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Energy & Environment
Nuclearelectrica posts 8.8 pct lower profit in Q1 2025
Thursday, May 29, 2025
Nuclear power company SN Nuclearelectrica posted a Q1 net profit of RON 513.66 million, down 8.8% year-over year, shows the company's quarterly report for the period January 1 - March 31, 2025 submitted to the Bucharest Stock Exchange on Thursday.At group level, Nuclearelectrica reported a net profit of RON 522.67 million, also down 11.2%.The gross electricity production of the two operational units of the Cernavoda NPP in Q1 was 2.95 million ...
Eaton estimates business of over 400 million dollars in Romania
Thursday, May 29, 2025
Demand for Eaton’s solutions in Romania is growing, fuelled by the development of the government cloud and the digitalisation of public infrastructure. The American company estimates a turnover of more than $400 million on the local market, said Gabriel Tache, Country Sales Manager of Eaton Electric Romania. “Demand ...
WALDEVAR Energy and Prime Batteries Technology get involved in the Alive Capital project in Teleorman
Thursday, May 29, 2025
WALDEVAR Energy and Prime Batteries Technology will work together with Alive Capital for the development of the “Da Vinci New Project” photovoltaic park in Nanov, Teleorman County. Situated on an area of 24.7 hectares, the new park will reach a total installed capacity of 26.002 MWp, of which 23 MWp will be financed through the National Recovery and Resilience Plan (NRRP) – Component ...
Energy official: Romania and EU's reindustrialization requires Green Deal rethinking
Thursday, May 22, 2025
The reindustrialization of Romania and the European Union requires a categorical rethinking of the Green Deal, Chairman of the Senate's Committee on Energy, Energy Infrastructure and Mineral Resources Istvan-Lorant Antal declared on Wednesday at the Bucharest Leaders' Summit: The Path to 5.0. From Vision To Reality."We have the vision, let's mobilize and put in effort to become an important energy pole. We have the vision that Romania wants to have an ...
Energy Expo event to open its doors on Thursday in Bucharest
Thursday, May 22, 2025
The Energy Expo 2025 event will open its doors on Thursday at the Laminor Hall in Bucharest, for three days dedicated to innovation, sustainability and the future of energy in Southeastern Europe, the organizers announced.The exhibition will feature companies from the region and will feature thematic conferences and workshops, as well as many special projects for communities and visitors.The event will be attended by the Ministers of Energy of ...
Acting president Bolojan promulgates law on the setting up of the National Authority in the Field of Mining
Thursday, May 22, 2025
Acting president Ilie Bolojan on Wednesday promulgated the law on the approval of Government Emergency Ordinance no. 81/2024 regarding the establishment of the National Regulatory Authority in the Field of Mining, Petroleum and Geological Storage of Carbon Dioxide, as well as on the modification and supplementing of certain normative acts in the field of mineral resources, petroleum and geological storage of carbon dioxide.The normative act was notified to ...
Energy Ministry: Public call to identify areas in Black Sea for offshore wind energy production
Thursday, May 22, 2025
The Ministry of Energy has launched a public call for the submission of expressions of interest regarding the development of a study to identify and delimit offshore areas in the Black Sea that could be concessioned for offshore wind farm development.According to a press release issued by the Ministry on Tuesday, the study's ultimate goal is to support the development of a minimum of 3 GW installed offshore wind energy capacity by 2035, in line with ...
EBRD supports urban regeneration project in Cluj-Napoca
Thursday, May 22, 2025
The European Bank for Reconstruction and Development (EBRD) is lending EUR 180.3 million for a major urban regeneration project to revitalise Romania's second city, Cluj-Napoca, transforming an industrial site into a major entertainment, retail, cultural and office mixed-use project while improving the surrounding infrastructure, reads a press release of the international financial institution.Of the total loan to Rivus Investments SRL, a company ...
EnerMin Burduja: Energy projects require billions of euros in investments plus secret ingredient, trust
Thursday, May 22, 2025
Energy projects require billions of euros in investments and stability over the longest possible time horizon, plus the secret ingredient, trust, believes the Minister of Energy, Sebastian Burduja."In the energy sector, we have attracted over 14 billion euros in European funds in the last two years and have launched the most ambitious investment program since 1989. We have the chance to become a major regional power in the sector again, and ...
Final energy consumption in economy up 0.2pct in Q1 2025
Thursday, May 22, 2025
Primary energy resources and electricity resources increased in the first three months of this year by 5.7% and 0.3%, respectively, compared to the same period in 2024, while final electricity consumption in the economy rose 0.2%, according to data the National Institute of Statistics (INS) published on last Thursday.In the first quarter of 2025, primary energy resources totaled 8.161 million tonnes of oil equivalent (toe), an increase of 440,500 toe ...
