Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Energy & Environment

Alerion Clean Power develops 14.3MW PV parks in Romania

Thursday, June 17, 2021

Italian green energy group Alerion Clean Power announced that it acquired three photovoltaic plants currently under construction in Romania, with a total installed capacity of approximately 14.3MW.   The Italian investor had already hired in May local wind farm expert Monsson Alma for the development of three wind farms with a combined capacity of 350MW. Construction of the three acquired plants is ...

The price of green certificates has increased by 135% against 2020, up to 52.73 euro

Thursday, June 17, 2021

The price of green certificates has increased by 135% against 2020, up to 52.73% and could get to 70 euro until the end of the year, shows an analysis of the brokerage house XTB Romania, according to whom, whole sectors in the Romanian economy would be affected by the increase in the price of certificates, in the years to come.   The growing trend of the price, especially over the last three years was ...

Romania commits to phase out coal by 2032

Thursday, June 10, 2021

210610083344carbune_40707700.jpg

Romania will exit coal by 2032 at the latest and pass a law by mid-2022 to address the closure of mines and adopt socio-economic measures to support coal communities and the reskilling of workers, according to the country’s official recovery plan quoted by euractive.com.   The document, adopted on Thursday (3 June), plans for an increase in the share of renewable energy sources in ...

Cooperativa de Energie buys Apuron Energy and becomes energy supplier in cooperative system

Thursday, June 10, 2021

  Cooperativa de Energie recently completed the acquisition of Apuron Energy and thus enters directly on the market, as the first energy cooperative type of supplier in Romania, furnishing 100% green energy, with certificates of origin. In June, commercial offers will be launched for individuals and legal entities, as well as for prosumers who want to move their electricity contracts from the current supplier to ...

Govt. promises milder dividend payout ratios at Romgaz and Nuclearelectrica

Thursday, June 10, 2021

The government will not ask Romgaz and Nuclearelectrica to distribute as dividends 90% of their profits made in 2020, as it did with Transgaz and Transelectrica, energy minister Virgil Popescu assured in a Bloomberg interview.   "After a discussion with the Prime Minister and the Minister of Finance, we agreed to grant a derogation to these two companies (Romgaz and Nuclearelectrica)," Virgil Popescu said, according ...

Analysis of the files for the Electric-Up program will be completed in coming weeks

Thursday, June 10, 2021

The analysis of the 2,536 financing files submitted in the Electric-Up program will be completed in the coming weeks, given that, so far, 2,033 files have been analyzed, according to a statement posted on Monday by the Ministry of Energy on Facebook.   The evaluation of the files submitted for financing in the Electric-Up program started on April 9, once the access to the computer platform dedicated to the program was ...

Simtel has 120 MW solar projects in the commissioning phase

Thursday, June 10, 2021

Simtel was founded in 2000 by Romanian businessmen. The company developed in three different areas, based on a “mix of skills” that distinguishes it from other companies – an engineering staff specialized in the energy, telecommunications and automation sectors, he said Sergiu Bazarciuc, Executive Manager Simtel, during the ...

ANRE: Almost 1 mln. energy consumers have changed their contract this year

Thursday, June 10, 2021

About one million household electricity consumers have changed their contracts since the beginning of the year and all major suppliers in the market have received fines for irregularities, according to data provided by the National Energy Regulatory Authority (ANRE). “Out of the total number of household customers, of approximately 8.9 million, on January 1, 2021, 5,902,323 were in the regulated electricity market. Between January 1 and April 30, 2021, 926,000 household ...

Germany says Ukraine must remain gas transit country after new pipeline

Thursday, June 10, 2021

Germany said Ukraine should remain a transit country for Russian gas, the Frankfurter Allgemeine newspaper reported, after President Vladimir Putin said it would depend on the former Soviet republic showing “goodwill” towards Moscow.   Putin said on Friday that Ukraine’s role as a transit country was not assured once the Nord Stream 2 pipeline linking Russia and Germany was complete, according to ...

Russia says Nord Stream 2 testing work to start next week

Thursday, June 10, 2021

210610083514nord_stream_2_640x400.jpg

Testing work on Russia’s Nord Stream 2 gas pipeline to Germany will start next week, Alexander Drozdenko, governor of the Leningrad region where the pipeline starts, was cited as saying by the TASS news agency on 2 June, euractiv.com informs.   The United States last month waived sanctions on the company behind the pipeline to Germany and its chief executive, a move decried by critics of the project in the US Congress, but welcomed this week by the ...

