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Energy & Environment
Volker Raffel, E.ON: Without investments in the grids, the green transition will hit a wall
Thursday, October 5, 2023
Volker Raffel, CEO E.ON Romania, tells Energynomics within an exclusive interview about the newest trends in the appetite of prosumers, the need to expand and modernize distribution networks, but also about the hydrogen pilot project and sustainable heating. How has the demand for green projects evolved this year, both in the residential segment and ...
Türkiye signs deal for natural gas exports to Romania
Thursday, September 28, 2023
Türkiye has agreed to send natural gas via pipeline to Romania starting from Oct. 1 and running until March 31, 2025, the Turkish Petroleum Pipeline Corporation (BOTAS) announced on Wednesday, according to Anadolu Agency quoted by https://azertag.az/. The agreement between BOTAS and Romania's OMV Petrom, one of the largest energy companies in the region, will cover the export of up to 4 million cubic meters of natural gas daily to Romania. Both ...
Royalty paid by Transgaz to up by 25%
Thursday, September 28, 2023
One of the amendments submitted by the coalition PSD-PNL for the draft fiscal measures, on which the Government is assuming the response, provides for a 25-fold increase in the royalty paid for the gas transport concession, from 0.4% to 10%. The monopoly on gas transportation is held by Transgaz, which means that it will be the only company to pay this increased ...
AmCham Moldova pleads for the elimination of the tax for changing the gas supplier
Thursday, September 28, 2023
AmCham Moldova, which brings together 158 members, asks the Minister of Energy Victor Parlicov to reanalyze modifications to Law no. 108/2016 on natural gas, mainly the establishment of the equity component. This is paid by consumers who change supplier in the regulated market for one in the competitive marker, in the form of a one-off charge that includes outstanding tariff deviations. Equity ...
Energy minister: HVDC interconnector - a particularly important project for Romania
Thursday, September 28, 2023
The planned High Voltage Direct Current (HVDC) interconnector is a particularly important project for Romania, which will enable the transmission of green energy from the eastern region of Dobrogea to western Romania and EU member states, representatives of the Energy Ministry said.Energy Minister Sebastian-Ioan Burduja met on Monday with Sultan Mohamed Majed Al Ali, ambassador of the United Arab Emirates to Romania, and with representatives of Abu Dhabi National Energy ...
EnergMin Burduja: Parliament might pass offshore wind energy bill in December
Thursday, September 28, 2023
An offshore wind energy bill could reach government in two weeks' time, at the latest, and December should be a feasible deadline for the adoption of it, Energy Minister Sebastian Burduja told a specialist debate on Monday."Romania, versus other European countries, is positioned among the pioneers of this technology and we certainly have every interest to be there on the map of major investors and to harvest the great wind potential of the Black Sea, because here we have ...
New Code of Good Practice for Renewable Energy in Romania
Thursday, September 28, 2023
The second edition of the ‘Code of Good Practice for Renewable Energy in Romania’ is a joint project of the Romanian Wind Energy Association (RWEA) and the Romanian Photovoltaic Industry Association (RPIA) with the participation of DG ENER, the Romanian Ministry of Energy, the Romanian Energy Regulatory Authority (ANRE), Transelectrica, SolarPower Europe, WindEurope, Federation of Associations of Energy Utility Companies (ACUE), European Investment Bank (EIB), EBRD, ...
Energy ministry to grant financing of 50 million RON for Valea Jiului Energy Complex
Thursday, September 28, 2023
The Energy ministry is initiating two government decisions allocating 50 million RON from the Budget Reserve Fund available to the prime minister to financing the new company Valea Jiului SA Energy Complex and establishing a Service of general economic interest for mine safekeeping and coal mining activities in Valea Jiu.According to a ministry release, a compensation of 65.8 million RON borne entirely from the state budget, through the budget of the Ministry of Energy, ...
Hidroelectrica to invest, together with a company from the Emirates, in 1,500 MW floating photovoltaic panels
Thursday, September 28, 2023
A very important project that we have in mind at the moment is an investment of about 1,500 Megawatts in floating photovoltaic panels, which we want to realize together with the Emirati company Masdar, on Friday announced, during a conference on the market of capital, the president of Hidroelectrica, Bogdan Badea."The Hidroelectrica company focuses on several targets. The first target is to maintain and increase the company's profitability and financial performance, which ...
Vast Resources sees minimal operational impact from industrial action in Romania
Thursday, September 28, 2023
Vast Resources said it expects the impact on operations at its polymetallic mine in Romania stemming from industrial action to be minimal, https://www.marketwatch.com/ reads. The London-listed mining company said most of the workforce remained supportive of the company and ...
