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Energy & Environment

Renewables overtook fossil fuels as EU’s main power source in 2020

Thursday, January 28, 2021

Renewables generated 38% of the EU’s electricity in 2020, overtaking coal and gas to become the main source of electricity for the first time ever in Europe, according to fresh data released on Monday (25 January)., euractiv.com informs.   The share of fossil fuels in the electricity mix fell to 37% while the remaining 25% was made up by nuclear power, according to the study published today by think ...

Green bond issue for 3-5 million euro launched by Restart Energy

Thursday, January 21, 2021

Restart Energy will launch a green bond issue seeking to obtain between 3 and 5 million euros for investments, according to a press release sent on Wednesday.The bond issue is also the most important plan of the company at the beginning of the year. The interest will be about 8-10 pct, and the listing on the Bucharest Stock Exchange will take place in the coming weeks. The placement will be brokered by the brokerage company Goldring."The bond issue is a first ...

Restart Energy intends to double number of household customers, increase income by 80%

Thursday, January 21, 2021

Restart Energy, one of the biggest independent suppliers of energy and natural gas on the local market, intends this year to double the number of household customers, to 65,000 and to increase its income by approximately 80%, up to 220 million RON.According to a press release sent by the company on Wednesday, the growth is determined by the market liberalization and the adding of new business lines with higher added value, such as that of equipment sale.Thus, ...

Valentin Vasile is the new Marketing Director of Schneider Electric Romania and the Republic of Moldova

Thursday, January 21, 2021

Starting with January of this year, Valentin Vasile holds the position of Marketing Director of Schneider Electric Romania and the Republic of Moldova. Valentin’s appointment is an internal promotion, from his previous position of Customer Satisfaction & Quality Business Partner at Schneider Electric Romania, a position he held for three years.   “Valentin’s arrival as Marketing Director of the company marks even more clearly our orientation towards ...

Eurohold gets approval from the Energy and Water Regulatory Commission to acquire the subsidiaries of CEZ Group in Bulgaria

Thursday, January 21, 2021

The Energy and Water Regulatory Commission granted approval to Eurohold Bulgaria for the acquisition of the Czech energy company CEZ Group’s subsidiaries in Bulgaria.   In this ...

Jan - Nov 2020 final electricity consumption drops 4 pct YoY

Thursday, January 21, 2021

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Romania's final electricity consumption over January - November 2020 amounted to 48.4 TWh, by 4 percent less from the same period of the year before, the National Institute of Statistics (INS) informed today.Public lighting consumption dropped 12.2 percent, household consumption went up 4.3 percent and electricity consumption in the economy fell 6.3 percent.Electricity exports were 40 percent higher in the reporting period, INS said.The total power ...

OMV Petrom’s output and sales, down around 7% yoy in Q4

Thursday, January 21, 2021

Romanian oil and gas group OMV Petrom (SNP) reduced its total hydrocarbon production by 7.6% year-on-year to 140,200 barrels of oil equivalent (boe) per day in Q4, 2020.   The output in Q4 was also 0.8% lower than in the previous quarter, according to the group's key operational indicators released on January 14.   The total volume of hydrocarbon sales was 133,300 boe per day, (-6.8% year-on-year, steady quarter-on-quarter), of ...

Drowned in comments, European Commission postponed green finance rules

Thursday, January 21, 2021

The European Commission was forced to delay publication of detailed implementing rules on the EU’s sustainable finance taxonomy because of the sheer number of comments received. In addition, EURACTIV writes that 10 eastern and southern EU member states wielded veto; they complained that natural gas had been denied “transition” fuel status in the draft guidelines, even when it replaces coal in power generation.   The EC published on 20 November 2020 the ...

ANRE extends until June 30 the period in which household consumers can conclude contracts on the competitive market

Thursday, January 21, 2021

  National Energy Regulatory Authority (ANRE) has extended until June 30 the period in which household energy consumers who were previously regulated can choose an offer in the competitive market from their supplier, it is shown in a new draft order of ANRE.   Thus, from January 1, these consumers automatically switch to the new universal service market and the novelty is that if they choose their supplier’s offer on the competitive ...

Resumption of works on the Nord Stream 2 pipeline has been postponed

Thursday, January 21, 2021

The consortium responsible for the Nord Stream 2 gas pipeline project has decided to postpone construction work on the submarine pipeline, which was due to resume on Friday 15 January in Denmark’s territorial waters, a spokesman for the Nord Stream 2 AG consortium told the German daily Handelsblatt, Reuters reports.   “We have permission from the Danish Energy Agency to start works on Friday. But that does not mean we will actually resume ...

