Transelectrica announced on Friday having entered in the Trade Register the limited liability joint venture GECO Power Company - Green Energy Corridor Power Company based in Romania, which will implement the Green Corridor project.According to a release published on the website of the Bucharest Stock Exchange, the founding partners of the project company are Transelectrica, JSC Georgian State Electrosystem, AzerEnerji and MVM ...
Legal entities with activities in oil & gas sector to pay additional turnover tax
Thursday, February 6, 2025
The government adopted at its meeting on last Friday a regulatory act providing for the obligation of all legal entities with activities in the oil and gas sector to pay the additional turnover tax."According to the new regulations, all legal entities that operate in the oil and gas sectors are required to pay the additional turnover tax. The ordinance indicates the NACE codes associated to main or secondary activities in the oil and natural gas ...
Way forward to meeting corporate governance milestones at Hidroelectrica, Nuclearelectrica and Romgaz, to be finalised with EC
Thursday, February 6, 2025
The way forward regarding the National Recovery and Resilience Plan milestone on the corporate governance of energy sector companies will be finalised with the European Commission, during a visit that its representatives will carry out on February 10-14, said European Investment and Projects Minister Marcel Bolos in an interview with Agerpres."We have had and still have 300 million EUR suspended for what corporate governance in the energy sector means. Here ...
Transelectrica makes 95M Ron worth investment in Stalpu substation
Thursday, February 6, 2025
Transelectrica kicks off the works to re-engineer its Stalpu substation, in Buzau County, and the construction of the new 400 kV substation, an investment of approximately 95 million RIN, with a completion date in January 2027."The National Electricity Transmission Company Transelectrica SA kicks off the execution works for the investment regarding the construction of the 400 kV Stalpu electrical substation and for the investment regarding the modernisation of 110 kV and ...
EnergyMin Burduja: Green shock therapy must stop
Thursday, January 30, 2025
Europe's "greening" policies were not well-thought-out public policies, but an ideology followed blindly, on the model of shock therapy, and this must stop and the economy must be rebuilt on solid, competitive and innovative foundations, argues Energy Minister Sebastian Burduja."In recent days, something that I have suspected for a long time has been confirmed: Europe's 'greening' policies were not well-thought-out public policies, but an ideology followed ...
Transelectrica: Romania has 11 400 kV electrical interconnection lines with neighboring countries
Thursday, January 30, 2025
Romania has, since Wednesday, 11 400 kV electrical interconnection lines with neighboring countries and an interconnection capacity of up to 1000 MW with Serbia, after both circuits of the 400 kV Resita-Pancevo Overhead Power Line entered commercial operation, Transelectrica announced."Today [Wednesday], the second circuit of the 400 kV Resita - Pancevo double-circuit overhead power line, respectively circuit 1, entered commercial operation, marking an ...
Five dams to be rehabilitated and modernised
Thursday, January 30, 2025
Five dams in the counties of Bacau, Vrancea, Salaj, Gorj and Bihor will be rehabilitated and modernised urgently, through a funding of over 184.1 million lei,Minister of Environment, Waters and Forests Mircea Fechet announced in a post published on his Facebook page on Wednesday."I have signed the financing contract for a project dedicated to adapting hydrotechnical accumulations to climate change, which we are implementing within the Water ...