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Energy & Environment
Energy production in photovoltaic solar power plants up 60.5% in first eight months
Thursday, October 17, 2024
Energy production in photovoltaic solar power plants amounted to 2.57 billion kWh in the first eight months of this year, up 60.5% compared to the same period last year, according to data the National Institute of Statistics (INS) published on Monday.The figures for solar energy produced in photovoltaic installations include prosumers.On the other hand, output from wind power plants totaled 4.10 billion kWh, down 16.9% (835.9 million kWh) compared to the ...
Damen Shipyards Mangalia Signs Ship Repair Deal, Delivers For Neptun Deep Project
Thursday, October 17, 2024
Damen Shipyards Mangalia announced the signing of a new ship repair contract for the crude oil tanker “M/T Nusa Merdeka,” along with the successful delivery of the first two Conductor Anchor Node (CAN) structures for the Neptun Deep project in the Black Sea. These developments come shortly after the yard secured two additional repair contracts for the “M/T Tahiti” and “M/T Hadal Sally.” These achievements are especially noteworthy given that the ...
EnergMin Burduja: Romania has one of the highest levels of energy poverty among EU countries
Thursday, October 17, 2024
Energy poverty is still a thing in Romania, with the country having one of the highest levels among the member states of the European Union, according to Energy Minister Sebastian Burduja."Romania has, unfortunately, one of the highest levels of energy poverty among the European Union states. Although many of us take for granted the fact that we can turn on the light, the TV or the microwave when we get home, the heat from the radiators, the hot water, the truth is that ...
Romgaz, E.ON Energie Romania conclude sales-purchase agreement for natural gas worth 3.84 M RON
Thursday, October 17, 2024
National gas company Romgaz on Thursday concluded with E.ON Energie Romania a sales and purchase agreement for natural gas worth 3.845 million RON (without VAT), according to a report submitted to the Bucharest Stock Exchange (BVB) on Friday.The agreement provides for the sale and purchase of natural gas for the period November 1, 2024-April 1, 2025, and a Bank Guarantee Letter was established as a guarantee.The payment must be made within ...
Romania, Egypt boost economic ties with focus on energy, investment
Thursday, October 17, 2024
Romania and Egypt have agreed to deepen economic ties, with a focus on energy cooperation, investment, and promoting trade, according to a statement from the 4th session of the Romanian-Egyptian Joint Committee for Economic, Scientific, and Technical Cooperation, https://www.dailynewsegypt.com/ ...
WWF: Romania did not complete energy and climate plan it was supposed to send to EC by June 20
Thursday, October 17, 2024
Romania failed to complete an energy and climate plan that it should have submitted to the European Commission by June 30, 2024, claim WWF-Romania experts, in a press release sent on Friday.According to this source, the member states of the European Union (EU) must present an energy and climate plan that aims to reduce greenhouse gas emissions by at least 55% by 2030 and, although the deadline for submitting the plan was June 30, 2024, Romania has not yet completed this ...
Romania about to roll out CfD scheme for nuclear & offshore wind energy, power storage
Thursday, October 17, 2024
With Romania about to launch its first Contracts for Difference (CfD) scheme, it is very important that it works very well right from the beginning, so that new CfD arrangements for other technologies such as nuclear, battery storage or offshore wind energy follow, Energy Minister Sebastian Burduja said on Thursday.Romania's move towards such financial agreements "means that, following a bidding process, fixed electricity selling prices will be set for 15 years for ...
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 ...