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Energy & Environment
ANRE VP skeptical Romania will have wind energy production capacities in Black Sea by 2030
Thursday, January 12, 2023
I am skeptical that Romania will have the capacity to produce wind energy in the Black Sea, until 2030, although I do not exclude this, but it will be very, very difficult, the vice president of the National Energy Regulatory Authority (ANRE), Zoltan Nagy-Bege, declared on Tuesday at the launch event of the "Offshore wind - the enabler of Romania's ...
Romanian-Bulgarian Energy Island concept, efficient solution for unlocking development of offshore wind energy
Thursday, January 12, 2023
Offshore wind energy can become a catalyst for the decarbonization process in Romania and South-Eastern Europe, and a joint Romanian-Bulgarian Energy Island concept would be an effective solution for unlocking the development of this type of energy at the level of economies of scale, informs the Energy Policy Group (EPG) on Tuesday, at the launch event of the report Offshore wind - the enabler of Romania's decarbonisation.The total ...
EDP Renovaveis to sue Romania and Poland for introducing excessive taxes
Thursday, January 12, 2023
The Portuguese renewable energy producer EDP Renovaveis announced on Monday that it will take legal action against Romania and Poland for the new energy taxes recently adopted by these countries, which the company considers an unfair overtaxation of unrealized profits. Like many other EU member countries, Romania and Poland have recently introduced emergency measures aimed at ...
Econergy signs US$160 million loan to finance solar PV projects in Romania and Poland
Thursday, January 12, 2023
Renewables developer Econergy Renewable Energy has finalised a €150 million (US$157.7 million) loan agreement with Phoenix Insurance to support its pipeline of solar PV projects in Romania and Poland, https://www.pv-tech.org/ ...
Two decisions for development of natural gas transportation network, passed by gov't
Thursday, January 5, 2023
The executive approved two Decisions regarding the development of the natural gas transport network, announced Dan Dragan, secretary of state in the Ministry of Energy, at the briefing from the end of the Government meetingOne decision refers to the carrying out of a 90 km pipeline, which offers the possibility to include the additional connection in the southern area, the users' access to natural gas and, last but not least, the optimal use of the warehouse there and the other ...
Rovinari 3 and Turceni 7 energy groups and related mining operations, postponed from closure
Thursday, January 5, 2023
The government approved, in Wednesday's sitting, the postponement until October 1, 2023 of the closure of the 660 MW lignite-based energy groups Rovinari 3 and Turceni 7 and their related mining operations, belonging to the Oltenia S. A. Energy Compound (CEO), in order not to endanger the proper functioning of the National Energy System, a government press release reads."The decision was made according to the provisions of Law no. 334/2022 which specifies ...
Gov't approves transposition of Regulation on taxation of excess profits of energy companies
Thursday, January 5, 2023
The Government approved the transposition of the Regulation on the taxation of the excess profits of energy companies, as a result of which 3.9 billion RON will be collected in a special fund, secretary of state with the Ministry of Finance Mihai Diaconu informed on Wednesday, after the government meeting.According to him, the companies considered by the Regulation are large companies with significant profits, "those that in the past years have performed extraordinarily, and now ...
PM Ciuca announces fuel subsidy scrapped as of Jan 1
Thursday, January 5, 2023
Prime Minister Nicolae Ciuca announced on Wednesday that the government will no longer extend the fuel price subsidy of 0.5 RON per litre, but is ready to apply it again should "price developments be such that the citizens' purchasing power is exceeded.""Whereas initially the measure didn't seem to produce effects, at the end of the year we can see that it was a good measure, as fuel prices reached levels previous to the enforcement of the measure. And we must announce that ...
Mass Global Energy Rom bought the assets of the Mintia Thermal Power Plant
Thursday, January 5, 2023
The representatives of the company Mass Global Energy Rom, the entity that bought the assets of the Mintia Thermal Power Plant, met on Tuesday with the prefect of Hunedoara County, Calin Marian, after signing the contract to purchase the electricity producer for the amount of 91.2 million EUR."The Government of Romania, through Prime Minister Nicolae Ionel Ciuca, and the Minister of Energy, Virgil Popescu, have been actively involved in this project, which is the ...
Coal production increases by 1.5% in first 10 months of 2022
Thursday, January 5, 2023
Romania's net coal production totaled, in the first ten months of 2022, 2.565 million tons of oil equivalent, being 1.5% (38,300 toe) higher than in the same period in 2021, according to data centralized by the National Institute of Statistics.During the mentioned period, Romania imported 350,600 toe of net coal, 30,500 toe (8%) less than the amount imported last year in the same period.The National Strategy and Forecasting Commission estimates for 2022 a coal ...
