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Energy & Environment
RWEA: Investments in renewable sources of energy should be included in Recovery and Resilience Facility
Thursday, September 3, 2020
The Government should include in the Recovery and Resilience Facility investments in renewable energy sources, in order to be able to access European funds for this purpose, according to a release of the Romania Wind Energy Association (RWEA) sent on Wednesday.These investments are essential for economic rebuilding at the national level at the end of this crisis period, claim the investors in the wind energy production.Furthermore, RWEA requests that ...
Transgaz reports net profit up 18 pct for first semester
Thursday, September 3, 2020
National gas pipeline operator Transgaz recorded a net profit of 231 million lei in the first half of this year, an increase of 18 pct compared to the result in the same period last year, according to the report submitted to the Bucharest Stock Exchange on Thursday. (1 euro = rd 4.84 lei) The net revenue is 139 pct higher than planned in the revenue and expenditure budget. At the same time, the company's turnover decreased by 10 pct compared to last year, to 851 million ...
ENEL GREEN POWER BEGINS OPERATING LARGEST SOLAR PLANT IN TEXAS
Thursday, September 3, 2020
Enel Green Power has completed the 245 MW second phase of the Roadrunner solar plant, which, has a total capacity of 497 MW Roadrunner’s completion increases Enel Green Power’s operating portfolio to over 6 GW of renewable capacity across the US and Canada Enel Green Power ...
The subsidiary Electrica Furnizare has completed the acquisition of the Stanesti Photovoltaic Park
Thursday, September 3, 2020
Electrica started the diversification process, by taking over the Stanesti 7.5 MW photovoltaic park, according to a report of the company presented to the Stock Exchange. ”We want to develop a mix of generation, with wind, solar and gas. Gas is an element of transition, until storage solutions will ...
EC: EU gas production fell by 23% in Q1, with Romania in second place
Thursday, September 3, 2020
The European Union’s gas production fell by 23% in the first quarter of this year (Q1), while Romania remained second in the list of countries that extract natural gas, according to a report by the European Commission’s Directorate-General for Energy. Thus, total EU production in the first three months of the year reached 16 billion cubic meters. The Netherlands is the main producer, with 7.2 ...
OMV Petrom completes the acquisition of OMV Offshore Bulgaria, entering Han-Asparuh offshore exploration block
Thursday, September 3, 2020
OMV Petrom, the largest energy company in Southeastern Europe, completed the transaction for the acquisition of 100% of the shares in OMV Offshore Bulgaria GmbH from OMV Exploration & Production GmbH and enters the Han-Asparuh exploration block in Bulgaria. Following Repsol’s exit, the Bulgarian regulator approved the allocation of Repsol’s 30% participating interest to the remaining two partners, the company ...
EU to sanction Turkey’s energy sector, pushes for de-escalation
Thursday, September 3, 2020
EU foreign ministers agreed on Friday (28 August) on a list of sanctions against Turkey in the event that Ankara does not de-escalate its actions in the increasingly tense Eastern Mediterranean, including illegal drilling for oil and gas. The first phase of sanctions concern Turkey’s energy sector, i.e. companies involved in the illegal drillings in the Eastern Mediterranean in the exclusive economic zones of Greece and ...
Electric-Up Program: 200 mln. euro for photovoltaic panels and e-charging stations
Thursday, September 3, 2020
Ministry of Economy, Energy and Business Environment proposed, in the Government meeting, at first reading, an emergency ordinance for the approval of the Electric-Up Program, with a budget of 200 million euro, said the head of the Chancellery of the Prime Minister, Ionel Danca. The program will ...
The price of electricity fell by more than 30% in July on DAM
Thursday, September 3, 2020
The price of electricity decreased by over 30% in July 2020, compared to July 2019, on the market segment for the next day (DAM), according to OPCOM data consulted by energynomics.ro. Thus, in July 2020, 1.85 TWh were traded on DAM, with 1.3% more than in July 2019, and the average closing price was of about 179 lei/MWh, with almost 31.4% smaller than the mentioned period. Expressed in euros, the price ...
Rompetrol Rafinare, a new type of product for the production of protective medical masks
Thursday, August 27, 2020
Rompetrol Rafinare through its petrochemical division - the only polymer producer in Romania has successfully developed a new product in the last 3 months, a special type of polypropylene dedicated to protective medical masks. It’s meant for the middle layer of the mask, the most important layer for filtering and protecting against pathogens. It is a premiere for Romania and Central and Eastern Europe, a major success of the team of specialists ...
