RSS
Energy & Environment
Romania will reach 34% renewable energy sources after an analysis of the Energy Plan
Thursday, March 30, 2023
Romania has assumed as renewable energy sources a share of about 30.7% for 2030 through the integrated National Energy and Climate change Plan 2021-2030, but through a reanalysis it will reach 34%, said Casian Nitulescu, State Secretary in the Ministry of Energy on Monday. He said that, through investments in energy efficiency, Romania can have numerous benefits such as the major drop of the energy consumption, a reduction of gas emissions ...
Investment Committee paves way for first InvestEU projects by EBRD to support green mobility and energy
Thursday, March 30, 2023
More than €1.1 billion in finance to be mobilised in sustainable projects, supported by €150 million in InvestEU guarantees Under the InvestEU programme, the European Bank for Reconstruction and Development (EBRD) and European Commission work together to help various EU countries in reaching their full green ...
Romania's crude oil production drops 4.1 pct this January, crude imports go up 27.4 pct
Thursday, March 30, 2023
Romania produced this January 243,000 tonnes of crude oil equivalent (toe), by 10,500 toe less (-4.1 pct) compared to the same period of 2022, show figures centralized by the National Institute of Statistics (INS).January's crude imports amounted to 776,200 toe, by 167,100 toe (27.4 pct) more year-over-year.According to estimates by the National Strategy and Forecast Commission, Romania's crude production this year will amount to 3.095 million ...
IULIUS Group installed photovoltaic panels on all the properties in its portfolio and will produce 5,500 MWh annually across the group
Thursday, March 30, 2023
IULIUS is the only company on the Romanian real estate market to implement a complex project designed to enhance the energy autonomy across all its properties, both under development and in operation, by installing photovoltaic panels. The group is managing the entire process, from its design to the purchasing of equipment, and installation and commissioning of the infrastructure; subsequently, this will be connected to the internal distribution system and the energy it ...
Electrica announces completion of acquisition of company developing photovoltaic project "Satu Mare 2"
Thursday, March 30, 2023
Electrica has completed the acquisition of the Sunwind Energy company, whose main activity is the production of energy from photovoltaic sources, the company informed on Friday.According to a press release, Electrica is developing the photovoltaic project "Satu Mare 2," with an installed capacity of 27 MW. The project is in the "ready to build" phase and is located in the vicinity of Botiz commune, Satu Mare county."In accordance with the ...
EBRD supports energy security in Romania
Thursday, March 23, 2023
EBRD lends €37 million to Romania’s leading electricity distribution network operator Loan finances liquidity needs to cover increasing costs Energy security and resilience are EBRD regional ...
Commission approves EUR 103 million Romanian scheme under the Recovery and Resilience Facility
Thursday, March 23, 2023
The European Commission has approved, under EU State aid rules, a Romanian scheme of EUR 103 million (RON 512 million) to support the construction of electricity storage facilities. This measure will be partly financed by the Recovery and Resilience Facility (“RRF”), following the positive assessment by the Commission of the Romanian Recovery and ...
The minister of energy: A new step for the exploitation of gas in Neptune Deep was made
Thursday, March 23, 2023
A new important step for the exploitation of natural gas in Neptune Deep, in the Black Sea was made on Thursday, with the signing of the ceremonial statement by Transgaz, OMV_Petrom and Romgaz regarding the signing of the contracts for transport of natural gas, announced the minister of energy, Virgil Popescu.He said that his project was signed for the period September 2026 – September ...
Nuclearelectrica - Emirates Nuclear Energy Corporation ink MoU to develop nuclear energy programme
Thursday, March 23, 2023
Nuclearelectrica and Emirates Nuclear Energy Corporation (ENEC) have signed a Memorandum of Understanding for bilateral cooperation in the nuclear energy sector to support the development of this critical energy source in addressing the challenges of energy security and climate change, a release sent on Monday to Agerpres, reads.The objective of the MoU is to provide both parties with a favorable framework for a potential collaboration ...
Hidroelectrica and Masdar to build offshore wind farms and floating solar farms in Romania
Thursday, March 23, 2023
Representatives of Hidroelectrica and those of Masdar company of the United Arab Emirates (UAE) have signed on Monday, in Abu Dhabi, a joint venture agreement which engages the two companies in a joint investment demarche aimed at the creation of offshore wind farms and floating solar farms in our country."The event was endorsed by the presence of Romania's President Klaus Iohannis, Energy Minister Virgil Popescu and his counterpart from the ...
