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Energy & Environment
Nala Renewables to acquire solar PV project in Romania
Thursday, July 18, 2024
*The solar project will begin construction in the third quarter of 2024 and will be connected to the power grid by 2025. Nala Renewables has entered an agreement to acquire a 61MWp [megawatts peak] solar photovoltaic (PV) project in western Romania from renewable energy group Monsson. The solar project will begin construction in the third quarter of this year and is expected to be connected to the Romanian ...
European Energy secures 500 MW of grid connection approvals in Romania
Thursday, July 18, 2024
European Energy has received grid connection approvals for around 500 MW of solar and wind energy projects across, https://energycentral.com/ informs. These approvals bring the projects closer to the ready-to-build stage. The total development pipeline for European Energy ...
OMV Petrom entered the EIT InnoEnergy Fund, supported by TotalEnergies, Engie, ING, Volkswagen, Siemens
Thursday, July 18, 2024
The largest oil and gas producer in Romania, OMV Petrom, became a shareholder of the EIT InnoEnergy fund, co-founded by the European Union, according to Profit.ro. The operation was carried out through a 2023 private financing round of more than 140 million euros. The EIT InnoEnergy Fund is recognized as an important investor making placements at the start of a new business. So far it has invested 690 million euros in more than 180 companies that are expected to ...
President Iohannis resubmits the law on mandatory storage for prosumers to Parliament
Thursday, July 18, 2024
The new provisions of the law on storage and storage made by prosumers are inappropriate and inapplicable in the form in which they are regulated, claims President Klaus Iohannis, who asked the Parliament to reexamine the Law that introduces the obligation of prosumers to ensure both the production and storage of energy. The head of state shows that Romania’s goal of becoming a neutral country from the point of view of carbon emissions, ...
Minister Burduja: At the end of next year we should have storage capacities of at least 2.5 GW
Thursday, July 18, 2024
Romania should have, in total, at the end of next year, storage capacities of at least 2,500 MW, and by 2026 to exceed 5,000 MW, according to the Minister of Energy, Sebastian Burduja. “In total, at the end of next year we should have storage capacities of at least 2,500 MW, and by 2026 we should exceed 5,000 MW. These targets are ambitious, but they are aligned with Transelectrica’s recommendations and analyses, which show a need for ...
PPC’s Menegazzo: The national energy system shows its technical limits
Thursday, July 18, 2024
The national energy system shows its technical limits, being subjected to an unusual thermal stress, and among the causes for the limits in the production of electricity and for the high prices on the energy markets are elements such as inconsistencies in the adoption of a National Energy Strategy, bureaucracy and a populist approach, says Alessio Menegazzo, CEO and country manager of PPC (formerly Enel) in Romania. “Subjected to an unusual ...
Prosumers’ Association: The heat showed us how fragile we are from an energetic point of view
Thursday, July 18, 2024
The heat of the last period showed us how fragile we are from an energy point of view, and a storage system costs three times less than the unfulfilled dream of Romania, namely the Tarnita-Lapustesti Pumped Storage Plant, say the specialists from the Association Prosumers and Energy Communities (APCE). “The heat showed us how fragile we are ...
Hidroelectrica: Investment of over 200 mln. euro for refurbishment of HPP Vidraru
Thursday, July 11, 2024
The contract for upgrading Vidraru Hydropower Plant, a 200 million euro investment, was signed on Tuesday in Arges county, in the presence of premier Marcel Ciolacu and energy minister Sebastian Burduja. The contract signing ceremony was attended by Marija Kapitanovic, the Croatian ambassador to Bucharest, since a Croatian company will be involved in the upgrading process. “It is an important event for the ...
Elcen submits financing request for new high-efficiency cogeneration power plant project
Thursday, July 11, 2024
Elcen submitted on Tuesday in the MySMIS system the funding request for the project "Implementation of a high-efficiency cogeneration unit within CTE Bucharest South," in order to obtain non-refundable financing from the Modernisation Fund, the company announced.Elcen representatives referred to Key Programme 5, High Efficiency Cogeneration and Modernisation of Heating Networks.According to the same source, the investment has a nominal power of about 275 MWe and ...
OMV Petrom's hydrocarbon production decreases slightly, to 110,100 boe/d, in second quarter of 2024
Thursday, July 11, 2024
OMV Petrom achieved a hydrocarbon production of 110,100 barrels of oil equivalent per day, in the second quarter of this year, 1.4% lower than the previous quarter, according to the data sent to the Bucharest Stock Exchange on Tuesday.Oil and condensate production was 52,600 boe/day (minus 1.7%), and natural gas production was 57,500 boe/day (minus 1%).In the second quarter of this year, the total volume of hydrocarbon sales amounted to 105,000 boe/d, being ...
