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Energy & Environment
EnviMin champions transparent tie-breaking criteria for enrollment with Green Home solar PV installation program
Thursday, October 10, 2024
Environment Minister Mircea Fechet said that next year's enrollments in the "Green Home" solar photovoltaic installation program should be assigned a bigger budget, according to "certain well-established criteria, and transparent tie-breaking assessment factors known to everyone", emphasizing that the "first come, first served" principle has reached its limits.The minister made these clarifications at a press conference on Wednesday at the Victoria Palace of Government, ...
Danish-Romanian Jantzen Renewables appoints new CEO
Thursday, October 10, 2024
Danish-Romanian green energy project developer Jantzen Renewables, part of Denmark's Jantzen Group, said on Monday it has appointed Razvan Popa as its chief executive officer (CEO). Previously, Popa served as partner and head of transactions at the company, having played an important role in the development and sale of the 710 MW Helios 1 photovoltaic (PV) cluster, Jantzen Renewables said in a press ...
Competition Council Authorizes OMV Petrom S.A. Service Outsourcing
Thursday, October 10, 2024
The Competition Council has authorized the transaction through which OMV Petrom S.A. intends to outsource certain services to the partnership formed by Eugen Trans S.R.L. and Rohrer Oil & Gas Services S.R.L., along with the employees who provide these services. Thus, the services to be outsourced will include transport planning, loading, unloading, and transporting equipment from one location to another, as well as certain logistical operations, ...
Romgaz inaugural EUR 500 ml EMTN issue sees massive success
Thursday, October 10, 2024
The inaugural EUR 500 million debt security issue launched by national gas company Romgaz under the Euro Medium Term Notes (EMTN) Program was a historic success, the Energy Ministry said in a release, pointing out that this transaction proves Romgaz's ability to attract important investments from international markets and strengthens the company's position as a strategic player in the Romanian and regional energy sector.The first, EUR 500 million EMTN tranche was launched ...
Neptun Deep project on schedule, drilling on first well due in 2025
Thursday, October 10, 2024
The development work of Neptun Deep began in 2012 with the first commercial discovery, and at this moment I can say that the project is on schedule, and in 2025 we are ready to start drilling on the first well, Cristian Hubati, member of the Executive Board and responsible for Exploration and Production at OMV Petrom, said on Monday in a specialized conference."We started work on the platform superstructure in Indonesia in the middle of this year. We also started working on ...
Helexia commissions 12.8 MW solar plants in Romania
Thursday, October 10, 2024
French renewable energy company Voltalia said its subsidiary Helexia Group has inaugurated 28 solar rooftops with a total capacity of 12.8 MW across Romania. The solar rooftops are located across 16 stores operated by Auchan Retail and 12 Leroy Merlin stores, generating over 14 GWh annually and meeting around 20% to 30% of each store’s energy consumption needs, Voltalia said in a press release last week. Consequently, Auchan and Leroy Merlin ...
Commission approves €500 million Romanian State aid scheme to support investments in biofuel production capacity to foster the transition to a net-zero economy
Thursday, October 10, 2024
The European Commission has approved a €500 million (RON 2.5 billion) Romanian scheme to support investments in new production capacities of biofuels. The scheme was approved under the State aid Temporary Crisis and Transition ...
The Commission calls on ROMANIA to remove restrictions on the pricing and export of electricity and gas
Thursday, October 10, 2024
The European Commission decided to open an infringement procedure by sending a letter of formal notice to Romania (INFR(2024)2194) for restricting the freedom of market participants to determine their wholesale prices of electricity and gas as well as the export of gas. More specifically, Romania introduced national measures that require certain electricity producers to contribute all revenues above a ...
Romania, in the midst of energy revolution, has about 10 billion EUR in operation in the market
Thursday, October 10, 2024
Romania is in the midst of an energy revolution and we have reached more than 13 billion EUR in non-reimbursable funds, which we have managed to attract, and somewhere around 10 billion are already in operation in the market, Energy minister Sebastian Burduja told the annual InvestEnergy conference and the Gala dedicated to energy specialists on Thursday, which is held under the patronage of the Romanian Energy Regulatory Authority (ANRE)."Very many ...
Rompetrol Rafinare invests in increasing the efficiency of strategic equipment
Thursday, October 10, 2024
Rompetrol Rafinare, a member company of the KMG International group, continues to invest in equipment that supports the efficiency of the operational flow in the Petromidia refinery. With an investment of approximately four million dollars, the company completed a project to convert the CO Boiler of the catalytic cracking unit (FCC) from natural water circulation to forced multiple circulation. “It is very ...
