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Energy & Environment
Level of investments in development of energy distribution network must triple in order to reach targets in 2030
Thursday, November 2, 2023
The investments made by the distribution operators in the development of the network amounted to 13.5 billion RON in the last 6 years, but in order to reach the targets that Romania has for 2030, a tripling of them is needed in a minimum mandatory scenario, the executive director of the Federation of Associations of Energy Utility Companies (ACUE), Daniela Daraban, said during The Sustainability Challenge 2023 conference, on Thursday.In her opinion, for this ...
CIS Gaz signs memorandum of cooperation with Egyptian gas transmission company Town Gas
Thursday, November 2, 2023
CIS Gaz continues the process of expanding and consolidating its presence in Egypt and has signed a Memorandum of Cooperation with Town Gas, the largest gas transmission company in Egypt.According to a press release sent on last Thursday, through this memorandum the two companies will jointly support mutually beneficial projects in the area of natural gas transmission.CIS Gaz participated, between October 9 and 11, with the support of the ...
World Bank: Decarbonizing the Romanian Economy – A Path to Prosperity and Improved Living Standards
Thursday, October 26, 2023
A new report released by the World Bank Group, titled the Romania Country Climate and Development Report ...
Energy Minister estimates that the number of prosumers in Romania will exceed 350,000 by 2030
Thursday, October 26, 2023
The number of prosumers in Romania will reach 236,000 until the end of 2025 and will surpass 350,000 until 2030, stated within the Climate Change a Summit 2023, the minister of energy, Sebastian Burduja.According to the minister, the future calls for financing through the Modernisation Fund as well as through the Programme ‘The Green House’ rely on the idea of energy storage for short, medium and long ...
Official: Romania to be 100% energy hub from 2027
Thursday, October 26, 2023
Romania will be a 100% energy hub from 2027 and must take advantage of its natural gas reserves and transform them into an alternative source of the future through compressed natural gas, Secretary of State with the Ministry of Energy Pavel-Casian Nitulescu told a specialist conference on Wednesday."The previous years, marked by a crisis in energy prices, by the armed conflict at the borders of the European Union, have led to a rethinking of the way member ...
ECITIM completes 13 photovoltaic parks in one year, following investment of more than 6 million euros
Thursday, October 26, 2023
ECITIM, a Romanian start-up in the energy field, completed 13 photovoltaic parks last year, which are fully operational and connected to the national electricity grid.The 13 photovoltaic parks were developed following an investment of more than 6 million euros, in collaboration and with the contribution of more than 500 partners and investors, the company said Tuesday.Established in April 2022, ECITIM thus becomes one of the most dynamic ...
Bloomberg: EU Green Goals Set to Cost Romania $356 Billion
Thursday, October 26, 2023
Romania needs to spend a massive $356 billion by 2050 to meet the European Union’s carbon-neutral targets, a sum its citizens are far from eager to pay, the World Bank said in its first climate and development report for an EU nation, highlighting the bloc’s difficult task in its transition to a greener economy, Bloomberg informs. The Balkan country has already reduced carbon emissions ...
EnergyMin Burduja: Romania has necessary funds to benefit from and boost energy revolution
Thursday, October 26, 2023
Romania has a great opportunity to be optimally positioned to benefit from this energy revolution, and investment funds worth 18 billion euros will help develop new projects, Energy Minister Sebastian Burduja said at the Climate Change Summit 2023 on last Thursday."We have, on the one hand, an extremely diverse energy mix - and you all know it - from the fact that a third or more of the country's energy comes from water, to the fact that ...
Crude oil production fell 4% in the first eight months of 2023
Thursday, October 26, 2023
Romania produced, in the first eight months of 2023, a quantity of crude oil of 1.87 million tons of oil equivalent (toe), 78,600 toe less (-4%) compared to the same period last year, according to data centralized by the National Institute of Statistics (INS). Crude oil imports rose, in the January-August 2023 period, to 5.198 million toe, being 434,500 toe ...
Gas imports down 16.3 pct, production up 4.1 pct in first 8 months
Thursday, October 19, 2023
Romania imported, in the first eight months of 2023, a quantity of usable natural gas of 1.264 million tonnes of oil equivalent (toe), 16.3% less (-245,800 toe) than in the same period last year, according to data centralised by the National Institute of Statistics (INS).Domestic production of natural gas in January-August 2023 was 4.987 million toe, 4.1% higher than in the first eight months of 2022 (+194,600 toe).According to estimates by the ...
