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Energy & Environment
PM Citu: OMV Petrom continues investments in Romania, not only to increase production, also reduce emissions
Thursday, September 23, 2021
Prime Minister Florin Citu states that OMV Petrom will continue to invest in Romania "not only to increase production, but also to reduce carbon emissions," following discussions had on Thursday with the representatives of the company, emphasizing the need for "additional efforts" to cope with rising prices."I am glad that OMV Petrom is continuing investments in Romania, not only to increase production, but also to reduce carbon emissions. The international ...
Electricity price in Romania triples YoY in August
Thursday, September 16, 2021
The spot price on Romania’s day-ahead market (DAM) more than tripled in August, compared to the same month last year, to RON 554.6 per MWh (from RON 183.2 per MWh), according to the monthly report posted by the market operator OPCOM. The total value of transactions was RON 1.042 bln, 203.09% more compared to August 2020 (when it was RON 343.9 ...
Government will compensate the electricity bills for approximately 13 million Romanians
Thursday, September 16, 2021
The Minister of Energy, Virgil Popescu, announced on Wednesday that the Romanian state will compensate the electricity bills for approximately 13 million Romanians who have a monthly consumption between 30 kWh and 200 kWh.For electricity, the difference between the lowest price on the market, 64 bani per kWh, with all taxes included, and the average, 82 bani per kWh, will be compensated. "For gas, we took a reference price of 255 lei per kWh, more than ...
France to boost energy vouchers as consumer bills rise
Thursday, September 16, 2021
French government is considering extending the benefit of energy vouchers to more households to ease the cost of rising energy bills, the government’s spokesman Gabriel Attal said on Wednesday (15 September). Attal told reporters that Prime Minister Jean Castex will make announcements on the matter in the coming days, euractiv.com reports. Households across Europe face much higher winter energy ...
Kremlin: Nord Stream 2 start will help cap gas prices in Europe
Thursday, September 16, 2021
A rapid startup of the Nord Stream 2 gas pipeline from Russia to Germany could help calm record-high gas prices in Europe, Kremlin spokesman Dmitry Peskov told reporters on Wednesday (15 September), as Moscow awaits for regulatory clearance for gas flows to begin, euractiv.com reports.. Russia announced last week that it had completed construction of the $11 billion Nord Stream 2 to Germany, doubling ...
Spanish power companies clash with government over measures to reduce electricity bill
Thursday, September 16, 2021
Spain’s biggest power companies, such as Iberdrola and Endesa, have warned against any intervention in the electricity market by the Spanish state, after the socialist government’s decision to implement urgent measures to bring down soaring energy bills, EURACTIV’s partner EFE reports. In an ...
Record high power prices make case for faster green transition, EU says
Thursday, September 16, 2021
Record high power prices in European Union countries show the bloc must wean itself off fossil fuels and speed up the transition to green energy, the EU’s top climate change official said on Tuesday (14 September), euractiv.com reports.. Wholesale European power prices have doubled this year, driven by factors including soaring coal and gas prices, surging CO2 prices and lower than usual renewable ...
Ministry of Energy sends EIB first applications for financing strategic projects in energy sector
Thursday, September 16, 2021
The Ministry of Energy sent on Tuesday to the European Investment Bank (EIB) the first applications for financing from the budget of the Modernization Fund nine strategic projects in the energy sector, with an investment cost of over 693 million euros, according to a ministry press release."In the European legislative context on combating climate change and the energy transition in order to increase the level of ambition to reduce emissions, increase the ...
PM Citu, ENEL representatives discuss about investments in renewable energy generation, grid and digitalization
Thursday, September 16, 2021
Prime Minister Florin Citu met on Tuesday with representatives of the Enel Group, and the talks focused, among other things, on investments in renewable energy generation, grid and digitalization."Green energy is the future," said Citu, according to whom the challenge is to make the energy transition in a way that benefits consumers and the entire economy."We need investment in renewable energy generation, grid and digitalisation. The ...
Primary energy resources up almost 11pct Jan-July; electricity consumption up 7pct
Thursday, September 16, 2021
Romania's primary energy resources increased by 10.8% in the first seven months of the current year, compared to the similar period in 2020, and those of electricity increased by 10.6%, according to data released by the National Institute of Statistics (INS) on Monday.The final electricity consumption stood at 32.459 billion kWh, in the same reference period, 7% higher, and public lighting decreased by 3.1%, while the consumption of the population increased ...