Gas production dips 1.3 pct in Q1, imports go up 107.5 pct
Thursday, May 22, 2025
Romania's production of usable natural gas in Q1 amounted to 1.918 million tons of oil equivalent (toe), down 24,900 toe from the same period last year (-1.3%), according to data centralized by the National Institute of Statistics (INS).On the other hand, natural gas imports increased by 107.5% (plus 347,500 toe) year-on-year to 670,900 toe.According to estimates by the National Economic Strategy and Forecasting Board (CNSP), the ...
Romgaz requests dissolution of Greenpeace CEE Romania Foundation, used as a front for another legal entity
Thursday, May 22, 2025
Romgaz has decided to file, through its subsidiary involved in the Neptun Deep project, a lawsuit seeking the dissolution of the Greenpeace CEE (Central Eastern Europe) Romania Foundation, as it is insolvent and used as a front by another legal entity with the same name, in order to evade any form of patrimonial liability provided for by law, announced the Minister of Energy, Sebastian Burduja, on his Facebook page on Friday."We said from the very beginning ...
Coal production decreased by 2.2% in first quarter of 2025; imports decreased by 50.5%
Thursday, May 22, 2025
Romania's coal production in the first three months of 2025 amounted to 505,000 tons of oil equivalent (toe), being 2.2% lower (minus 11,200 toe) compared to the same period last year, according to data centralized by the National Institute of Statistics (INS).Coal imports were, in the mentioned period, 26,700 toe, down by 27,200 toe (minus 50.5%) compared to January - March 2024.The dynamics of coal production and imports are expected to ...
Transelectrica posts net profit of 158 million RON in Q1 2025, up 58%
Thursday, May 15, 2025
CNTEE Transelectrica SA recorded a net profit of 158 million RON in the first quarter of this year, up 58% compared to the same period of the previous year, according to a company report, sent to the BVB on Wednesday.The segment of activities with allowed profit recorded a positive result of 129 million RON in Q1 2025, compared to 109 million RON achieved in Q1 2024, under conditions in which operating income increased by 55 million RON, correlated with a smaller increase ...
Hidroelectrica, net profit down 56% in first quarter, due to unfavorable hydrological conditions
Thursday, May 15, 2025
Hidroelectrica reported, in the first quarter of the current year, a net profit down by 56%, to 589 million RON, compared to 1.326 billion RON in the same period last year, and revenues down by 26%, to 1.868 billion RON, according to the quarterly financial results published on the Bucharest Stock Exchange (BVB) website."In the first quarter of 2025, the Hidroelectrica Group recorded operational and financial results above budget estimates, but down compared to the ...
Energy minister Burduja: Photovoltaic park "Da Vinci New Project" in Teleorman county, completed
Thursday, May 15, 2025
The photovoltaic park "Da Vinci New Project" in Nanov, Teleorman county, has been completed, the investment, which occupies an area of about 24.7 hectares having an installed capacity of 23.106 MW, Energy Minister Sebastian Burduja announced on Saturday."Today we announce the completion of the photovoltaic park "Da Vinci New Project" in Nanov, Teleorman county. The project is realized with financial support from the National Recovery and Resilience Plan (PNRR) - Component ...
Romanian Court Dismisses Greenpeace’s Challenge to Work on Gas Project
Thursday, May 15, 2025
Authorities hail ‘significant win’ as court allows onshore works tied to EU-backed Neptun Deep gas project to proceed, despite environmental concerns, https://balkaninsight.com/ reads. A Bucharest court on Monday ruled that onshore construction at Tuzla in eastern ...
MOL Group reports profit increase of 23% in first quarter
Thursday, May 15, 2025
MOL Group's profit before taxes reached $546 million in the first quarter of this year, down 23% compared to the same period in 2024, according to the company's financial results, published on Friday.According to the above, all segments of activity performed in a strong economic environment, contributing to the resilient performance of the MOL Group, despite a difficult macroeconomic context.Results from the Upstream segment increased by one-quarter the ...
Energy Ministry renegotiating postponing deadline for closing coal-fired power plants
Thursday, May 15, 2025
The Ministry of Energy is insisting on renegotiating the National Recovery and Resilience Plan (PNRR) and postponing the deadline for closing coal-fired power plants, otherwise, this would further increase pressure on prices, Minister Sebastian Burduja wrote Friday on his Facebook page."Romania's energy security is non-negotiable. Since the beginning of my term, I have refused to accept the closure of coal-fired units in the absence of equivalent new baseload production ...
Romania's Hidroelectrica awards PV project contract to Servelect
Thursday, May 15, 2025
Romanian majority state-owned hydropower producer Hidroelectrica said on Friday that it has awarded local energy efficiency solutions provider Servelect a 9 million lei ($1.99 million/1.77 million euro) contract for the development of a photovoltaic (PV) project. "The main objective of the investment is to increase renewable electricity generation capacity by installing photovoltaic systems on the rooftops of 20 hydropower plants owned by ...