Romania seeking to postpone shutdown of lignite power plants
Thursday, October 19, 2023
Romania will seek European Commission approval to postpone the closure of its lignite-fired power plants by up to two years, Energy Minister Sebastian Burduja said on Monday quoted by Reuters. The government has committed to phasing out lignite - or brown coal - from 2026 under its European Union-funded recovery aid package, although Burduja said he would temper expectations for now on a change to ...
The Naxxar Group forges strategic partnership with Polenergia for NX4 Wind Farm
Thursday, October 19, 2023
The Naxxar Group, formed by Romanian-capital companies and leading player in the renewable energy sector, is delighted to announce a significant milestone in its journey. Naxxar Renewable Energy Management Holding has entered into a conditional agreement with Polenergia, the largest Polish private energy group, for the sale of a substantial 60% stake in development vehicle of the NX4 Wind ...
Primary energy sources down 1.2pct eight months into 2023
Thursday, October 19, 2023
Romania's primary energy sources decreased by 1.2% in the first eight months of 2023, while the final energy consumption in the economy decreased by 5.4%, reveal data published on Friday by the National Institute of Statistics (INS).The main primary energy sources January 1 - August 31, 2023, totalled 22.019 million tonnes of oil equivalent (Mtoe), down 275,800 toe, y-o-y. Domestic production amounted to 12.108 Mtoe, up 228,200 toe (1.9%) y-o-y, and import ...
Updated National Integrated Plan in Energy and Climate Change next spring
Thursday, October 19, 2023
The Ministry of Energy is in the process of updating the National Integrated Plan in the field of Energy and Climate Change (PNIESC), so that, in the spring of next year, we will have this plan up to date, which involved a "difficult coordination pulled by the collar effort of the other institutions involved", declared minister Sebastian Burduja, at the Romanian Renewable Energy Summit 2023."Romania is among the countries with the most ambitious ...
Carbochim installs photovoltaic panels on the new factory in Cluj
Thursday, October 19, 2023
Carbochim Cluj, a company whose majority shareholder is Carbo Europe, part of the Iulius group, is close to completing the process of relocating production to a new Cluj unit, within which it has built a photovoltaic park of 920 panels that will produce 448 MWh / year About 5 million euros were invested in relocating the factory and equipping it with new technologies. In the coming years another 2 ...
E.ON completes a new solar plant in Maramures and announces the connection of 1 mln. plants globally
Thursday, October 19, 2023
E.ON Energie Romania has announced the completion of the construction and installation of a photovoltaic energy generation system for the Printmasters company, from Maramures county, as part of a partnership concluded this year, the investment value being almost 500,000 ...
Photon Energy opened a new office in Bucharest
Thursday, October 19, 2023
In 2015, Photon Energy made its initial foray into the Romanian market, commencing a journey to enhance the nation’s renewable energy landscape. Fast forward to October 2023, the renewable energy company achieved a significant milestone by successfully commissioning eight proprietary photovoltaic power plants with a combined capacity of 31.5 MWp in six locations across the country. ...
Romania should accelerate its local nuclear value chain development
Thursday, October 19, 2023
In less than a decade, Romania is expected to invest more over 10 billion euros for giving its nuclear industry a strong restart and another 30 years of existence. Far from trivial, the refurbished unit 1 in Cernavoda with its 700 MW, and new 1.842 MW capacities (one SMR unit plus 2 more units in ...
The Government will approve, by the end of June 2025, the offshore wind perimeters in the Black Sea that can be concessioned
Thursday, October 12, 2023
Energy Minister Sebastian Burduja has signed the draft law on the necessary measures for the exploitation of offshore wind energy, which is submitted for interministerial approval. In the current version of the draft, the Government will approve, at the latest by the end of June 2025, the offshore wind perimeters in the Black Sea that can be concessioned, informs the ministry in a press ...
Ciolacu: Southern gas corridor will certainly lead to the reconstruction of Ukraine
Thursday, October 12, 2023
The Southern gas corridor will certainly lead to the reconstruction of Ukraine, Prime Minister Marcel Ciolacu said on Monday, according to Agerpres. The Head of the Executive from Bucharest participated in the Trilateral Romania – Bulgaria – Greece, which took place in Varna, an event attended by representatives of the European ...