ENEL X TEAMS UP WITH HUBJECT TO STREAMLINE PAYMENT SOLUTIONS FOR THE E-MOBILITY INDUSTRY
Thursday, August 27, 2020
Hubject, the world leading roaming platform will provide settlement solutions to facilitate transactions between charging point operators and e-mobility service providers, with the aim to boost profitability of electric mobility Enel X subsidiary Enel X Financial Services has been awarded a long-term partnership agreement with Hubject leveraging on the company’s fintech ...
Participation of BULGARTRANSGAZ in the Alexandroupolis LNG Terminal
Thursday, August 27, 2020
The Greek company Gastrade SA announces the signing of the agreement for the acquisition of 20% of its share capital by the Bulgarian company BULGARTRANSGAZ EAD (BTG), operator of the National Natural Gas System of Bulgaria, the company said in a statement. The agreement was signed in Athens by the Founding Shareholder Chairman of the Board of Directors of Gastrade, Mrs. Elmina Kopelouzou and the CEO of Bulgartransgaz, Mr. Vladimir Malinov in the ...
Euractiv: Turkey announces historic gas discovery in Black Sea
Thursday, August 27, 2020
President Recep Tayyip Erdo?an on Friday (21 August) said Turkey had made its biggest-ever discovery of natural gas after completing new exploration work in the Black Sea, euractiv.com reports. Erdo?an said the 320-billion-cubic-metre deep sea find was made at a site Turkish vessel Fatih began exploring last month, adding he hoped to see the first gas reach Turkish consumers in 2023, the 100th anniversary of the birth of the modern ...
FPPG : Turkey could become Romania's partner in Black Sea gas projects
Thursday, August 27, 2020
Turkey could become Romania's partner in Black Sea gas exploitation projects, with the huge discovery of gas in Turkish waters, Daniel Apostol, director of foreign relations with the Romanian Federation of Petroleum and Gas Employers (FPPG) told Agerpres on Monday.On Friday, Turkey announced the discovery of deposits estimated at 320 billion cubic meters of gas in the Black Sea, near the Neptun Deep perimeter in Romanian territorial ...
E-Distributie invests 100 million euros in 2020 in the modernization of electricity networks in Romania
Thursday, August 27, 2020
E-Distributie companies in Romania will invest 483 million lei (approximately 100 million euros), during the current year, in the modernization of the electricity network in Bucharest and in the ten counties in Romania in which they operate. The value of this year’s modernization programs adds up to the 2.025 billion lei investments made by E-Distribu?ie Banat, E-Distributie Dobrogea and E-Distributie Muntenia during the 2015-2019 ...
Hidroelectrica's H1 net profit drops 11 pct YoY
Thursday, August 27, 2020
Hydropower producer Hidroelectrica posted a mid-year net profit of 806 million lei, by 11 percent less YoY, the company said in a report posted on its website.The company's EBITDA (earnings before interest, taxes, depreciation and amortization) was 26 percent less, at 1.251 billion lei, while operating revenues fell 23 percent to 1.823 billion lei."Operating revenues in the first half of the year were lower than in the same period of 2019 as a result ...
Romgaz analyzes potential takeover of Bucharest’s heat supplier
Thursday, August 27, 2020
State-owned Romgaz, one of the two big gas producers in Romania, analyzes the takeover of Electrocentrale Bucuresti, a state-controlled electricity and heat producer that generates the heat and hot water for households in Bucharest. Electrocentrale Bucuresti is under judicial reorganization due to cash flow problems. The reorganization plan drafted by the company’s judicial ...
CE Oltenia will send for approval to Brussels a restructuring plan worth 7 bln. Lei
Thursday, August 27, 2020
Oltenia Energy Complex (CEO) and the Ministry of Economy will send for approval to the European Commission, through the Competition Council, the company’s restructuring plan, which provides for total investments of 7 billion lei in the period 2021-2026, according to a CEO statement. The Oltenia Energy Complex has benefited from a rescue aid worth 1.2 billion lei, and will either repay it within a maximum of six months or, if the company’s ...
Energy suppliers must purchase 3.8 million green certificates for Q 2
Thursday, August 20, 2020
Companies that deal with energy supply must purchase a total of 3.8 million green certificates for quarter 2, 2020, according to a document posted on the ANRE website. Electrica Furnizare must purchase 842,605 green certificates, followed by Enel Energie Muntenia with 423,683 certificates, Enel Energie – 400,736 certificates, E.ON Energie -370,888, CEZ Vanzare -322,176 and Tinmar Energy – 248,609 ...
E.ON Romania developed 74 projects for solar energy production in last two years
Thursday, August 20, 2020
E.ON has developed in Romania, since 2018 to the present day, 74 project for the production of solar energy for customers from different economy sectors, according to a company press release. Of them 29 projects were completed and other 45 projects are in varied development stages. 25,000 photovoltaic panels have already been installed for 58 companies from the most performing industries such as ...