USTDA and SN Nuclearelectrica SA Partner to Support the Delivery of Technical Assistance related to SMR sitting assessment

Thursday, January 14, 2021

Today, January 13, 2021, the U.S. Trade and Development Agency (“US-TDA”) and SN Nuclearelectrica SA (“SNN”) announce the awarding by US-TDA of a non-refundable grant in value of $1,277,115 US that aims to fund the cost of services required in connection with the delivery of technical assistance related to identifying and performing a preliminary assessment of new potential SMR compatible nuclear sites in Romania, outside in Cernavoda NPP, the ...

Restart Energy announces a joint venture with the Americans from Interlink Capital Strategies

Thursday, January 14, 2021

Restart Energy, one of the largest independent suppliers of electricity and natural gas in Romania, entered into a joint venture with the Washington, DC based Interlink Capital Strategies to develop 500 million dollars in green energy in Romania and neighboring countries as well as to expand into the US market with an innovative blockchain electricity trading platform.   The investment for Romania will ...

E-Distributie Banat INVESTED 127 MILLION LEI IN 2020 FOR GRID MODERNIZATION, TO THE BENEFIT OF OVER 916,000 CONSUMERS

Thursday, January 14, 2021

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The value of last year's projects adds to the 3.24 billion lei of investments made by E-Distributie Banat from privatization (2006) until 2019   Last year, the company developed the distribution infrastructure with almost 250 kilometers of new and modernized network, on low and medium voltage ...

4 million euro investment in a unit for the production of electricity in Azomures

Thursday, January 14, 2021

The biggest producer of fertilisers for agriculture in Romania, Azomures, announced that they will place an investment of four million euro in a unit for electricity production which will lead to the reduction of the carbon dioxide emissions, so that they can adapt to the requests of the programmed Green Deal of the European Commission.The Azomures spokesperson, Ovidiu Maior, stated that the new electrical unit will generate 5% of the annual consumption of ...

Manfred Paasch, CEO E.ON Romania: Only a free and functioning market can stimulate investors

Thursday, January 14, 2021

Romania should foster and support the development an internal energy market at European level, that should be competitive, integrated and liquid, by ensuring efficient price-setting mechanisms, and an increased delivery security, at the lowest cost possible, Manfred Paasch, CEO of E.ON Romania tells Energynomics in an exclusive ...

PwC: The global economy is projected to rebound by early 2022, with fastest rate in two decades

Thursday, January 14, 2021

The global economy is projected to grow in 2021 by around 5%, the fastest rate recorded in the 21st century, returning the global economy in aggregate to pre- pandemic levels of output by the end of 2021 or early 2022, according to PwC Global Economic Watch 2021.   While the global economy is likely to be back to its pre-crisis levels, the rebound will be uneven across different countries, sectors and ...

Geothermal energy – the meeting point for various economic sectors

Thursday, January 14, 2021

Many believe that new companies and technologies have brought geothermal to the point that it may finally be ready to scale up and become a major player in clean energy. With the technology for accessing deep geothermal developing at faster and faster pace these years, we talked with a geoscientist with over 34 years of experience about this old promise of geothermal energy. For many decades, Stephen Birrell worked in ...

EnergyMin Popescu: After Jan 15 gov't to alter energy law

Thursday, January 7, 2021

The Government will modify the electricity and natural gas law after January 15, Energy Minister Virgil Popescu said on Tuesday, to establish exactly how the liberalization of the market will take place."They have a regulated customer base of 6 million for which they never paid. So this is obvious, when the privatisation was done, the distributions took over the electricity distributions, but not the customers. They automatically took over this database, they took over the ...

ANRE: Order allowing conclusion of retail contracts with current energy suppliers until March 31 not anti-competitive

Thursday, January 7, 2021

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The order of the National Energy Regulatory Authority (ANRE) allowing household consumers to conclude contracts on the competitive market until March 31 only with the current suppliers does not distort competition, but ANRE will examine this aspect together with the Competition Council, ANRE vice-president Nagy-Bege Zoltan said.The energy regulator has a draft order in the making that allows household consumers to opt until March 31 for setting up a contract on the free market ...

Electrica SA completes merger process of three electricity distribution companies within Group

Thursday, January 7, 2021

Electrica SA power supply and distribution corporation has successfully completed the first stage of the merger through absorption of the three electricity distribution companies within the Group, which, as of January 1, 2021, has become Distributie Energie Electrica Romania SA (DEER), informs the company through a press release.The merger through absorption of the electricity distribution companies within the Electrica Group was approved in principle by the Board of ...

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