Energy & Environment
Bulgaria and Romania are working on a framework of joint energy projects, offshore wind is targeted
Thursday, February 8, 2024
The Ministries of Energy in Bulgaria and Romania are working on a general framework for joint energy projects, State Secretary in the Bulgarian Ministry of Energy Nikolai Nikolov said n Bucharest, reports BTA. “We cooperate very well with Romania. In the last six months, we have worked hard with our Romanian colleagues to set up a general framework for projects,” said Nikolai Nikolov, quoted by ...
A new restriction blocks wind turbines in Dobrogea, considered dangerous obstacles for planes
Thursday, February 8, 2024
Developers of wind projects in Dobrogea have been facing a new problem for some time, namely the lack of approval from the aeronautical authority, which recently considers that the turbines are too high and refuses to issue positive approvals for new constructions, after the change in the minimum altitude level of flight (MOCA – minimum obstacle clearance altitude), claim market sources consulted by ...
ING Study: Majority of Romanian homeowners have taken measures to improve energy efficiency
Thursday, February 1, 2024
The majority of the homeowners in Romania (83% of the interviewed ones) state that they took measures to improve the energy efficiency of their homes over the last three years, especially by improving the thermal insulation and the reduction of the energy consumption of the devices, according to a study made by Ipsos for ING in seven countries.Similarly, according to the quoted source, only 8% of the homeowners in ...
Crude oil production, down by 4.3%, imports down by 16.9% 11 months into 2023
Thursday, February 1, 2024
Romania produced, in the first 11 months of 2023, a quantity of crude oil of 2.562 million tons of oil equivalent, 114,300 toe less (-4.3%) compared to the same period the previous year, according to centralized data by the National Institute of Statistics (INS).Crude oil imports rose, in the January-November 2023 period, to 6.696 million toe, being 1.36 million toe below those recorded in the first 11 months of 2022 (-16.9%).According to the latest Energy ...
Rezolv Energy Signed The Connection Contract For A Wind Farm In Dobrogea
Thursday, February 1, 2024
Rezolv Energy, a company that develops several renewable projects in Romania, announces the signing of the contract for the connection of the future 600 MW Danube East and West wind farm in Constanta county. During the construction phase, the project will generate 250 jobs. The park will have 100 turbines. “We are delighted to announce that we have signed the grid connection agreement ...
Prosumers to become a key pillar of the renewable energy sector in Romania
Thursday, February 1, 2024
Prosumers will become an important pillar in the field of renewable energy in Romania. At the beginning of this year, their number reached 108,000. Of these, over 60% built their photovoltaic units with their own funds or bank loans, said Dan Pirsan, president of the Association of Prosumers and Energy Communities (APCE) in an interview for Energynomics. “Out ...
Nofar Energy Group expects 55 million euros from EBRD for 2 PV projects in Romania
Thursday, February 1, 2024
Nofar Energy, an Israeli renewable energy company listed on the Tel Aviv Stock Exchange, plans to borrow up to 55 million euros from the European Bank for Reconstruction and Development (EBRD) to build two photovoltaic projects in Romania with a total capacity of 315 MW. The financing involves a loan of up to €55 million to RTG Solar Energy SRL (“Iepure?ti Project – 169 MW”) and Solis Imperium SRL (“Ghimpati Project ...
AEI asks the Gov’t for urgent measures to avoid doubling the price of gas in 2025
Thursday, February 1, 2024
The Intelligent Energy Association (AEI) requests the Government, through an open letter, to urgently take some measures to avoid the doubling of the gas price in 2025, coming up with a proposal for a Post-Capping Energy Price Strategy. According to a press release, the price of natural gas reached on Monday on the TTF Stock Exchange the value of 27.85 euro/MWh, a price 10 times (925%) lower than the period in which Romania implements the gas price ...
Government to participate in public-private dialogue on circular economy, in collaboration with the International Finance Corporation
Thursday, February 1, 2024
The Romanian Government is collaborating as a key dialogue partner with the private sector in a pivotal workshop on circular economy, scheduled to take place in Bucharest, at the InterContinental Athénée Palace, Regina Maria Hall, on January 31, in a joint effort with the International Finance Corporation (IFC). This event represents a proactive step towards the operationalization of Romania’s Circular Economy Action Plan. The objective of this ...
PPC expands management team in Romania
Thursday, February 1, 2024
PPC said it expanded its local management team with two new Romanian directors. Ionut Duna is the general manager of PPC Energie and PPC Energie Muntenia, while Adrian Dugulan has been appointed general manager of PPC Renewables Romania. Ionut Duna has a solid background in the telecommunications, banking, IT&C and energy sectors. He worked for ...