Senior official: Romania must use all low carbon emitting resources to achieve decarbonisation goals
Thursday, September 28, 2023
Renewable energy sources, nuclear energy and natural gas form the backbone of the energy transition in Romania, Pavel-Casian Nitulescu, senior official with the Romanian Ministry of Energy, told the 24th editions of the World Petroleum Congress on Thursday."To achieve our decarbonisation objectives and to maintain the stability of the national power grid, it is necessary to use all available sources with low carbon emissions such as natural gas, with the gradual transition ...
Canada signs $3-billion deal to finance nuclear power in Romania
Thursday, September 21, 2023
Canada is helping to finance two new nuclear reactors in Romania, which that country’s energy minister says will help diminish Russia’s ability to use its energy exports as a weapon. Canadian Energy Minister Jonathan Wilkinson signed the $3-billion deal with his Romanian counterpart, Sebastian Burduja, in Ottawa. He says it is first and foremost about adding new non-Russian energy sources, and Romania is in talks to share ...
President Iohannis: Since 1990, Romania has reduced greenhouse gas emissions by more than two thirds
Thursday, September 21, 2023
Romania has reduced its greenhouse gas emissions by over two thirds since 1990, while multiplying its Gross Domestic Product (GDP), President Klaus Iohannis said on Wednesday, adding that currently, Romania has one of the lowest levels of such emissions per capita in the European Union.Iohannis attended and delivered a speech to the Climate Ambition Summit included on the agenda of the UN General Assembly."Romania will phase out coal by 2030 and bring into ...
First floating photovoltaic energy system to be built on Grebla lake, with 1.36 mln euros
Thursday, September 21, 2023
TMK Hydroenergy Power, in partnership with Innovation Norway, has started the construction, on the Grebla lake, of the first floating photovoltaic energy system, which will generate more than 1 million KW/year and a reduction of greenhouse gas emissions of over 300 tons of CO2 annually.The value of the investment is 1.36 million euros, TMK Hydroenergy Power benefiting from an Innovation Norway grant to cover part of the expenses."The works ...
ANRE completes operationalization of digital platform for reporting and monitoring natural gas market
Thursday, September 21, 2023
The National Energy Regulatory Authority (ANRE) has completed the operationalization and digitalization process of the Natural Gas Market Reporting and Monitoring Platform, in line with the provisions of the Natural Gas Market Monitoring Methodology, according to a press release.According to the cited source, the platform, developed exclusively with internal resources, represents a significant step towards increasing and monitoring the transparency and efficiency of ...
Gas imports down 26.4% pct, production up 4.6 pct in first seven months of 2023
Thursday, September 21, 2023
Romania imported, in the first seven months of 2023, a quantity of usable natural gas of 956,900 tonnes of oil equivalent (toe), 26.4% (-342,700 toe) less than in the same period last year, according to data centralized by the National Institute of Statistics (INS).Domestic production of natural gas in January-July 2023 amounted to more than 4.367 million toe, 4.6% (193,000 toe) higher than in the first seven months of last year.According to estimates by the ...
Romania to build transmission, interconnection power line worth EUR 3 billion
Thursday, September 21, 2023
A high-voltage direct current cable across Romania to Hungary is “the number one priority,” Minister of Energy Sebastian Burduja said. It is valued at more than EUR 3 billion, https://balkangreenenergynews.com/ informs. A power link will be ...
EU electricity market reform at a standstill over nuclear power row
Thursday, September 21, 2023
The European Parliament gave the green light to start negotiations with the Council of the EU to reform the Union's electricity market. However, the Council is currently deadlocked due to disagreements, mainly between Germany and France, over the financing of nuclear energy.With a reform of the European electricity market, MEPs want to protect consumers more strongly against price fluctuations. Citizens should have the right to fixed price contracts as well as contracts ...
Korean investors, interested in construction of reactors 3 and 4 at Cernavoda nuclear power plant
Thursday, September 21, 2023
The participation of Korean companies in the development of the nuclear sector in Romania was one of the topics analyzed on Thursday by the minister of Energy, Sebastian Burduja, and the ambassador of the Republic of Korea in Bucharest, Rim Kap-Soo, the Ministry of Energy informs in a press release.During the meeting held at the institution's headquarters, the two sides presented the priorities in bilateral relations regarding nuclear energy and the joint cooperation ...
Dragan (ME): We want to have over 10 GW of additional renewable capacity installed by 2030
Thursday, September 14, 2023
Romania has started transforming its energy system in line with its targets and wants new renewable capacities, the target being that by 2030 we will have an additional 10 Gigawatts of renewable capacities installed, all technologies, said Dan Dragan, Secretary of State in the Ministry of Energy, on Monday. He also added that the nuclear programme is to continue, namely Units 3 and 4 at Cernavoda and ...