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Energy & Environment
EU investment minister:Ro-HydroHub green hydrogen project - a success story for any country, a model worth extending
Thursday, November 28, 2024
The Ro-HydroHub green hydrogen project is a success story for any country and a challenge for the Ministry of Research, Innovation and Digital Transformation, Minister of European Investments and Projects Adrian Caciu declared on Thursday, after the contract-signing ceremony for the construction of a Romanian hydrogen and new energy technologies hub, organized at the Victoria Palace of Government."This is yet another project whereby we demonstrate that the ...
Burduja: We managed to adopt Energy Strategy of Romania, for first time after 17 years
Thursday, November 28, 2024
The Ministry of Energy managed to promote in the Government on Thursday, after about a year of consultations, of voluntary work, the Energy Strategy of Romania until 2035, with the perspective of 2050, declared, on Thursday, the Minister of Energy, Sebastian Burduja."These are good days for the Romanian energy sector because we manage to fulfill the goals we set for ourselves, among the most ambitious. If last Friday we signed the contracts for reactors 3 ...
Enery has concluded a virtual PPA with Nokian Tyres in Romania
Thursday, November 28, 2024
Enery has entered into a new Power Purchase / Sale Agreement (PPA) for electricity produced by a photovoltaic power plant in Romania. This agreement is composed of a virtual PPA and a power supply agreement with Nokian Tyres. The transaction represents Enery’s sixth PPA in Romania and the twelfth in the Central and Eastern Europe (CEE) region in the last two years, strengthening Enery’s position as the largest PPA provider in the ...
Schneider Electric Romania integrates AI to increase operational and energy efficiency
Thursday, November 28, 2024
Schneider Electric Romania announces it is integrating artificial intelligence into its business processes for more agile and efficient operations. Thus, at the service level, Schneider Electric Romania is harnessing the power of artificial intelligence to assess customers’ energy efficiency and shape decarbonisation strategies. Another very important area where artificial intelligence is making ...
130,000 beneficiaries of Green House program need storage systems as are unable to deliver to grid
Thursday, November 21, 2024
Almost 130,000 beneficiaries of the Green House program need storage systems because they are unable to deliver the produced energy to the grid, this being the biggest problem encountered so far, the vice-president of the Fund Administration for the Environment (AFM), Adrian Corbu said on Tuesday."I am a beneficiary of this program and I see firsthand how the system works. We also have a big problem with connecting these systems and issuing prosumer certificates. It has ...
Ministry of Energy launches new call worth 150 M euros for investments in battery storage
Thursday, November 21, 2024
The Ministry of Energy is launching a new call worth 150 million euros for investments in battery storage, which will allow the use of green energy even when the wind is not blowing or the sun is not shining, contributing to balancing the system, says the relevant minister, Sebastian Burduja."As promised, we have attracted another 150 million euros from the Modernisation Fund, non-reimbursable funds, to increase Romania's battery storage capacity. The projects will ...
Construction works kick off at 99.2 MW Green Breeze wind park
Thursday, November 21, 2024
OX2 Romania and global power and renewable energy platform Nala Renewables have started construction works on the 99.2 MW Green Breeze wind farm in Galati County, a release informs.Nala Renewables acquired the project in August 2024 and under the agreement, OX2 will build and then operate it, with Nala Renewables overseeing these activities.Located mainly in the municipality of Cuca in the county of Galati, Green Breeze is a major investment in the energy future ...
Mobile offshore drilling unit for Neptun Deep arrives in Romania
Thursday, November 21, 2024
OMV Petrom, the largest integrated energy producer in Southeastern Europe and operator of the Neptun Deep project, announced that ...
Central Asia, Azerbaijan forge green energy links with new venture in Romania
Thursday, November 21, 2024
A joint venture for the Caspian, Black Sea, and European 'green energy corridor' has already been set up in Bucharest, Romania, said Fagan Abdurahmanov, Head of the Renewable Energy Zones Development Department at the Azerbaijan Renewable Energy Agency (AREA). https://en.trend.az/reports. He made the remark as he addressed the energy transition investment forum for Central Asia at COP29. "One key part of our ...
Romania's nine-month crude oil production drops 3.8 pct
Thursday, November 21, 2024
Romania produced over January - September 2.024 tonnes of crude oil equivalent (toe), by 79,300 toe less (-3.8 pct) compared to the same period of 2023, show figures centralized by the National Institute of Statistics (INS).Crude imports in the reporting interval amounted to 5.733 million toe, by 27,150 toe (0.5 pct) more year-over-year.According to the latest Energy Balance Forecast, published by the National Commission for Economic Strategy and Forecast ...
