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Energy & Environment

Analysis: Natural gas market situation stabilises

Thursday, February 22, 2024

Europe has successfully weathered the energy storm of 2022-2023 and, in the absence of unforeseeable events, we will see a stabilisation of the situation on the natural gas market and, implicitly, of the price, but future energy crises determine the need for long-term energy strategies and the existence of plans of measures for energy emergencies, says the president of the Intelligent Energy Association, Dumitru Chisalita, in an ...

Prosumers already pay for "sun tax" metering

Thursday, February 22, 2024

The National Energy Regulatory Authority (ANRE) has prepared the infrastructure for charging self-consumption with prosumers' money, despite assurances from the government that it will not introduce the so-called "sun tax", claim on Monday the representatives of the Association of Prosumers and Energy Communities of Romania (APCE), in a release.According to the source, prosumers pay extra for these equipment without benefiting or being informed ...

Crude oil production down 4.4pct, imports 15.3pct lower in 2023

Thursday, February 22, 2024

   Romania produced 2.795 million tonnes of oil equivalent (toe) of crude oil in 2023, 129,200 toe less (-4.4%) than in the same period last year, according to data centralised by the National Institute of Statistics (INS).Crude oil imports amounted to 7.371 million toe last year, 1.332 million toe less than in 2022 (-15.3%).According to the latest energy balance forecast, published by the National Commission for ...

Lockheed Martin and Romania Sign Letter of Energy Collaboration

Thursday, February 22, 2024

On Feb. 8, the Lockheed Martin (NYSE: LMT) Energy team hosted the Romanian Minister of Energy, Sebastian Burduja, for discussions on how the GridStar Flow® battery can help Romania with its net zero goals, and to sign a letter of energy collaboration.   “Lockheed Martin’s GridStar Flow aligns with our goals and objectives for improving Romania’s energy ...

Minister Burduja: Romania to maintain the same energy price cap for another year

Thursday, February 22, 2024

Romania’s cap on energy prices will remain unchanged until March 2025, announced Romanian Energy Minister Sebastian Burduja on Thursday, meaning Romanian consumers will continue enjoying the EU’s fourth cheapest gas prices.   After that date, adjustments to the pricing scheme may occur depending on market dynamics, he added, noting that the aim is to better target support ...

Bulgaria and Romania to revive €6bn Danube hydropower project

Thursday, February 22, 2024

By bne IntelliNews    Bulgaria’s National Electricity Company (NEK) and Romania’s Hidroelectrica are reviving a project to build a joint hydropower plant (HPP) on the River Danube between the cities of Nikopol in Bulgaria and Turnu Magurele in Romania, Bulgarian Energy Minister Rumen Radev said on February 14 as quoted by ...

Nuclearelectrica, SACE and Ansaldo Nucleare sign MoU to refurbish Cernavoda Unit 1, develop two more

Thursday, February 22, 2024

Nuclearelectrica, Italy's Export Credit Agency - SACE and Ansaldo Nucleare signed on Thursday in Rome a Memorandum of Understanding to advance the development and financing of the refurbishment of the Cernavoda Nuclear Power Plant Unit 1, and of the strategic project for the plant's Units 3 and 4, Nuclearelectrica said in a release.The document was initialed in the presence of Romania's Minister of Economy, Entrepreneurship ...

Silcotub, 19.8 MW energy production project from renewable solar sources in Calarasi

Thursday, February 22, 2024

  Silcotub started a solar project with a nominal power of 19.8 MW, respectively 21.2 MWp in Calarasi, worth almost 97 million lei (VAT included), according to a company release.   From the total investment, the maximum non-refundable value is 29 million lei without VAT, and the own contribution amounts to approximately 68 million lei. The project implementation period is ...

 Oil Dynamics grows its business in Romania

Thursday, February 22, 2024

Earlier this year, OMV Petrom and Oil Dynamics signed two additional ...

The companies in Romania pay the highest prices for energy in the EU

Thursday, February 15, 2024

The companies in Romania and Hungary pay the highest prices for energy in the  EU, almost three times higher than the ones paid by the companies in Finland, shows an annual report regarding the single market and competitiveness, published on Wednesday by the European Commission, send DPA.According to the document, the prices for energy in the EU have increased significantly after the beginning of the Russian invasion in Ukraine, two years ago. The ...