Speeh Hidroelectrica, fined 400,000 RON for deficiencies in contracts with end customers
Thursday, March 23, 2023
Electricity supplier Speeh Hidroelectrica has been fined 400,000 RON, double the maximum provided for by law, following an extensive control action carried out by the Romanian Energy Regulatory Authority (ANRE).Thus, deficiencies were found in the supplier's activity, which consisted of: failure to issue invoices for the amounts of electricity supplied to the 482,638 final customers in the portfolio, for each billing period and within the timeframe ...
Photon Energy Group provides financing of 21.9 million euros for projects in Romania
Thursday, March 23, 2023
Photon Energy announces that it has concluded a non-recourse project refinancing agreement in the amount of 21.9 million euros with the Austrian-based Raiffeisen Bank International (RBI) for its portfolio of photovoltaic plants in Romania, with a total installed capacity of 31.5 MWp (MegaWatt peak), according to a press release.The signing of the agreement represents the Group's first project financing for European photovoltaic assets operating on a ...
Gas imports decrease by over 85pct, in January 2023; production up 7.5pct
Thursday, March 23, 2023
In January 2023, Romania imported a quantity of usable natural gas of 44,300 tons of oil equivalent (toe), by 85.2pct (-254,500 toe) less than in the same period last year, according to the data centralized by the National Institute of Statistics (INS).The domestic natural gas production in the mentioned period was 661,300 toe, by 7.5pct (46,000 toe) over the one registered in 2021.The National Commission for Strategy and Prognosis (CNSP) ...
Nuclearelectrica, BWXT Medical Ltd sign agreement advancing nuclear medicine
Thursday, March 23, 2023
Romania's Nuclearelectrica corporation is advancing the development of nuclear medicine in Europe under an innovative agreement with BWXT Medical Ltd., part of BWX Technologies, Inc., the company announced in a press statement on Friday.The agreement between Nuclearelectrica and BWXT Medical will explore the possibility to enhance cooperation in the field of nuclear medicine in Europe, for the production of medical isotopes."The ...
Over 80% construction progress for the cogeneration plant on the Petromidia platform
Thursday, March 23, 2023
The Kazakh-Romanian Energy Investment Fund (KREIF) has made considerable progress in commissioning the cogeneration plant on the Petromidia platform, reaching over 80% of the total operations, part of the project that started in May 2021. Through Rompetrol Energy, member company of the KMG International Group (Rompetrol) and entity responsible for managing the energy projects carried out through the ...
E.ON to set up 13,000 km of green corridors along high-voltage overhead lines by 2030
Thursday, March 23, 2023
The distribution companies of the E.ON group have announced that, by 2030, they will set up 13,000 km of green corridors along the high voltage overhead lines, from the Black Sea to Sweden, of which 370 km in Romania.According to a company release sent on Friday, for this year, E.ON is taking into account the inventory of the biotope of approximately 200 hectares and the implementation of the Ecological Corridor Management concept on an area of 60 hectares ...
Romania should consider large renewable energy investment projects
Thursday, March 23, 2023
Romania should consider large renewable energy investment projects, and contracts for this kind of energy projects are expected to be signed in the coming weeks under the National Recovery and Resilience Plan (PNRR) worth 600 million euros, senior official with the Energy Ministry Dan Dragos Dragan told the Romanian Business & Investment Roundtable conference on Thursday."Romania has deployed all the necessary efforts to ensure the energy security of the ...
Government decides to sideline 660 MW of lignite-based electricity generation capacity for 3 years
Thursday, March 16, 2023
The Government has decided to sideline 660 MW of lignite-based electricity generation capacity for a period of three years or even to decommission it, starting in June 2023, in order to clarify some of Romania's commitments under the National Recovery and Resilience Plan (PNRR) relating to the energy market reform, through an emergency ordinance adopted on Wednesday.According to a press release issued by the Executive, the amendments to Emergency Ordinance (OUG) no. ...
Cernavoda NPP Units 3 and 4 support agreement, approved
Thursday, March 16, 2023
The law approving the signing of the Support Agreement between the Romanian State and the Nuclearelectrica National Company for the Cernavoda NPP Units 3 and 4 Project has been adopted, Energy Minister Virgil Popescu informs on Tuesday."Thus, Unit 3 will enter into operation at the end of 2030 and Unit 4 in 2031," the minister wrote on his Facebook page.The purpose of the agreement is to establish the effective modalities of cooperation between the parties, by ...
Enel notifies Fondul Proprietatea on right to participate in stake sale
Thursday, March 16, 2023
Fondul Proprietatea (FP) has received a notification from Enel regarding its right to participate in the sale of the stakes held by the Italian group in Romania, FP informs in a report sent to the Bucharest Stock Exchange on Tuesday."Franklin Templeton International Services SR, in its capacity as manager of alternative investment funds and sole administrator of the Fondul Proprietatea SA, wishes to inform shareholders that it has received a notification from Enel SpA ...