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Energy & Environment

EBRD launches Energy Compact for its urban sustainability programme

Thursday, September 23, 2021

EBRD launches Energy Compact, supporting bringing green and reliable energy to cities EBRD Green Cities Compact applies in 49 cities in flagship urban sustainability programme Compact raises EBRD’s ambition in line with SDG 7 and Paris Agreement on climate ...

Republic of Moldova – Gas price for the population could increase by 35%

Thursday, September 23, 2021

Moldovagaz, together with representatives of the Ministry of Economy and Infrastructure of the Republic of Moldova, is in the final stages of negotiations with Gazprom for the extension of the natural gas import contract and the establishment of the price level. A Moldovagaz official told TV6 that he expects the company to ask the regulator (ANRE) to increase the average tariff for final consumers by about 35%.   The ...

VELUX Group and Schneider Electric Extended Partnership to Accelerate Lifetime Carbon Neutral Commitment

Thursday, September 23, 2021

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The VELUX Group, the world leader in roof windows and skylights, ...

Transelectrica halves profit expectations amid high electricity prices

Thursday, September 23, 2021

Transelectrica cut the profit forecast for this year to RON 41 mln (EUR 8 mln) down from RON 91 mln projected initially, pointing to the high electricity price among others for the ...

Moldova hopes for Romanian natural gas as of October

Thursday, September 23, 2021

The minister of infrastructure and regional development of Moldova, Andrei Spanu, stated for TVR Moldova that, starting this October, the natural gas deliveries from Romania through the Iasi-Ungheni-Chisinau gas pipeline will be technically possible. "We need to liberalize the gas market so that we do not talk about dependence or independence, but about where we can buy gas at the best price," he said, according ...

CE Oltenia gets record prices on forward market

Thursday, September 23, 2021

The coal-fired power plant CE Oltenia auctioned forward electricity contract with delivery in Q1 next year for RON 600 (EUR 120) per MWh, but the electricity subsidiaries of Enel utility group had to offer up to RON 830 (EUR 166) per MWh to make sure they ...

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

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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

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 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

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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

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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 ...

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