Agreement on a new submarine power line connecting Azerbaijan to Hungary, via Georgia and Romania
Thursday, December 22, 2022
Last Saturday presidents and prime ministers from Azerbaijan, Georgia, Romania, Hungary and the EU signed an agreement about a new, sub-sea electricity line that would connect Azerbaijan via Georgia and Romania with Hungary. The proposed electricity connection from Azerbaijan to Hungary could be sub-divided into five ...
Romgaz, Socar Trading sign first individual agreement for supply of gas from Azerbaijan to Romania
Thursday, December 22, 2022
Romgaz National Gas Company and Socar Trading, a branch of the national oil company of the Republic of Azerbaijan, on Friday signed the first individual agreement for the supply of natural gas from Azerbaijan to Romania.According to a press release, the individual agreement allows the supply of natural gas starting on January 1, 2023, through the Southern Corridor, using the transmission capacities of the TAP, IGB pipelines, as well as the transmission ...
Vast Resources' 4Q production rose at Romania mine
Thursday, December 22, 2022
Vast Resources PLC said Friday that fourth-quarter production at its Baita Plai Polymetallic Mine in Romania increased, with trends likely to continue in 2023, https://www.marketwatch.com/ reads. The mining company said ...
Draft law for nuclear project in Romania gets government nod
Thursday, December 22, 2022
A draft law regarding the agreement to build two new reactors at the country’s sole nuclear power plant in Cernavoda was adopted by the government, meaning parliament will now debate the text, euractiv.com informs. “It is a very important law, which I hope will be adopted as soon as possible by my colleagues in the Parliament, in order to move forward with the project of the new units from ...
Rezolv, Low Carbon to construct two onshore wind farms in Romania
Thursday, December 22, 2022
Accordin to Reuters. clean power producer Rezolv and British renewable energy investment firm Low Carbon will construct two onshore wind farms in Romania with combined capacity of up to 600 megawatts, Rezolv said on Monday. The two wind farms will be located in the communes of Adamclisi & Deleni in Romania's Constanta county. Once operational, they will generate enough clean energy to power more ...
Romania's production of petroleum decreases by 6.2% in first ten months, imports up by 31.1%
Thursday, December 22, 2022
Romania produced, in the first ten months of 2022, a quantity of petroleum of more than 2.436 million tons of oil equivalent (toe), with 162,400 toe (-6.2%) less than that produced in the similar period of 2021, according to data centralized by the National Institute of Statistics (INS).Crude oil imports have gone up, during the mentioned period, to 7.227 million toe, being 1.714 million toe (+31.1%) above those of the January-November 2021 ...
Electrica aims to get included in FTSE Russell indices in upcoming period
Thursday, December 22, 2022
Societatea Energetica Electrica SA signed for market-making services with BRK Financial Group and Wood & Company Financial Services a.s. (Wood&Co), with the main objective to enhance own stock liquidity on the Bucharest Stock Exchange (BVB) in order to be included in the FTSE Russell international indices, informs the company, in a press release sent on Tuesday.The two liquidity providers - BRK Financial Group and Wood&Co - will start ...
Gas imports down by 20.1 pct in first 10 months of 2022, production down by 4.4 pct
Thursday, December 22, 2022
Romania imported, in the first ten months of 2022, a quantity of usable natural gas of over 1.828 million tonnes of oil equivalent (toe), by 20.1% (-459,800 toe) less than that of the similar period of last year, according to the data centralized by the National Institute of Statistics (INS).The domestic production of natural gas was, in the mentioned period, almost 5.743 million toe, by 4.4% (262,700 toe) below that of the first ten months of ...
Fondul Proprietatea no longer owns any shares in OMV Petrom
Thursday, December 22, 2022
The transactions regarding the sale of the ordinary shares owned by Fondul Proprietatea to OMV Petrom were settled on Friday, and FP no longer owns any shares in this company, according to a report submitted to the Bucharest Stock Exchange."Franklin Templeton International Services SRL, as alternative investment fund administrator and sole administrator of Fondul Proprietatea SA, wishes to inform the shareholders that the transactions regarding the sale of ...
Romania to receive EUR 2.14 billion from Just Transition Fund
Thursday, December 22, 2022
Romania will receive EUR 2.14 billion from the Just Transition Fund (JTF) to support a fair transition of its coal regions to a greener economy, https://balkangreenenergynews.com/ reads.. The funds were approved after the country adopted its Territorial Just ...