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Energy & Environment
Romania will start extracting gas from Black Sea in 2026, minister says
Thursday, December 23, 2021
Romania could become almost energy independent when Romgaz and OMV Petrom extract the first barrels of natural gas from the Black Sea, according to energy minister Virgil ...
Electrica Furnizare installs 1,840 photovoltaic panels for the furniture factory Lemet
Thursday, December 23, 2021
Electrica Furnizare announced on Monday that they start the construction project of an electrical photovoltaic power station for the furniture factory Lemet, the developer of the Lems chain stores, with installed power of 975.2 kWp and an average annual production of electricity estimated at 1,082 Mwh. The project started in Prahova county means the installation of photovoltaic modules, each with power of 530 Wp, on slanting roofs of ...
PM Ciuca: Romania will benefit from transition period to use gas, nuclear energy in parallel
Thursday, December 23, 2021
Romanian Prime Minister Nicolae Ciuca said on Tuesday in Brussels that he had received the guarantees, during the discussions he had with senior officials of the Community Executive, that, given that during this period the delegated act for taxonomy is finalized, Romania will benefit from a transition period in which it can use gas and nuclear energy in parallel."In the context of the discussion on the green transition, we reiterated that for Romania, ...
OMV Petrom to help CE Oltenia install PV parks on tailings dumps
Thursday, December 23, 2021
The country's biggest energy company OMV Petrom has submitted a bid to coal and power energy complex CE Oltenia, which seeks a partner to develop photovoltaic parks on the old tailings dumps of the coal-fired power plants. CE Oltenia has reportedly received several bids, but Petrom's is the best ...
State aid: Commission approves modification of Romanian aid scheme to support high efficient cogeneration
Thursday, December 23, 2021
The European Commission has approved, under EU State aid rules, the modification of a Romanian scheme supporting high efficient cogeneration. The original scheme ...
Nuclearelectrica concludes 795 mln lei wholesale energy sale contract with Enel Energie Muntenia
Thursday, December 23, 2021
Nuclearelectrica has signed a wholesale electricity contract with Enel Energie Muntenia, worth 794.9 million lei, according to a report submitted on Wednesday to the Bucharest Stock Exchange (BVB).The contract was concluded on the Centralized Market of Bilateral Electricity Contracts - the PCCB-LE-flex trading method, administered by the Operator of the Romanian Electricity and Gas Market (OPCOM) and covers the period January 1 - December 31, ...
Nuclearelectrica concludes wholesale energy contract with Enel Energie worth 902 million lei
Thursday, December 23, 2021
Nuclearelectrica has signed a wholesale electricity contract with Enel Energie, worth 902.223 million lei, according to a report submitted on Wednesday to the Bucharest Stock Exchange.The contract was concluded on the Centralized Market of Bilateral Electricity Contracts - the PCCB-LE-flex trading method, administered by the Operator of the Romanian Electricity and Gas Market (OPCOM) and covers the period January 1 - December 31, 2022.Nuclearelectrica ...
Chimcomplex wants to aquire Rompetrol, offer to be submitted early next year
Thursday, December 23, 2021
Chimcomplex Borzesti aims at acquiring Rompetrol (KMG International) as part of its development strategy, the formulation of an offer in this regard will take place at the beginning of 2022, according to a company report submitted on Thursday to the Bucharest Stock Exchange (BVB)."Consistent with its strategies in terms of the development and operation of the Green Division, the company announces that the European Clean Hydrogen Authority has selected three ...
Renewable energy and technology are attractive investment areas in Greece for Romanian companies
Thursday, December 23, 2021
Renewable energy and technology are areas of investment in Greece with special potential for Romanian-Greek economic cooperation, Ioannis Smyrlis, Secretary General for International Economic Relations of the Greek Ministry of Foreign Affairs, said .The statement was made during a webinar on the growth of Romanian investments in Greece, organized by the Embassy of the Hellenic Republic in Bucharest."There is a wide range of investment ...
Transelectrica launches connection capacity map for new investors
Thursday, December 23, 2021
Transelectrica, the transmission system operator for the electricity market, a key company for Romania's energy transition, made available to investors on its website, a map where the available capacities for the integration of new production capacities can be analyzed. The map consists of eight regions, the information of which can be consulted for this year, 2025 and ...
