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Energy & Environment

Romania approves Long Term Strategy for reducing greenhouse gas emissions

Thursday, November 30, 2023

Romania's Long Term Strategy (LTS) for reducing greenhouse gas emissions, which aims to make Romania neutral by 2050, was approved on Wednesday by the Government, the Ministry of Environment, Water and Forests (MMAP) said."With the approval of the Strategy in the Executive meeting and its communication to the European Commission, we practically close the infringement procedure against our country. Climate change is a fundamental problem for our society. They ...

Official:Romania not doing well in terms of usable water 

Thursday, November 30, 2023

 Romania is not doing well in terms of usable water, recording 2,660 cubic metres per person per year, compared to the European Union average of 4,000 cubic meters, coordinator of the Department for Sustainable Development Laszlo Borbely told a specialist conference.He mentioned, at the conference "The impact of the circular economy on the water sector in Romania," held at the Government House on Wednesday, that Romania has, since 2022, a circular ...

Nuclearelectrica and consortium led by AtkinsRealis sign agreement to refurbish unit 1 of Cernavoda nuclear plant

Thursday, November 30, 2023

  Nuclearelectrica, together with Candu Energy Inc. (CEI), a subsidiary of the Montreal-based SNC-Lavalin Group Inc. doing business as AtkinsRealis, and the Canadian Commercial Corporation (CCC), a federal state-owned corporation, signed a 781 million Canadian dollars agreement on Tuesday to supply reactor tooling and components, as well as services of engineering and technology, to extend the life of Unit 1 CNE Cernavoda.According to a press ...

Prosumers to reach about 1,500 MW in installed capacity by end-2023

Thursday, November 30, 2023

The number of prosumers in Romania has reached 97,000, with an installed capacity of 1,225 MW, expected to near 1,500 MW at the end of 2023, Deputy Chairman of the National Energy Regulatory Authority (ANRE) Gabriel Andronache said."We started the year with 44,000 prosumers and, at that time, they had a capacity of 478 MW. We expect that by the end of the year we will near 1,500 MW, and at the end of Q1 2024 we should near 2,000 MW, hoping that the Green ...

Coal production drops 16 pct in first 9 months, imports down by 51 pct

Thursday, November 30, 2023

 Romania's net coal production totaled, in the first nine months of this year, over 1.918 million tons of oil equivalent, being 16% lower (minus 366,700 toe) compared to the same period in 2022, according to the centralized data of the National Institute of Statistics (INS).In the mentioned period, Romania imported 166,700 toe of coal net, with 173,500 toe less (minus 51%) compared to the amount imported the previous year in the same ...

Paroseni thermoelectric power plant to use biofuel instead of coal

Thursday, November 30, 2023

   The Ministry of Energy and US company American Bio-Carbon Delaware LLC signed on Monday a memorandum for the transformation of the Paroseni thermoelectric power plant into a modern facility that will use biofuel instead of coal."The Ministry of Energy announces the signing of a Memorandum of Understanding (MOU) on November 27, 2023, at noon, thus strengthening the Romanian-American strategic partnership in mining and renewable energy in ...

Energy minister: Two global energy industry heavyweights interested in Tarnita-Lapustesti project

Thursday, November 30, 2023

Two of the world's energy industry heavyweights - France's EDF and Japan's Itochu - have expressed their interest in the Tarnita-Lapustesti project and proactively came forth to provide to the ministry all their resources and expertise, Energy Minister Sebastian Burduja told the Future Energy Europe Summit, now at the 2nd edition."The project that is close to my heart, and will you please support it, is the Tarnita-Lapusstesti [pumped-storage hydropower] ...

Energy sector most affected by cyber-attacks business sector in Romania in 2023 

Thursday, November 30, 2023

Energy, transport, governmental and public services sectors have been the most affected by cyber-attacks in Romania in 2023, with 72% of the total incidents reported there, according to the findings in the latest Business Internet Security report prepared by Orange Business.According to the report published on Thursday, the energy sector reported 31% of the total attacks, followed by transport, with over 22%, the government and public services sector (19%), ...

Rompetrol Rafinare continues investments in storage capacities

Thursday, November 30, 2023

Rompetrol Rafinare, member company of the KMG International Group (Rompetrol), has completed the modernization of two new tanks in the storage park of the Petromidia Navodari refinery. The investment for the two projects was approximately 6.5 million dollars and is part of a general program of maintenance, rehabilitation and modernization of the storage park.   "Through such works, we aim to increase ...

The largest photovoltaic park in Transylvania will be built in Bistrita, with funding from PNRR  

Thursday, November 23, 2023

The largest photovoltaic park in Transylvania with over 5,500 modules, will be built in Bistrita, with financing through the National Plan for Recovery and Resilience (PNRR) and the finalizing deadline of the investment is the summer of 2024, according to the press release of the producer of car batteries, Rombat, sent on Monday.The photovoltaic park ...