Romgaz reports 3% decline in hydrocarbon production last year
Thursday, February 1, 2024
Romanian natural gas producer and supplier Romgaz (BVB: SNG) reported for last year a preliminary volume of extracted natural gas of 4.79 billion cubic meters - 30.97 million boe (oil equivalent barrels), down 3% compared to the previous year, according to preliminary operational results for 2023. As regards the electricity, Romgaz produced 13.3% less last year, namely 962.6 GWh. "In the field of exploitation of hydrocarbon deposits, the ...
Romgaz to issue EUR 500 mln bonds in H1
Thursday, February 1, 2024
Romania’s state-controlled natural gas company Romgaz (BVB: SNG) will launch during H1 the first of the two EUR 500 million bond issues planned to mainly finance the Neptun Deep offshore ...
Government approved the Elcen – Termoenergetica merger
Thursday, February 1, 2024
The government approved a memorandum by which the electricity and heat producer Electrocentrale Bucharest will merge with Termoenergetica, the owner of the thermal agent distribution network in the Capital. The new company could be established this year, and the majority stake would go to the Ministry of Energy. This in the conditions where Termoenergetica has debts of over 800 million lei in ...
Coal production down by 18.2%, imports decreased by 50.1% 11 months into 2023
Thursday, February 1, 2024
Romania's net coal production totaled, in the first 11 months of 2023, more than 2.313 million tons of oil equivalent, being 18.2% lower (minus 514,500 toe) compared to the same period in 2022, according to the centralized data of National Institute of Statistics (INS).In the mentioned period, Romania imported 185,600 toe of net coal, with 186,600 toe less (minus 50.1%) compared to the amount imported the previous year in the same period.According to the ...
Hidroelectrica expects lower profits after last year's record EUR 1.2 bln
Thursday, February 1, 2024
From a record of RON 6 billion (EUR 1.2 billion, +35% y/y) in 2023 achieved thanks to a record electricity output, Hidroelectrica expects its net profit to decrease to more normal levels in the coming years: RON 4.83 billion in 2024, RON 4.78 billion in 2025, and RON 4.65 billion (EUR 0.9 billion) in 2026, according to documents prepared by the company's management to the shareholders invited for a meeting on February 28. The company expects to sell ...
Energy minister, Transgaz sign funding contracts worth 93.58 million euros
Thursday, January 25, 2024
Energy Minister Sebastian-Ioan Burduja and Transgaz Director General Ion Sterian signed financing contracts worth 93.58 million euros for the construction of the Black Sea - Podisor and Ghercesti - Jitaru natural gas transmission pipelines."In the current geopolitical context, it is vital that projects to strengthen the natural gas transport infrastructure (hydrogen ready) obtain the funding allocated to Romania. I have said since taking office that I have ...
ENGIE Romania Bought 80MW Wind Farm
Thursday, January 25, 2024
ENGIE Romania has bought an operational wind farm with a capacity of 80MW, with RTPR providing legal assistance. The transaction is subject to the Competition Council approval and the fulfillment of the conditions precedent agreed by the parties. The RTPR team involved in this project was coordinated by Mihai Ristici (Partner) and Vlad Stamatescu (Counsel) and further included Bogdan Cordos (Energy Law Consultant), Cezara Urzica, Andreea Nedeloiu ...
Transgaz announces expansion of Vertical Corridor by adding three new operators
Thursday, January 25, 2024
An important step towards the activation of a bi-directional corridor of natural gas flows from Greece to Ukraine and vice versa was taken on Friday by the natural gas infrastructure operators participating in the Vertical Corridor initiative, through signing the Memorandum of Understanding by the operators from the Republic of Moldova (Vestmoldtransgaz), Ukraine (GTSO) and Slovakia (Eustream), a Transgaz press release informs.The Memorandum of Understanding ...
EBRD sells over 200,000 shares in Electrica, participation falls below 5 pct threshold
Thursday, January 25, 2024
The participation of the European Bank for Reconstruction and Development (EBRD) in Electrica's capital fell below 5%, after the international financial institution sold, at the beginning of this week, 205,505 shares of the company, according to a press release sent to the Bucharest Stock Exchange (BVB).Electrica informed investors and shareholders on Friday that, on January 19, 2024, it received a notification from EBRD, regarding the selling of ...
Solar parks in six counties get environmental permits
Thursday, January 25, 2024
Solar parks in six Romanian counties have been issued environmental permits from the National Environmental Protection Agency (ANPM), according to an ANPM press statement released on Friday."The solar parks in Arad County are an important category of projects approved by APM Arad in 2023, according to data provided by the county agency. They will be developed in the coming years by two private companies on impressive areas of 1,065 and 690 hectares, respectively. Such ...