Record electricity prices across entire Europe
Thursday, December 23, 2021
The average price on the day-ahead market (DAM) in Romania, accounting for about 40% of domestic consumption, reached an absolute new record over EUR 300 per MWh (or RON 1,500 per MWh), by EUR 20 per MWh, above the previous record, last month, according ...
Samsung seeks to sell 45MW PV park it owns in Romania
Thursday, December 23, 2021
Samsung reportedly put up for sale this summer a 45 MW PV park it indirectly owns in Giurgiu, in southern Romania. The PV park is one of the largest in ...
OMV Petrom: Upstream projects in Black Sea could require investments of 16 billion euros
Thursday, December 16, 2021
The development of upstream projects in the Black Sea could require total investments of EUR 16 billion, said on Monday Ionut Ciobotaru, vice-president of Business Development at OMV Petrom.Ciobotaru participated in the Romanian International Gas Conference, organized by the Romanian Oil and Gas Federation of Romania and the Energy Policy Group."At the moment, we are the second largest producer of gas in the EU and we hope to reach the first place, ...
The energy consumption up by 5.3 pct in first ten months of 2021
Thursday, December 16, 2021
The country's energy consumption was higher by 5.3 pct in the first ten months of this year, compared to the same period last year, reaching 46.1 TWh, according to a statement by the National Institute of Statistics (INS).The biggest increase was in the case of consumption by the population, 7.4 pct, while consumption in the economy increased by 4.6 pct. The own technological consumption of power plants also increased by 4.7 pct.The national ...
Natural gas, cooking oil and fuels, highest price increases in past year
Thursday, December 16, 2021
Natural gas and cooking oil suffered the highest price increases in the past year, while the only reduction was noted in air transport services, according to data of the National Institute for Statistics (INS) published on Monday.In the November 2020 - November 2021 interval, the prices for natural gas have increased by 49.42 pct, cooking oil - 28.17 pct and fuels - 25.55 pct.In what regards food, in the past year the highest price increase was noted ...
Romgaz shareholders approve acquisition of ExxonMobil stake in Black Sea gas project
Thursday, December 16, 2021
The Extraordinary General Meeting of the shareholders of Romanian gas producer Romgaz approved today, at the second convocation, the takeover of ExxonMobil's 50 percent stake in the Neptun Deep Black Sea offshore gas project, informs a release to the Bucharest Stock Exchange."The Romgaz shareholders' Extraordinary General Meeting approved the acquisition by the Company of all the shares issued by (representing 100 percent of the share capital of) ExxonMobil ...
Few hydrogen projects in Romania on the list of the European Alliance for Clean Hydrogen
Thursday, December 16, 2021
Chimcomplex, SAPE and ELSA Industry are the only companies in Romania that have included hydrogen projects among those listed by the European Alliance for Clean Hydrogen. Established by the European Union in 2020, the Alliance has recently ...
First large electric buses will run on the streets of Romania starting next year
Thursday, December 16, 2021
The first large electric buses will run on the streets of Romania starting next year, after a Turkish company won a tender worth 35 million euro for public transport in Brasov and Timisoara, where will be delivered in total 56 e-ATA, 18 meters long buses. According to a statement from Karsan, the contract was signed in August, and the first 10 vehicles will be delivered to ...
Green energy platform Aukera plans 1GW of green energy capacities in RO
Thursday, December 9, 2021
Aukera, a green energy investment platform backed by AtlasInvest, a Belgian investment fund already active in the field of renewable resources and conventional energy, aims to develop, build and operate a portfolio of offshore wind and solar projects with a total capacity of 1GW in ...
Romania to increase its gas storage capacity to over 4bln cu.m.
Thursday, December 9, 2021
Romania is set to increase its natural gas storage capacity to more than 4 billion cubic metres, from a current 3 billion, Energy Minister Virgil Popescu said on Tuesday.He participated in the commissioning of a natural gas dehydration unit at the Bilciuresti storage facility, Dambovita County, along with Prime Minister Nicolae Ciuca and the management team of Romgaz and Depogaz."We want to increase our natural gas storage capacity to over 4 ...