Demand for solar panels has tripled in Romania
Thursday, July 11, 2024
Romanians install 3 times more solar panels and heat pumps in 2024 compared to last year, to reduce energy consumption as much as possible, due to rising bills during heatwave, says Kilowat, a green energy company. In the context of heatwaves and the constant increase in energy prices, more and more Romanians are looking for solutions to reduce their costs and to get rid of the worries of energy bills. “The energy bills are getting higher, ...
Belgian steel wire company inks virtual PPA for wind farm in Romania
Thursday, July 11, 2024
Steel wire transformation and coatings producer N.V. Bekaert has secured 100 GWh from a wind farm in Romania under a power purchase agreement, https://balkangreenenergynews.com/ informs. Belgium-based N.V. Bekaert employs 28,000 people in 45 countries ...
Energobit and Electromontaj Cluj are jointly bidding for the new CET Govora thermal power plant
Thursday, July 11, 2024
The companies Baran (Israel), Telemenia and Energobit jointly submitted an offer to participate in the open tender for the design and execution of the thermal-electric power plant in the cogeneration system within CET Govora, Lot 1. The contract has an estimated value of 534 million lei (approximately 110 million euros), without VAT, according to Transilvania Business. The duration of the implementation of this project was set at 25 months from the signing of the Start ...
A 5 MW photovoltaic park, co-financed by PNRR, inaugurated in Prahova county
Thursday, July 11, 2024
The Society for the Administration of Energy Participations (SAPE) reconfirms its development strategy and inaugurates the photovoltaic park Darvari 2, in the town of Valea Calugareasca (Prahova county). “SAPE has proposed a new strategy, which reflects the company’s growth plans and which aims to continue the activity of managing the ...
EU Commission clears Romania’s plans to build two new nuclear reactors
Thursday, July 4, 2024
The European Commission has issued a positive opinion on the technical and nuclear safety aspects of the project for units 3 and 4 of Romania’s only nuclear power plant, the Romanian Energy Ministry announced on Tuesday quoted by euractiv.com. With the Commission’s green light, the plant, managed by the country’s sole nuclear power producer, the state-owned Nuclear Electric Company, and located in the southeastern town of Cernavod?, ...
Electromontaj wins tender for the rehabilitation of Vidraru hydropower plant
Thursday, July 4, 2024
Electromontaj, in partnership with Kon?ar Engineering Ltd., announces the winning of the tender for the refurbishment of Vidraru hydropower plant, one of the largest hydropower plants in the country, with an installed capacity of 220 MW. Butan Grup is the subcontractor. Following the award of the tender, Electromontaj together with Kon?ar Engineering Ltd. signed the contract with Hidroelectrica SA for the realization of ...
EnergyMin Burduja: Neptun Deep project is on schedule, we want to have first drillings by year's end
Thursday, July 4, 2024
The Neptun Deep project is on schedule, and if everything goes as it should, we want to have the first drillings by the end of this year, the Minister of Energy, Sebastian Burduja told a Monday's press conference reviewing one year of mandate."The Neptun Deep project is on schedule. Both Romgaz and OMV Petrom have made all the necessary efforts to obtain the approvals, in order to be able to make the contracts. From the data we have, practically all the contracts are signed ...
Regulated gas distribution tariffs to increase by 19pct from July 1
Thursday, July 4, 2024
The National Energy Regulatory Authority (ANRE) last week approved an average increase of 19% in the regulated tariffs for the distribution of natural gas, which means about RON 10 /MWh distributed.The increase applies from July 1.The change in tariffs is determined by three main factors: the increase in the costs of the natural gas distribution adjusted for a forecast inflation for 2024 of 4.6%, the increase in capital costs following the achievement in ...
Petromidia – 45 of years of development, innovation and performance
Thursday, July 4, 2024
Petromidia Refinery, one of the most important refineries in the region and the largest profile unit in the country, is celebrating 45 years of activity, during which it evolved from a simple blueprint to a modern refinery capable of supporting the energy sector. “The history of this refinery is the history of a dedicated and professional community of people who have passed from generation to generation the values that raised ...
Societatea Romana Geoexchange calls on Romanian Geothermal Energy Strategy creation
Thursday, July 4, 2024
Societatea Romana Geoexchange (SRG) requests in a letter to the Ministry of Energy the draw-up of a Romanian Geothermal Energy Strategy, with annual action plans, for the extended access to abundant and cheap geothermal energy resources."The content of the current draft of the Romanian Energy Strategy takes over the few sentences of the previous strategy drafts of the last decades, without significant additions and improvements. This is the reason why we call on the ...