CE calls on Romania to remedy deterioration of water body related to construction of small hydropower plants

Thursday, November 23, 2023

The European Commission decided on Thursday to send Romania an additional official letter of delay because it did not correctly implement the Directive establishing a framework for Community water policy (Directive 2000/60/EC) and the Council Directive on the conservation of natural habitats and species of wild fauna and flora (Council Directive 92/43/EEC) on the authorization and construction of small hydropower plants, reads a press release from the European ...

EC asks five states and Romania to correctly transpose directive on waste

Thursday, November 23, 2023

The European Commission decided on Thursday to initiate infringement proceedings by sending formal letters of formal notice to Romania, Bulgaria, Cyprus, the Czech Republic, Estonia and Austria aimed at remedying deficiencies in the transposition of Directive 2008/98/EC on waste, as amended by Directive (EU) 2018/851/EU, according to a statement issued by the EU executive.The amended directive sets legally binding targets for recycling and preparing for ...

Reveal Marketing and Efficient Romania: 70% of Romanians want to reduce energy waste

Thursday, November 23, 2023

  Reveal Marketing Research carried out for Efficient Romania a nationally representative study among urban residents, to find out if and what solutions Romanians have identified and implemented to make energy consumption more efficient compared to the previous year, in the context in which we are witnessing a significant increase in utility prices.   In Romanians’ perception, energy ...

ProCredit finances nextE with 3.15 million euros for a 7.4 MWp photovoltaic plant

Thursday, November 23, 2023

ProCredit Bank Romania has successfully completed the granting of financing in the amount of 3.15 million euros to the nextE Group, as part of an innovative project on the renewable energy market. With the completion of this agreement, ProCredit Bank initiates the financing of EaaS (Energy as a Service) projects of particular importance for the business environment in Romania. The project has agreed to a PPA (Power Purchase Agreement) for 25 years, of the corporate ...

Restart Energy has implemented two photovoltaic panel systems for the company Moldova Farming

Thursday, November 23, 2023

Restart Energy, a leading company in energy transition services, has completed the construction and installation of two photovoltaic power generation systems for Moldova Farming SRL, with a total investment of approximately 300.000 euros.   The projects have a combined capacity of 403.2 kWp and were installed on two buildings belonging to the beneficiary, located in ...

Virgil Popescu: Romania can become a natural gas hub, after Black Sea gas production starts

Thursday, November 23, 2023

All conditions will be in place for Romania to become a natural gas hub once production in the Black Sea starts, Chairman of the Chamber of Deputies Committee on the Environment and Ecological Balance Virgil Popescu, a former energy minister, said on Monday."All conditions will be in place for Romania to become a natural gas hub and I am convinced that we will manage to be a natural gas hub once production in the Black Sea starts," Popescu told the Natural ...

Romania's crude oil production declines 4pct nine months into 2023 as imports decrease by 11.8pct

Thursday, November 23, 2023

 In the first nine months of 2023, Romania produced 2.103 million tons of oil equivalent (toe) of crude oil, 87,100 toe less (-4%) y-o-y, according to data published by the National Institute of Statistics (INS).In the January-September 2023 period, crude oil imports rose to 5.705 million toe, being 763,300 toe (-11.8%) below those recorded in the first nine months of 2022.According to the latest energy balance forecasts published by the ...

EY Study: Offshore wind reaches crossroads, as spiraling costs and supply chain issues force developers to reassess projects

Thursday, November 23, 2023

Turbulent times in the offshore wind sector could change the way large-scale energy projects are built and funded in the future, according to the ...

Hidroelectrica's net profit up by 42 pct in the first nine months of 2023

Thursday, November 16, 2023

Hidroelectrica Group recorded a net profit of RON 5.184 billion in the first nine months of 2023, up 42% from RON 3.648 billion in the same period last year, shows data submitted to the Bucharest Stock Exchange (BVB).The energy produced and sold (net) increased by 38% to 14,101 GWh, with net production by 22% higher in the third quarter of 2023, year-over-year."Considering the 38% surplus production compared to the same period of the previous ...

SNTGN Transgaz, net profit 86% lower, at 9 months

Thursday, November 16, 2023

SNTGN Transgaz closed the first three quarters of 2023 with a net profit of 37.464 million RON, down 86% compared to the same period last year, when it reported 273.559 million RON, according to the financial results submitted to the Bucharest Stock Exchange (BVB)."Compared to the achievements on September 30, 2022, the gross profit achieved on September 30, 2023 is lower by 84%, respectively by 279,211 thousand RON, and the net profit is lower by 86%, ...

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