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Energy & Environment
Government announces strategy to align mining legislation to the EU's Critical Raw Materials Act
Thursday, April 25, 2024
Euro Sun Mining Inc., (“Euro Sun” or the “Company”) through its wholly owned Romanian subsidiary, SAMAX Romania S.R.L., wishes to highlight the Romanian Government’s strategic announcement on April 22, 2024 , formally listing copper as a strategic and critical material, and their planned ...
Tenders for the selection of the consultants for the studies for the Electricity Interconnection between Greece and Egypt are launched
Thursday, April 25, 2024
* The first tender calls were published in the Greek and international press. ELICA MEDITERRANEAN ELECTRICAL INTERCONNECTION S.M. ...
Takeover of EP Wind Project (ROM) Six by Engie Romania, authorized by Competition Council
Thursday, April 25, 2024
The transaction by which Engie Romania wants to take over the producer of electricity from renewable sources, EP Wind Project (ROM) Six, was authorized by the Competition Council.According to a press release of the competition authority, sent on Wednesday, following the analysis of this transaction, it was found that the operation does not raise significant obstacles to effective competition on the Romanian market or on a substantial part of it, as well as that "there are ...
OMV Petrom shareholders approved the distribution of record dividends of 2.6 billion lei for 2023
Thursday, April 25, 2024
Distribution of record high base dividends of around 2.6 billion lei for the financial year 2023 Entering the highest investment levels in the history of OMV Petrom with a budget of approximately 8 billion lei in 2024, 71% higher than 2023 OMV Petrom announces the resolutions passed during the General ...
OMV Petrom to test innovative carbon capture facility at Petrobrazi
Thursday, April 25, 2024
OMV Petrom will test from June, at the Petrobrazi refinery, a new carbon capture and utilization technology. The installation consists of three units. The tests are part of a demonstration campaign carried out in three countries – Denmark, Romania and Greece – within an innovation project financed with European funds – ConsenCUS. The first captures CO2 through a more efficient technology than traditional ...
Delgaz Grid invests more than 7.75 million lei to upgrade the gas network in 4 localities in Bistrita-Nasaud
Thursday, April 25, 2024
Five investment projects in the distribution of natural gas whose total value surpasses 7.75 million lei (1.5 million euro), were planned for this year by Delgaz Grid in Bistrita-Nasaud county.According to a press release of the company sent on Monday, the works include the modernization of the gas grid on a length of almost 24 km in four localities in the county. As a result of investments, the supply of natural gas to the people will ...
Crude oil production declines 2.9pct two months into 2024
Thursday, April 25, 2024
In the first two months of 2024, Romania produced 449,400 tonnes of oil equivalent (toe) of crude oil, down 13,400 toe (-2.9%) y-o-y, according to data with the National Institute of Statistics (INS).Imports of crude oil amounted to 1.395 million toe during the same period, up 59,200 toe y-o-y.According to the latest Energy Balance Forecast published by the National Board on Economic Strategy and Forecasts (CNSP), Romania's crude oil production will be on a ...
Eurowind lands Erste Bank loan for 48-MW wind project in Romania
Thursday, April 25, 2024
Danish renewables developer-operator Eurowind Energy has landed a loan worth EUR 65.33 million (USD 69.6m) to finance the construction of a 48-MW wind farm in Romania, https://renewablesnow.com/news informs. Austrian lender Erste Group Bank AG said on Monday that it has ...
Study: Switching all consumption to electric leads to the highest costs for citizens
Thursday, April 25, 2024
Switching all consumption to electric leads to the highest costs for citizens, while the lowest costs are obtained in the situation of partial switching to electric cars, heating with heat pumps of new buildings and individual houses and development of district heating networks, reveals the results of a study conducted by the Intelligent Energy Association (AEI).Thus, the first study on the energy conversion of a city in Romania into full-electric, conducted by the ...
Delgaz Grid reports damages of over 2.7 million RON of fraudulent energy consumption, in Q1
Thursday, April 25, 2024
About 400 cases of potential fraudulent consumption, of approximately 5.9 million kWh, with a damage of over 2.7 million RON, were identified in the first quarter of this year, according to statistical data published by Delgaz Grid on Friday.The energy inspection, a specialized structure within Delgaz Grid, identified in the first quarter of this year a number of 395 cases of fraudulent consumption, 201 of which were for natural gas, and 194 for the electricity network. The ...