Klaus Iohannis has promulgated the decision regarding the system of own resources of the EU (EURATOM)

Thursday, June 3, 2021

The president of Romania, Klaus Iohannis, has signed on Friday,28th May 2021 the decree regarding the promulgation of the Law for the ratification of the Decision (EU,EURATOM)2020/2053 of the Council on 14th December 2020 regarding the system of own resources of the European Union and abrogation of the Decision 2014/335/EU, Euratom, adopted in Brussels (PL-x 98/16.02.2021).The new decision regarding the system of won resources of the EU (2020/2053)  and ...

Hidroelectrica wants to add in the next years 300 MW in wind off-shore and 300 MW  in wind on-shore

Thursday, June 3, 2021

210603110829Saint_Brieuc_496_MWe_offshore_wind_farm_Iberdrola_Ailes_Marines_IDOM.jpg

Hidroelectrica, one of the biggest producers of energy in the country, wants to add 300 MW  installed power in wind off-shore and 300 MW in wind on-shore as well as in production capacities for production of green hydrogen on the Danube, stated Bogdan Badea, the chairman of the leadership of Hidroelectrica.   The minister of energy, Virgil Popescu, together with the state secretary George Niculescu ...

Delgaz Grid has modernised the transformation units in Gorban, Pascani and  Hirlau, investment of 16.8 million lei

Thursday, June 3, 2021

Delgaz Grid, company member of the Group E.ON Romania announced on Friday that they finalised the modernisation of the transformation units Gorban, Pascani and Hirlau following an investment of 16.8 million lei from European Funds.   The project was co-financed by the European Fund for Regional Development (FEDR) through POIM 2014 - 2020, Priority Axis 6: the promotion of clean energy and energetic ...

CE Oltenia ends 2020 with another EUR 180 mln losses

Thursday, June 3, 2021

Romanian coal and power group CE Oltenia, which is seeking to get the European Commission's consent for a EUR 3.5 bln state-backed program of converting to green resources, announced another RON 939 mln (over EUR 180 mln) losses for 2020 when its incomes shrank by one third (-32%) to RON 2 bln (EUR 400 mln).   The company can secure only EUR 1.5 bln for the EUR 3.5 bln (with the rest of EUR 2 bln expected ...

Corina Popescu (Electrica) : Romania must take a quick decision regarding the end of coal

Thursday, June 3, 2021

Romania must take crucial decisions very quickly in the domain of energy, as well as the period when they stop using coal to produce energy, but they also need to make projects to strengthen the infrastructure which for years have been on paper only, said on Monday Corina Popescu, general manager of Electrica.   She took part in the third edition of Atlantic –Black Sea Security Forum, organized by ...

OMV Petrom's Verchere: Black Sea natural gas development is four years overdue

Thursday, June 3, 2021

 The Black Sea natural gas extraction project is four years late now, and Romania should amend its legislation so that other projects will not end up the same way, OMV Petrom CEO Christina Verchere said on Monday.She participated in the third edition of the Atlantic - Black Sea Security Forum organised by the Aspen Romania Institute in partnership with the Bucharest office of the German Marshall Fund of the US.Verchere indicated the European funds ...

Construction works for USD 148 mln power plant kick off on Petromidia platform

Thursday, June 3, 2021

The Kazakh-Romanian Energy Investment Fund (FIEKR) begins the construction of the cogeneration plant on the Petromidia platform, an investment of about USD 148 mln.   Established in October 2018, FIEKR is owned by KMG International (the owner of Petromidia, Romania's biggest refinery) and the Romanian State through the Energy Participation Management Company - SAPE. The Fund was a way for KMG International to settle a debt ...

Govt. plans gas+H2 power plant in Constanta

Thursday, June 3, 2021

One of the projects included in the Resilience Plan (PNRR) is a power plant located in Constanta, on the Black Sea coast, that would burn natural gas in combination with 30% H2 generated from wind and solar production capacities that abound in that region of the country, announced the minister of energy Virgil Popescu. "It is a bigger, broader concept, the Green City concept, a concept through which we produce electricity and heat in cogeneration ...

Minister Ghinea signs three financing contracts to develop gas networks in Harghita and Covasna

Thursday, June 3, 2021

Cristian Ghinea, the minister of investments and European projects, signed contracts financing three projects for the development of natural gas networks in Harghita and Covasna counties, with am overall value of 144 million lei, the ministry informed on last Thursday.   Ten local authority projects were approved in the Large Infrastructure Operational Program 2014-2020, by which 15,444 people will be ...

EU Cohesion policy: €216 million to modernise Bucharest's thermal energy transmission system

Thursday, June 3, 2021

The Commission has approved an investment of €216 million from the Cohesion Fund to modernise the thermal energy transmission system of Bucharest, the capital of Romania. ...

Premium News

Daily

Thursday, July 29, 2021

Financial & Banking

Monday, July 26, 2021

Economic

Tuesday, July 27, 2021

Companies

Wednesday, July 28, 2021

Energy & Environment

Thursday, July 29, 2021