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Energy & Environment

Premier Energy Acquires CEZ Vanzare Shares

Thursday, January 4, 2024

On December 21, 2023, the company CEZ Vanzare was acquired by Premier Energy. The transaction will enter into force after the prior completion of all necessary legal procedures.   Premier Energy is a gas supplier for domestic and non-domestic consumers (from the retail area, industry, trade), operates and owns a gas distribution network in Bucharest and in the areas adjacent to the capital: the ...

Installed power of prosumers will exceed that of Cernavoda reactors

Thursday, January 4, 2024

The number of prosumers reached, in October 2023, 101,605, with an installed power of 1,298 MW, and by the end of the year it is estimated somewhere at 1.5 GW, which means that it will exceed the installed power of the two reactors at Cernavoda, the chairman of the National Energy Regulatory Authority, George Niculescu, declared in a press conference on Thursday."If in 2018 we had 601 prosumers, in 2019 we had 905. In 2020, the number increases to 2,257, in 2021 to 14,221, ...

Coal production decreases by 17.1%, imports down by 52% in first 10 months

Thursday, December 21, 2023

 Romania's net coal production totaled, in the first ten months of this year, about 2.127 million tons of oil equivalent, being 17.1% lower (minus 437,900 toe) compared to the period similar from 2022, according to the data centralized by the National Institute of Statistics (INS).In the mentioned period, Romania imported 168,400 tep of net coal, with 182,200 tep less (minus 52%) compared to the amount imported the previous year in the same ...

€150 million EIB loan to VGP Renewable Energy finances solar energy rollout on European roofs

Thursday, December 21, 2023

An EIB loan to VGP Renewable Energy N.V. will support the company’s rollout of rooftop solar panel installations across a portfolio of industrial buildings in Europe The project will enable VGP to provide its tenants with 100% renewable energy, strengthen EU energy security and accelerate the energy ...

BRD grants Vrancart Adjud loan to build and install photovoltaic park

Thursday, December 21, 2023

  BRD has granted Vrancart Adjud a loan for the implementation of a project to build and install a photovoltaic park with an installed capacity of 20.5 MW, with facilities amounting to EUR 16 million.According to a press release from the bank, the project is part of the Vrancart Group's sustainability strategy, strengthening the solar resource in the portfolio of inputs for low carbon footprint production. The loan granted by BRD ensures the ...

Engie, Premier Energy reportedly in race to buy Romanian energy supplier from Macquarie

Thursday, December 21, 2023

The Australian investment fund Macquarie Asset Management is reportedly seeking to sell the energy (electricity and natural gas) supply company in southern Romania, which it purchased from Czech group CEZ in 2020 as part of a larger deal, including renewable energy assets and a regional electricity distribution network.   According to sources familiar with the negotiations consulted ...

EBRD lends RON 400 million to Delgaz Grid in Romania

Thursday, December 21, 2023

EBRD lends RON 400 million to Romanian electricity and gas distribution company Delgaz Grid SA  Loan to finance improvements in the electricity distribution network in north-eastern Romania Investment is part of a syndicated facility of RON 3 billion with seven commercial ...

Primary energy resources down by 1.8pct, electricity up by 1.8pct ten months into 2023

Thursday, December 21, 2023

Primary energy resources decreased in the first ten months of 2023 by 1.8pct, and those of electrical energy increased by 1.8pct, compared to the same period in 2022, the National Institute of Statistics announced on Thursday.The main primary energy resources, during the period January 1 - October 31, 2023, totaled 27.561 million tons of oil equivalent (toe), down by 491,200 toe compared to the same period of the previous year.Domestic production ...

Romgaz increases its share capital by about 3.5 billion lei

Thursday, December 21, 2023

Romgaz decided to increase the share capital by approximately 3.47 billion lei (697 million euros) to include reserves from its own funding sources, company officials told Energynomics.   Thus, the money will be easier to access for projects like Neptune Deep. Apart from Neptun Deep, the company’s multi-annual strategy to 2030 also foresees investments in around ...

Oil and gas: Additional taxes and royalties doubled in 2022

Thursday, December 21, 2023

In 2022, the total additional taxes and royalties related to the upstream sector of crude oil and natural gas increased significantly, by 199% compared to the total related taxes in 2021 (without taking into account the effect of the solidarity contribution) or by 261% compared to the total related taxes of 2021, if we take into account the effect of the solidarity contribution due for 2022, reveals an analysis of BirisGoran carried out for ...