OMV Petrom: Neptun Deep is progressing according to plan with a view to natural gas first deliveries in 2027
Thursday, October 3, 2024
Neptun Deep is progressing according to plan with a view to the first deliveries of natural gas in 2027, which will contribute to Romania's energy security, OMV Petrom, the largest integrated energy producer in South-Eastern Europe, operator in the Neptun Deep project, announced on Wednesday in a press release.OMV Petrom announces the start of construction works for the steel support structure of the production platform ("jacket") the execution of which is part of the ...
Ministry of Environment concludes agreement with EUROCONTROL for access to information on greenhouse gas emissions
Thursday, October 3, 2024
The Government passed in Wednesday's meeting a memorandum regarding the negotiation and signing of agreements between the Ministry of the Environment and the European Organization for the Safety of Air Navigation - EUROCONTROL.The memorandum refers to the access to the data and information provided through the Environmental Management Information Service (EMIS) for the implementation of the greenhouse gas emission certificates trading scheme (EU ETS-Support ...
Romania, Bulgaria and Greece jointly tackle East-West energy price gap
Thursday, October 3, 2024
It is not normal for Eastern Europe to pay much higher energy prices than Western Europe, as it has happened in recent months, and this is why we have asked the European Commission (EC) for a fair treatment and a functional energy union, Energy Minister Sebastian Burduja wrote on Wednesday on Facebook."As I promised on September 12, I officially asked the European Commission, alongside my Greek and Bulgarian counterparts, for fair treatment and a functional energy ...
Romanian Energy Centre merges with IRE, joins Eurelectric to support Romania's green transition
Thursday, October 3, 2024
The Romanian Energy Centre Association (CRE) is merging with the Romanian National Institute for the Study of the Planning and Use of Energy Sources (IRE) and taking over the representation of the national energy industry in Eurelectric, the federation that supports the interests of the electricity industry in Europe, CRE reported in a press statement released on Tuesday.This decision marks an important step in aligning Romania with European decarbonisation and ...
U.S. EXIM Bank commits $99 ml to Doicesti SMR project
Thursday, October 3, 2024
The Export-Import Bank of the United States (EXIM) has approved a financial commitment of up to $99 million for RoPower Nuclear S.A., to finance the development of the Doicesti small modular reactors (SMR) project, the Romanian company announced in a statement.This commitment is part of an initial $275 million funding package which includes significant contributions from other international institutions, such as the U.S. International Development Finance ...
Minister of Energy Sebastian Burduja, in the Security Forum in Warsaw
Thursday, October 3, 2024
The Minister of Energy, Sebastian Burduja participated in the Security Forum in Warsaw, one of the most prestigious global events dedicated to debates on current issues on the scene of international relations."This year, for the first time, energy was treated as a dimension of the concept of state security. I started the day with an interview for WSF TV, followed by a discussion in a ministerial panel about the common vision regarding energy security in Central and Eastern ...
Energy Minister Burduja: Black Sea wind energy - a unique opportunity for Romania's development
Thursday, October 3, 2024
The impact and potential of harnessing Romania's offshore wind energy, as well as the economic and social opportunities this industry can bring to the country are highlighted in the World Bank's Offshore Wind Roadmap for Romania released on September 27, representatives of the Energy Ministry said in a release, stating that the World Bank's report on Romanian's Black Sea wind energy potential looks at projects of up to 19 billion euros that could be implemented until 2035, 7 GW of new ...
World Bank: Romania can produce more wind energy than it will ever need
Thursday, October 3, 2024
Romania has an onshore wind capacity of 3 GW and an offshore wind resource large enough to produce more energy than it will ever need, World Bank Group representatives claim in a statement.The document refers to the Development Program for Offshore Wind Energy: Roadmap - Offshore Wind Energy in Romania."Globally, the technology for offshore wind energy (OSW) provides large volumes of energy from GW-scale projects, at prices competitive with ...
Vista Bank & Leasing Grant €20.5M Loan For 42MWp Solar Park
Thursday, October 3, 2024
The loan was arranged by Vista Bank and Vista Leasing, both acting as joint Lenders, while Vista Bank also acted as Mandated Lead Arranger, Facility Agent, Security Agent, and Account Bank. The facilities of €20.5 million will be used by Gogosu Solar Energy SRL, member of Solek Group, to develop a photovoltaic park with a total installed capacity of 42 MWp in Gogosu commune, Mehedinti county. Georgios Athanasopoulos, CEO of Vista ...
Minister: Romania could become first country from Black Sea to start offshore wind energy production
Thursday, September 26, 2024
Romania has prospects of becoming the first country from the Black Sea to start offshore wind energy production and the target is that, until 2032, Romanians will benefit from the energy produced in the Black Sea, with an installed power of at least 3GW, the Minister of Energy claims, Sebastian Burduja.At the Global Offshore Wind Alliance (GOWA) meeting in New York, Sebastian Burduja discussed Romania's integration into the club of countries that produce or will ...