Gas imports up 18,2%, production increases by only 2%, two months into 2024
Thursday, April 25, 2024
Romania imported, in the first two months of 2024, a quantity of usable natural gas of 207,200 tons of oil equivalent (toe), 18.2% higher (+31,900) compared to the same period last year, according to centralized data by the National Institute of Statistics (INS).The domestic production of natural gas totaled, in the mentioned period, 1.283 million toe, being 2% more than in January-February 2023 (+24,900 toe).According to the estimates of the National Commission ...
Renera Energy’s new ambitious project in Romania
Thursday, April 25, 2024
Renera Energy Romania, a subsidiary of the Renera Group, is tackling a new and ambitious project: a 37-ha floating photovoltaic system with an estimated power of 50 MW, https://energyindustryreview.com/ ...
Oil giant bp coming to Romania
Thursday, April 25, 2024
The English oil giant bp, with annual revenues almost as much as Romania’s GDP, is preparing to enter our country, where it will invest in solar energy. The largest solar energy developer in Europe, the British company Lightsource BP, is preparing its entry into Romania, after the control of the business will be fully taken over by the British oil giant bp (formerly British Petroleum), an annual business of over 200 billion ...
Hidroelectrica and Masdar expand scope of collaboration agreement
Thursday, April 25, 2024
Hidroelectrica and Masdar have agreed to expand the scope of the joint venture company (JVC) to be established, so that it includes the implementation of on-shore and floating solar photovoltaic projects, as well as the implementation of storage systems of energy in batteries, under conditions of technological exclusivity, for a period of three years."As regards the exclusive collaboration, it can be extended for an additional period of three more years, under the ...
EPG, WWF Romania launch project to designate renewable acceleration areas in Romania, Bulgaria and Hungary
Thursday, April 25, 2024
Energy Policy Group (EPG) and WWF-Romania (World Wildlife Fund) have launched the RENewLand project, which proposes a model for an intersectoral and multidisciplinary approach to designate areas suitable for accelerating wind and solar energy in Romania, Bulgaria and Hungary."With the adoption of the new Energy Law in 2023, Romania has simplified the authorisation procedures for wind and solar energy projects. The European Union has allocated non-reimbursable financial ...
Premier Energy completes acquisition of CEZ Vanzare
Thursday, April 18, 2024
Premier Energy, one of the most important suppliers and distributors of natural gas in Romania, announces the completion of the acquisition of CEZ Vanzare, as a result of which the regional customer portfolio of the entire Premier Energy group rises to 2.4 million domestic and non-domestic customers, the company informs in a release, sent on Monday.Once the acquisition is completed, CEZ Vanzare receives a new identity and becomes Premier Energy ...
Transelectrica inaugurates 400 KV High-Voltage Power Line: Iron Gates-Resita
Thursday, April 18, 2024
The Transelectrica SA National Electric Energy Transport Company inaugurated last night, through a ceremony organized in the Portile de Fier/Iron Gates Power Station, the 400 kV Overhead Electric Line Portile de Fier – (Anina) – Resita, according to a press release. The investment project had a total value of 150 million lei, from own funds, the works being executed by the ELECTROMONTAJ S.A. Association. BUCURESTI – ROMELECTRO ...
Electricity consumption, up by 3% in first two months
Thursday, April 18, 2024
Final electricity consumption in the first two months of 2024 was 8.616 billion kWh, 1.7% higher than in the same period in 2023, while domestic production totaled 2.971 million toe, down 23,000 toe (-0.8%), according to data published on Monday by the National Institute of Statistics (INS).The final consumption of electricity in the economy increased by 3%, public lighting increased by 12%, and population consumption decreased by 2.6%.Between January 1 and ...
Eurostat: Romania, the third largest oil producer in the EU
Thursday, April 18, 2024
The largest oil producers in the European Union were, in 2022, Italy (4.5 million tons), Denmark (3.2 million tons) and Romania (3 million tons), according to data published on Monday by Eurostat. According to this source, EU crude oil production continued to decline in 2022, despite a significant increase in oil prices following the Russian invasion of Ukraine. EU oil production fell in 2022 to a ...
Econergy launches commercial operations for 92MW Parau PV project in Romania
Thursday, April 18, 2024
Econergy has announced that its 92MW solar park in Parau, Romania, has started commercial operations, marking the latest step in the company’s growth as a leading European Independent Power Producer. The project, which has begun supplying electricity to the grid and will reach full flow in the coming weeks, will provide green electricity to around 70,000 households, contributing to a reduction in CO2 emissions of ...