Primary energy sources, down almost 3pct in 2023

Thursday, February 15, 2024

 Romania's primary energy sources decreased by 2.9% in 2023, y-o-y, while final commercial electricity consumption was down 4.1%, according to the National Institute of Statistics (INS).Between January 1 and December 31, 2023, the main primary energy sources totalled 32.898 million tonnes of oil equivalent (toe), decreasing by 979,000 toe y-o-y.Domestic production amounted to 17.925 million toe, decreasing by 148,800 toe (-0.8%), y-o-y, and ...

Retele Electrice Companies attract new European financing, of over 433 million lei, for investments in networks in the 3 electricity distribution regions

Thursday, February 15, 2024

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The companies will carry out 6 projects, worth about 558.3 million lei, of which European financing will cover about 433.7 million lei The works in Ilfov, Ialomita, Calarasi, Caras Severin, Arad and Hunedoara counties will serve about 35,000 customers   The Ministry of Energy and the companies Retele Electrice Muntenia, Retele ...

Oil Terminal registers 14.3 million RON net profit in 2023, up by 23.2 pct

Thursday, February 15, 2024

 Oil Terminal ended 2023 with a net profit of 14.293 million RON, a 23.2% increase compared to the previous year, according to the preliminary financial data submitted to the Bucharest Stock Exchange on Wednesday.The company's turnover increased by 15.6%, to 349.787 million RON, total revenues increased by 15.2%, to 355.985 million RON, and expenses by 14.8% to 339.425 million RON.Total assets increased by 25.1%. Long-term liabilities ...

KMG Rompetrol Development implementing EUR 2.2million eMobility project in Romania

Thursday, February 15, 2024

An eMobility project worth approximately EUR 2.2 million, co-financed by the European Union under the Connecting Europe Facility instrument - CEF Transport, is being implemented in Romania by KMG Rompetrol Development.The company reported on Wednesday that in November 2022 it submitted an application for financing a project on the acquisition and installation of ultra-fast charging stations for electric vehicles.They will be located within ...

Romania relaunches call for investment in battery storage for solar photovoltaic facilities

Thursday, February 15, 2024

The Ministry of Energy of Romania has reopened a competitive solicitation for battery storage for the grid integration of renewable energy, seeking “at least” 240MW and 480MWh of resources, ...

RWE and PPC to accelerate Greek energy transition by building solar projects with nearly 1 gigawatt capacity

Thursday, February 15, 2024

Investment decisions made for construction of one additional photovoltaic project with 450 MWp /432 MWac in Western Macedonia Start of construction expected the next months; commissioning in 2025 Total investment of €255.4 million planned, €127.7 million of which will be made available by RRF, and €76.6 million commercial debt on pro-rata ...

World Bank’s IFC launched the consultation for Romania’s offshore wind roadmap

Thursday, February 15, 2024

By 2036, Romania might have 3 GW in installed offshore wind capacity in the low growth scenario or 7 GW in the high growth scenario, according to the latest Romania’s offshore wind roadmap launched for consultation by the World Bank’s International Finance Corporation (IFC). One of the main findings of the report is that the levelized cost of energy (LCOE) starts at 72-93 euros per MWh in 2029 and reduces to 52-76 euros per MWh in 2035, according to the low ...

OMV Petrom has 1.5 billion lei for acquisition transactions in 2024

Thursday, February 15, 2024

OMV Petrom allocated this year 8 billion lei for investments, of which 1.5 billion lei for acquisitions, OMV Petrom’s financial director, Alina Popa, announced on Monday, during a specialized event.   “We did not communicate the exact value of the transactions for ...

Green energy and carbon storage capacity give Romania unique chance to attract foreign investments

Thursday, February 8, 2024

Green energy and carbon storage capacity give Romania a unique chance to attract foreign investment or capital, including domestic, representing a competitive advantage with other economies in Europe and the world, the minister of Economy, Entrepreneurship and Tourism, Stefan-Radu Oprea, said last week."I will say first of all what I think will happen to Romania's economy, which is the target we have: a green economy, an economy with energy produced from ...

EU Commission warns Romania over landfill waste management

Thursday, February 8, 2024

Romania received a warning on Wednesday for failing to fully comply with the Landfill and Waste Framework Directives despite having already been fined by the European Court of Justice in December, euractiv.com informs.   According to the Commission, Romania has successfully closed and rehabilitated 92 landfills and plans to address five more by 2026-2028. However, the situation for four others remains uncertain despite ...

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