Brasov benefits from a 75 mln. lei solar park, Synergy Construct will finish it in April

Thursday, December 21, 2023

The city of Brasov benefits from a new 20 MW photovoltaic park, an investment of 75 million lei, the contract having already been signed by the mayor Allen Coliban last week. Synergy Construct has 4 months to execute the works, reports Transilvania Business.   Mayor Allen Coliban announced on his Facebook page that he signed the contract for the ...

Romania should reach 4 GW installed power in photovoltaic panels in 2024

Thursday, December 14, 2023

The power installed in photovoltaic parks in Romania will double, in 2024, and will exceed 4 GW, according to the estimates of a domestic start-up active in the energy field."Next year, Romania could have an installed power of 2,000 new MW from photovoltaic panels alone, almost as much as three nuclear reactors from (southeast) Cernavoda (single nuclear power plant so far, ed. n.). The pace of development and investments in this field is accelerating, in the ...

More than 80pct of the value of execution agreements for Neptun Deep already awarded

Thursday, December 14, 2023

  OMV Petrom continues to make significant progress in the implementation of the Neptun Deep project, with more than 80% of the execution agreements necessary for the delivery of the project being awarded, according to a press release sent on Tuesday.The company signed an agreement with an estimated value of 325 million euros for the semi-submersible drilling platform Transocean Barents, for a minimum period of one and a half years. In addition, ...

Portland Trust sells 255 MW PV park in Romania to Nofar Energy

Thursday, December 14, 2023

  Developer Portland Trust said on December 12 that it sold the largest photovoltaic (PV) park in Romania to Nofar Energy, a global leader in renewable energy investments. The value of the deal was not disclosed.   The PV park developed by Portland Trust at Corbii Mari, in Dâmbovi?a county, has an installed capacity of 255 MW and a total surface of 290 hectares. It is bigger than ...

Non-refundable financing for Transelectrica, of over 56 million euros, through REPowerEU

Thursday, December 14, 2023

Transelectrica obtained a non-reimbursable financing of over 56 million euros, through the REPowerEU component, for the installation of photovoltaic power plants and storage facilities in 29 power stations, the modernization of the Smart SA subsidiary and for the optimization of the communications network managed by the Teletrans subsidiary and the creation of a data center, the company informs in a press release.The objective of the investment financed by ...

Hidroelectrica management asked to speed up all projects begun before 1989

Thursday, December 14, 2023

  After visiting on Saturday a hydropower plant started before 1989, in the northeastern county of Iasi, near Pascani, which is currently in an 80% execution stage, the Energy minister Sebastian Burduja asked the Hidroelectrica management to accelerate all investments that were begun before 1989."The project you see here, this reservoir in the making, is 80% complete, it will have a capacity of 68 million cubic meters of water. We are next to ...

Romania plans to have 30,000 charging stations for electric cars by mid-2026

Thursday, December 14, 2023

Romania plans to develop its national infrastructure of alternative fuels for road vehicles and in particular the installation of at least 30,000 charging stations, by mid-2026, through the National Recovery and Resilience Plan (PNRR), the European commissioner for transport, Adina Valean, said on Wednesday, at an event dedicated to sustainable mobility."In the National Recovery and Resilience Plan, there are projects to develop the national infrastructure ...

GDF buys back the shares of FP in Engie Romania, offers 87 mln. euro

Thursday, December 14, 2023

GDF International made a firm offer to Fondul Proprietatea (FP), in the amount of 87 million euro, to take over the entire holding it has in the share capital of Engie Romania, FP announced.   “Franklin Templeton International Services SPRL, in its capacity as administrator of alternative investment funds and sole administrator of Fondului Proprietatea SA, wishes to inform the shareholders that it ...

World Bank ready to support Romania to reach its green energy targets

Thursday, December 14, 2023

Romania will have a difficult task in achieving its climate targets, and digitalization and private sector involvement are crucial to the success of this plan, said Anna Akhalkatsi, Country Manager for Romania and Hungary at the World ...

Ambassador Gavin Buchan : Canada and Romania to continue nuclear energy collaboration

Thursday, December 14, 2023

The collaboration between Canada and Romania in the nuclear energy sector will continue both in the area of the modernisation of Unit 1 of the Cernavod? power plant and the construction of reactors 3 and 4, said Gavin Buchan, Canada’s Ambassador to Romania, Bulgaria and the Republic of ...

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