The Greece-Egypt Interconnection GREGY and Its Benefits for the Greek and European Industry
Thursday, November 21, 2024
The important benefits of the Greece-Egypt interconnection (GREGY), that will transfer competitively priced green energy, enhancing the role of Greece role as an energy hub for Southeast Europe and strengthening the competitiveness of Greek and European industry, was highlighted by Copelouzos Group at an event organized by the Greek Ministry of Environment and Energy in collaboration with the European Commission. The event took place at the UN Climate Change Conference, COP 29, in ...
Electrica posts net profit down by over 38% after the first nine months of 2024
Thursday, November 21, 2024
In the first nine months of this year, the Electrica Group registered a net profit of 302.4 million RON, down by over 38% compared to the value of 490.5 million RON recorded in the same period period in 2023.According to a press release from the group, sent to AGERPRES on Friday, the decrease was mainly generated by the negative effect of 438.3 million RON from the variation in the net result of the supply segment (from a profit of 78.5 million RON in 9 months from 2023 to ...
Landmark EPCM contract for Cernavoda Units 3 and 4 signed in Baku
Thursday, November 21, 2024
National nuclear energy producer Nuclearelectrica, project company Energonuclear and the consortium of Fluor, Sargent & Lundy (U.S.), Atkins Realis (CANDU - Canada ) and Ansaldo (Italy) signed on Friday in Baku, on the occasion of the COP 29 meeting, a landmark contract for the construction of Cernavoda nuclear power plant Units 3 and 4, the Romanian Energy Ministry announced in a release.At the General Meeting of Nuclearelectrica SA Shareholders held on November 14, ...
EU Approves €790M Aid for Closure of Valea Jiului Coal Mines
Thursday, November 21, 2024
The European Commission approved, on Friday, under EU rules on state aid, a Romanian state measure worth 790 million euros (approximately 3.9 billion lei) to cover the exceptional costs generated by the closure of four uncompetitive coal mines in the Jiu Valley (Lonea, Lupeni, Livezeni and Vulcan), a press release from the European Commission informs. Romania has notified the Commission of a measure worth EUR 790 million (approximately RON 3.9 ...
Defic Globe, strategic investment in Romania in the field of renewable energy
Thursday, November 21, 2024
*Company plans to build 4 new renewable energy plants and opens office in Bucharest. Defic Globe, a subsidiary of YEO Technology – a global brand in renewable energy and energy technologies – is expanding its presence on the Romanian market through strategic investments. The company plans to build four new solar power plants locally, contributing to the country’s renewable energy targets. At the same time, Defic Globe ...
Transelectrica doubles net profit in Jan-Sep
Thursday, November 21, 2024
The National Electricity Transmission and System Operator Transelectrica recorded, in the first nine months of 2024, a net profit of 410 million RON, up 99% compared to the same period of the previous year, according to a report submitted to the Bucharest Stock Exchange on Thursday.In the first nine months of 2023, Transelectrica reported a net profit of 207 million RON.The gross result increased to 448 million RON, in the period January-September 2024 (from 234 ...
Solar energy produced in photovoltaic installations up 58.6 pct in first nine months of the year
Thursday, November 21, 2024
The solar energy produced in photovoltaic installations in the period January 1 - September 30, 2024 was 2.93 billion kWh, up 58.6% year-over-year, according to data published by the National Institute of Statistics (INS).The figures for solar energy produced in photovoltaic installations also include prosumers.Production from thermal power plants amounted to 12.64 billion kWh, down by 0.3%, production from hydro power plants amounted to 11.46 billion kWh, ...
Romania's first LNG and bioLNG filling station opens in Pecica
Thursday, November 21, 2024
Vulcangas Romania, a subsidiary of Societa Italiana Gas Liquidi S.p.A., opened on Wednesday in the town of Pecica - Arad County Romania's first LNG and bioLNG (including CNG and bioCNG) filling station.According to a company statement, the new infrastructure represents a beginning for cleaner and more sustainable high-tonnage transport, a step towards the real and pragmatic decarbonisation of heavy and commercial transport.Vulcan's station in Pecica marks ...
EC to refer Romania to CJEU for failure to adequately collect and treat urban waste water
Thursday, November 21, 2024
The European Commission decided on November 14 to refer Bulgaria and Romania to the Court of Justice of the European Union for failing to fully comply with the collection and treatment obligations set in the urban waste water treatment directive (Directive 91/271/EEC), the Community Executive said in a release.The purpose of the Directive is to protect people's health and the environment by requiring that urban waste water is collected and treated before discharge into the ...
Works start for new energy group at Oradea Electric Heating Plant on investment of 48 million euros
Thursday, November 14, 2024
The mayor of Oradea, Florin Birta, announced on Wednesday the start of works on a major investment in the city's heating system, by replacing the existing energy group 1 with a modern one, a project worth about 48 million euros, financed from the state budget (85%) and from the local budget (15%)."Until the end of next year, all the thermal energy produced in Oradea will come from new, efficient installations, which reduce losses and ...