Official: Romania will increase its target for renewables for 2030
Thursday, September 16, 2021
Next year, a re-evaluation of Romania’s National Energy-Climate Plan (PNIESC) will begin, and in the context of discussions on the Fit for 55 Package, Romania will increase its renewable energy target for 2030, Secretary of State Dan Dragan told Energynomics during the Energy Day-Brasov conference, ...
ANRE vice-president.: You have the right, without violating the law, to conclude PPAs
Thursday, September 16, 2021
Investors currently have the right to conclude bilateral contracts with direct negotiation outside the centralized market, despite the confusion generated by certain domestic laws, said Zoltan Nagy-Bege, ANRE vice-president. “We need new capacity because we produce less and less energy and we are not able to meet the demand on the domestic market,” Bege added. “Of course, the question ...
ANRM: the process of entering the development and exploitation phase for the gas in the Black Sea must be accelerated
Thursday, September 9, 2021
The process of entering the phase of development and exploitation of the gas in the Black Sea must be accelerated, as after 2030 the value of the deposits is significantly reduced and they will not be commercially worthy, stated on Tuesday in a conference Sorin Calin Gal, the general manager of the National Agency for Mineral Resources (ANRM). ‘The Neptun ...
ENEL GREEN POWER ACQUIRES TWO PV PROJECTS FROM MYTILINEOS OF A TOTAL CAPACITY OF 90 MW APPROX
Thursday, September 9, 2021
Enel Green Power Romania will reach a total installed capacity of 623 MW, after the completion of the two photovoltaic plants For optimizing energy production, both plants will be equipped with the latest PV technology, such as bi-facial modules and single axis tracker structure. Enel Green Power Romania, part of the Enel Group, has signed two share purchase agreements with ...
Enel X Romania Builds 1 MW Photovoltaic Power Plant For Compa Sibiu
Thursday, September 9, 2021
Enel X Romania, part of Enel X, the advanced energy services division of the Enel Group, is building a photovoltaic plant with a total installed capacity of about 1 MWp, for the car component producer Compa Sibiu. The project involves the turnkey delivery of two subsystems, one on the roof and the other one on the ground, which integrates over 1,700 high-efficiency photovoltaic panels with single-crystal cells. For the ...
Rompetrol Well Services, for 70 years with the Romanian oil and gas industry
Thursday, September 9, 2021
Rompetrol Well Services (RWS) celebrates 70 years since it was founded in 1951. Currently, the company from Ploiesti is a leader in Romania in the segment of special well services (cementing, consolidation and packaging operations, stimulation, testing, instrumentation, probe tubing operations, etc.). In its evolution, through the professionalism and experience of Romanian specialists, the company has provided specialized services for oil companies ...
Minister Popescu promises law for offshore wind farms this year
Thursday, September 9, 2021
The offshore wind law will be ready as soon as possible this year to allow investors to carry measurements for further projects, promised Romanian minister of energy Virgil Popescu on Monday (September 6), speaking at an energy conference. One such project would be a 300MW offshore wind farm envisaged by state-controlled Hidroelectrica, in partnership with other investors, he disclosed. "I reviewed the draft in the ...
Korean investors interested in retrofitting Romanian coal-fired plant Mintia
Thursday, September 9, 2021
A group of companies from South Korea, formed by AKEDA, Hyunday-Power Systems and BKB, which intend to buy and retrofit Romania's third-largest thermal power plant Mintia (1.285 GW, coal-fired), paid a technical information visit to the thermal power plant and met officials of the Ministry of Energy on September ...
EnviMin Tanczos: Transition to zero emission energy sources comes with high costs
Thursday, September 9, 2021
The transition to zero emission energy sources comes with high costs and if it is done too abruptly, people will find individual solutions that will be more polluting than the fossil fuels they are designed to replace, Environment Minister Tanczos Barna said on Monday at the Romanian Energy Symposium - SIREN 2021, organized by the Romanian National Committee of the World Energy Council between September 6 - 8, 2021."Everything we do and everything that will happen in the ...
ANRE expects more price hikes this winter
Thursday, September 9, 2021
The residential end-user natural gas price will double in the coming winter, compared to the previous one, according to estimates of the vice-president of the Romanian energy market regulator (ANRE), Zoltan Nagy ...